O Shaughnessy Asset Management LLC Raises Stock Holdings in Colgate-Palmolive Company $CL

O Shaughnessy Asset Management LLC grew its stake in Colgate-Palmolive Company (NYSE:CL) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,806 shares of the company’s stock after buying an additional 18,996 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Colgate-Palmolive were worth $18,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hilton Head Capital Partners LLC purchased a new stake in Colgate-Palmolive in the fourth quarter worth about $596,000. Fiera Capital Corp increased its position in Colgate-Palmolive by 1.2% in the fourth quarter. Fiera Capital Corp now owns 1,029,722 shares of the company’s stock worth $81,369,000 after buying an additional 12,484 shares in the last quarter. Syon Capital LLC grew its position in shares of Colgate-Palmolive by 162.6% during the fourth quarter. Syon Capital LLC now owns 29,094 shares of the company’s stock worth $2,299,000 after purchasing an additional 18,015 shares in the last quarter. Havemeyer Place LP purchased a new stake in shares of Colgate-Palmolive during the fourth quarter worth about $630,000. Finally, MCF Advisors LLC grew its position in shares of Colgate-Palmolive by 121.7% during the fourth quarter. MCF Advisors LLC now owns 909 shares of the company’s stock worth $72,000 after purchasing an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CL has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Colgate-Palmolive from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Piper Sandler cut their target price on Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Barclays increased their target price on Colgate-Palmolive from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Wells Fargo & Company cut their target price on Colgate-Palmolive from $100.00 to $92.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, Rothschild & Co Redburn set a $100.00 target price on Colgate-Palmolive and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Colgate-Palmolive has an average rating of “Moderate Buy” and a consensus target price of $95.88.

Colgate-Palmolive Stock Performance

Colgate-Palmolive stock opened at $87.74 on Wednesday. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.67 and a current ratio of 1.02. The company has a 50 day moving average price of $86.60 and a 200-day moving average price of $86.09. The company has a market capitalization of $70.21 billion, a PE ratio of 34.14, a P/E/G ratio of 4.47 and a beta of 0.33. Colgate-Palmolive Company has a fifty-two week low of $74.54 and a fifty-two week high of $99.33.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. As a group, equities analysts forecast that Colgate-Palmolive Company will post 3.82 earnings per share for the current year.

Colgate-Palmolive Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, April 20th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, April 20th. This is a positive change from Colgate-Palmolive’s previous quarterly dividend of $0.52. Colgate-Palmolive’s dividend payout ratio is presently 82.49%.

About Colgate-Palmolive

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.