Quantitative Investment Management LLC acquired a new position in Colgate-Palmolive (NYSE:CL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 92,600 shares of the company’s stock, valued at approximately $6,986,000.
Other hedge funds have also modified their holdings of the company. Weatherstone Capital Management boosted its stake in Colgate-Palmolive by 0.7% during the 2nd quarter. Weatherstone Capital Management now owns 4,069 shares of the company’s stock valued at $302,000 after purchasing an additional 28 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Colgate-Palmolive by 0.6% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 5,642 shares of the company’s stock valued at $419,000 after purchasing an additional 34 shares in the last quarter. NorthCoast Asset Management LLC boosted its stake in Colgate-Palmolive by 0.3% during the 2nd quarter. NorthCoast Asset Management LLC now owns 22,885 shares of the company’s stock valued at $1,696,000 after purchasing an additional 68 shares in the last quarter. Vantage Investment Advisors LLC boosted its stake in Colgate-Palmolive by 1.5% during the 2nd quarter. Vantage Investment Advisors LLC now owns 4,859 shares of the company’s stock valued at $360,000 after purchasing an additional 73 shares in the last quarter. Finally, Hancock Holding Co. boosted its stake in Colgate-Palmolive by 2.3% during the 2nd quarter. Hancock Holding Co. now owns 3,460 shares of the company’s stock valued at $256,000 after purchasing an additional 78 shares in the last quarter. 73.87% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on CL. Citigroup increased their price target on Colgate-Palmolive from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. BNP Paribas lowered Colgate-Palmolive from an “outperform” rating to an “underperform” rating in a research note on Tuesday, January 30th. Jefferies Group reissued a “hold” rating and set a $79.00 price objective on shares of Colgate-Palmolive in a research note on Friday, January 26th. Zacks Investment Research raised Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, January 16th. Finally, Macquarie raised Colgate-Palmolive from a “neutral” rating to an “outperform” rating and set a $81.00 price objective for the company in a research note on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $77.91.
Shares of Colgate-Palmolive (CL) opened at $71.24 on Monday. The firm has a market capitalization of $62,358.27, a price-to-earnings ratio of 24.82, a PEG ratio of 2.64 and a beta of 0.79. The company has a debt-to-equity ratio of 27.02, a quick ratio of 1.00 and a current ratio of 1.36. Colgate-Palmolive has a one year low of $68.19 and a one year high of $77.91.
Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, January 26th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.75. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Colgate-Palmolive had a return on equity of 1,716.69% and a net margin of 13.10%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. research analysts anticipate that Colgate-Palmolive will post 3.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from Colgate-Palmolive’s previous quarterly dividend of $0.40. Colgate-Palmolive’s dividend payout ratio is presently 70.18%.
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Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.
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