Sanctuary Advisors LLC Buys 17,577 Shares of Colgate-Palmolive Company $CL

Sanctuary Advisors LLC raised its position in shares of Colgate-Palmolive Company (NYSE:CL) by 22.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,947 shares of the company’s stock after purchasing an additional 17,577 shares during the period. Sanctuary Advisors LLC’s holdings in Colgate-Palmolive were worth $8,263,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Colgate-Palmolive during the 4th quarter valued at about $861,670,000. Northwestern Mutual Wealth Management Co. grew its position in Colgate-Palmolive by 8,040.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,655,987 shares of the company’s stock valued at $380,666,000 after acquiring an additional 4,598,789 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Colgate-Palmolive during the fourth quarter valued at approximately $236,682,000. Deutsche Bank AG raised its stake in shares of Colgate-Palmolive by 33.9% during the fourth quarter. Deutsche Bank AG now owns 10,845,857 shares of the company’s stock worth $857,040,000 after acquiring an additional 2,746,920 shares in the last quarter. Finally, Diamant Asset Management Inc. lifted its holdings in shares of Colgate-Palmolive by 8,123.0% in the 1st quarter. Diamant Asset Management Inc. now owns 2,359,166 shares of the company’s stock worth $201,072,000 after acquiring an additional 2,330,476 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CL shares. Citigroup increased their target price on shares of Colgate-Palmolive from $105.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group boosted their price target on shares of Colgate-Palmolive from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $99.00 price target on shares of Colgate-Palmolive in a research report on Monday, May 4th. Wall Street Zen downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Finally, Bank of America lowered their target price on Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Colgate-Palmolive has a consensus rating of “Moderate Buy” and an average price target of $97.41.

Colgate-Palmolive Trading Down 1.3%

Shares of CL opened at $92.84 on Friday. The stock has a market capitalization of $74.29 billion, a P/E ratio of 36.12, a PEG ratio of 4.96 and a beta of 0.33. Colgate-Palmolive Company has a twelve month low of $74.54 and a twelve month high of $99.33. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33. The firm has a fifty day simple moving average of $90.46 and a two-hundred day simple moving average of $88.54.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. On average, research analysts anticipate that Colgate-Palmolive Company will post 3.81 EPS for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 20th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. Colgate-Palmolive’s dividend payout ratio is presently 82.49%.

Colgate-Palmolive Company 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.