grace capital Grows Position in Colgate-Palmolive (CL)
grace capital boosted its holdings in Colgate-Palmolive (NYSE:CL) by 177.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,500 shares of the company’s stock after purchasing an additional 1,600 shares during the period. grace capital’s holdings in Colgate-Palmolive were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its position in Colgate-Palmolive by 16.6% during the 3rd quarter. Janus Henderson Group PLC now owns 461,370 shares of the company’s stock worth $30,888,000 after buying an additional 65,628 shares during the last quarter. Bank of New York Mellon Corp raised its position in Colgate-Palmolive by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,359,199 shares of the company’s stock worth $1,363,050,000 after buying an additional 223,814 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in Colgate-Palmolive by 9.3% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 25,381 shares of the company’s stock worth $1,699,000 after buying an additional 2,170 shares during the last quarter. Korea Investment CORP raised its position in Colgate-Palmolive by 64.1% during the 3rd quarter. Korea Investment CORP now owns 664,239 shares of the company’s stock worth $44,471,000 after buying an additional 259,399 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Colgate-Palmolive during the 3rd quarter worth $3,351,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.
CL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Morgan Stanley set a $62.00 price objective on shares of Colgate-Palmolive and gave the stock a “hold” rating in a research report on Tuesday, January 29th. BNP Paribas upgraded shares of Colgate-Palmolive from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $56.00 to $67.00 in a research report on Monday, February 11th. Wells Fargo & Co restated a “hold” rating and set a $57.00 price objective on shares of Colgate-Palmolive in a research report on Friday, January 25th. Finally, Jefferies Financial Group restated a “hold” rating and set a $61.00 price objective on shares of Colgate-Palmolive in a research report on Friday, February 1st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $65.47.
NYSE:CL opened at $66.92 on Wednesday. The company has a debt-to-equity ratio of 32.25, a quick ratio of 0.76 and a current ratio of 1.14. Colgate-Palmolive has a fifty-two week low of $57.41 and a fifty-two week high of $72.61. The firm has a market cap of $57.66 billion, a PE ratio of 22.53, a P/E/G ratio of 4.28 and a beta of 0.78.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, January 25th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. Colgate-Palmolive had a net margin of 15.44% and a return on equity of 25,268.29%. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that Colgate-Palmolive will post 2.83 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, April 17th. This is a boost from Colgate-Palmolive’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.57%. Colgate-Palmolive’s dividend payout ratio is 56.57%.
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Colgate-Palmolive Company Profile
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. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.
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