Colgate-Palmolive Company $CL Shares Purchased by Resources Management Corp CT ADV

Resources Management Corp CT ADV increased its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 209.1% in the 4th quarter, HoldingsChannel reports. The firm owned 8,606 shares of the company’s stock after purchasing an additional 5,822 shares during the period. Resources Management Corp CT ADV’s holdings in Colgate-Palmolive were worth $680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC grew its stake in Colgate-Palmolive by 86.7% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Triumph Capital Management grew its stake in Colgate-Palmolive by 62.9% during the 4th quarter. Triumph Capital Management now owns 329 shares of the company’s stock worth $26,000 after purchasing an additional 127 shares in the last quarter. Jessup Wealth Management Inc acquired a new position in Colgate-Palmolive during the 4th quarter worth $26,000. Maseco LLP acquired a new position in Colgate-Palmolive during the 4th quarter worth $27,000. Finally, Motiv8 Investments LLC acquired a new position in Colgate-Palmolive during the 4th quarter worth $27,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Sanford C. Bernstein assumed coverage on Colgate-Palmolive in a research report on Thursday. They set a “market perform” rating and a $96.00 price objective for the company. TD Cowen reaffirmed a “hold” rating and set a $85.00 price objective on shares of Colgate-Palmolive in a research report on Tuesday, March 31st. Barclays upped their price objective 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. Morgan Stanley reaffirmed an “overweight” rating on shares of Colgate-Palmolive in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Colgate-Palmolive in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.88.

Colgate-Palmolive Trading Up 1.3%

NYSE:CL opened at $90.59 on Tuesday. The stock has a 50-day simple moving average of $86.96 and a 200-day simple moving average of $86.38. The stock has a market cap of $72.49 billion, a P/E ratio of 35.25, a P/E/G ratio of 4.72 and a beta of 0.33. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $99.33. 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 released its quarterly earnings data on Friday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. As a group, analysts anticipate that Colgate-Palmolive Company will post 3.81 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

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