Colgate-Palmolive Company $CL Position Increased by Intellectus Partners LLC

Intellectus Partners LLC increased its stake in Colgate-Palmolive Company (NYSE:CL) by 79.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,886 shares of the company’s stock after purchasing an additional 6,158 shares during the period. Intellectus Partners LLC’s holdings in Colgate-Palmolive were worth $1,097,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. REAP Financial Group LLC bought a new stake in Colgate-Palmolive during the 4th quarter valued at $40,000. Avestar Capital LLC raised its stake in Colgate-Palmolive by 137.5% during the 4th quarter. Avestar Capital LLC now owns 8,589 shares of the company’s stock valued at $679,000 after acquiring an additional 4,973 shares in the last quarter. CIBC Asset Management Inc raised its stake in Colgate-Palmolive by 24.3% during the 4th quarter. CIBC Asset Management Inc now owns 380,450 shares of the company’s stock valued at $30,048,000 after acquiring an additional 74,366 shares in the last quarter. Marble Wealth LLC bought a new stake in Colgate-Palmolive during the 4th quarter valued at $744,000. Finally, Kesler Norman & Wride LLC raised its stake in Colgate-Palmolive by 6.6% during the 4th quarter. Kesler Norman & Wride LLC now owns 16,699 shares of the company’s stock valued at $1,320,000 after acquiring an additional 1,041 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Rothschild & Co Redburn set a $100.00 target price on Colgate-Palmolive and gave the company a “buy” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Colgate-Palmolive in a research note on Friday, May 1st. UBS Group lifted their target price on Colgate-Palmolive from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wells Fargo & Company cut their target price on Colgate-Palmolive from $100.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Bank of America cut their target price on Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.88.

Colgate-Palmolive Stock Down 3.8%

Shares of CL stock opened at $84.95 on Thursday. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $99.33. The stock has a market cap of $67.98 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 4.58 and a beta of 0.33. The business’s fifty day moving average is $86.41 and its 200-day moving average is $85.86. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.67 and a current ratio of 1.02.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts expect that Colgate-Palmolive Company will post 3.82 earnings per share for the current fiscal year.

Colgate-Palmolive Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, April 20th were given a dividend of $0.53 per share. This is a boost from Colgate-Palmolive’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, April 20th. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. Colgate-Palmolive’s payout ratio is 82.49%.

Colgate-Palmolive Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.