Resources Investment Advisors LLC. lifted its stake in shares of Colgate-Palmolive (NYSE: CL – Get Rating) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,915 shares of the company stock after buying an additional 1,014 shares during the quarter. Resources Investment Advisors LLC.’s holdings in Colgate-Palmolive were worth $ 590,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Horan Securities Inc. purchased a new stake in shares of Colgate-Palmolive during the 4th quarter worth approximately $ 30,000. TAP Consulting LLC acquired a new position in shares of Colgate-Palmolive in the 4th quarter valued at $ 40,000. Widmann Financial Services Inc. acquired a new position in shares of Colgate-Palmolive in the 4th quarter valued at $ 42,000. Shore Point Advisors LLC acquired a new position in shares of Colgate-Palmolive in the 4th quarter valued at $ 43,000. Finally, Crewe Advisors LLC acquired a new position in shares of Colgate-Palmolive in the 4th quarter valued at $ 43,000. Institutional investors and hedge funds own 78.12% of the company stock.
Several equities analysts have issued reports on the stock. Barclays dropped their price target on shares of Colgate-Palmolive from $ 77.00 to $ 71.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. Stifel Nicolaus dropped their price objective on shares of Colgate-Palmolive from $ 90.00 to $ 88.00 in a research note on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Colgate-Palmolive from $ 91.00 to $ 88.00 in a research note on Monday, May 2nd. StockNews.com cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Finally, The Goldman Sachs Group dropped their target price on shares of Colgate-Palmolive from $ 104.00 to $ 95.00 in a research note on Tuesday, March 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $ 85.40.
In other news, CEO Noel R. Wallace sold 50,000 shares of the company stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $ 79.34, for a total transaction of $ 3,967,000.00. Following the completion of the transaction, the chief executive officer now owns 221,790 shares of the company stock, valued at approximately $ 17,596,818.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John W. Kooyman sold 19,683 shares of the company stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $ 78.49, for a total transaction of $ 1,544,918.67. Following the transaction, the insider now directly owns 7,007 shares of the company stock, valued at approximately $ 549,979.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,683 shares of company stock worth $ 6,297,119. 0.32% of the stock is owned by insiders.
Colgate-Palmolive stock opened at $ 74.04 on Friday. Colgate-Palmolive has a 52 week low of $ 72.20 and a 52 week high of $ 85.61. The company has a quick ratio of 0.67, a current ratio of 1.09 and a debt-to-equity ratio of 10.42. The firm’s 50-day simple moving average is $ 78.11 and its 200 day simple moving average is $ 79.12. The firm has a market capitalization of $ 62.04 billion, a PE ratio of 30.60, a P / E / G ratio of 4.99 and a beta of 0.56.
Colgate-Palmolive (NYSE: CL – Get Rating) last released its earnings results on Friday, April 29th. The company reported $ 0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $ 0.74. The company had revenue of $ 4.40 billion for the quarter, compared to analyst estimates of $ 4.40 billion. Colgate-Palmolive had a net margin of 11.70% and a return on equity of 296.77%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $ 0.80 EPS. On average, research analysts expect that Colgate-Palmolive will post 3.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Thursday, July 21st will be issued a $ 0.47 dividend. The ex-dividend date of this dividend is Wednesday, July 20th. This represents a $ 1.88 dividend on an annualized basis and a yield of 2.54%. Colgate-Palmolive’s dividend payout ratio (DPR) is 77.69%.
Colgate-Palmolive announced that its board has initiated a share buyback program on Thursday, March 10th that allows the company to buyback $ 5.00 billion in shares. This buyback authorization allows the company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company board believes its shares are undervalued.
Colgate-Palmolive Profile: (Get Rating)
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.
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