Colgate-Palmolive (NYSE:CL) Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. boosted its holdings in Colgate-Palmolive (NYSE:CL) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,585 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Phoenix Financial Ltd.’s holdings in Colgate-Palmolive were worth $235,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC boosted its holdings in shares of Colgate-Palmolive by 16.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 6,752 shares of the company’s stock valued at $591,000 after acquiring an additional 943 shares in the last quarter. Peak Financial Advisors LLC acquired a new stake in Colgate-Palmolive in the fourth quarter worth approximately $1,315,000. Aviva PLC boosted its stake in Colgate-Palmolive by 13.4% during the 4th quarter. Aviva PLC now owns 973,421 shares of the company’s stock valued at $88,494,000 after purchasing an additional 114,855 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Colgate-Palmolive during the 4th quarter valued at $4,066,000. Finally, Impact Partnership Wealth LLC bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth $803,000. Institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. StockNews.com raised Colgate-Palmolive from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. TD Cowen cut their target price on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price target on Colgate-Palmolive from $83.00 to $88.00 and gave the company an “underweight” rating in a research report on Wednesday, April 2nd. Finally, Barclays cut their price objective on Colgate-Palmolive from $89.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.67.

Colgate-Palmolive Price Performance

NYSE CL opened at $93.99 on Friday. Colgate-Palmolive has a fifty-two week low of $85.32 and a fifty-two week high of $109.30. The stock’s 50-day moving average is $90.48 and its two-hundred day moving average is $92.65. The firm has a market cap of $76.24 billion, a P/E ratio of 26.70, a price-to-earnings-growth ratio of 4.20 and a beta of 0.40. The company has a debt-to-equity ratio of 13.40, a current ratio of 0.92 and a quick ratio of 0.58.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. During the same period in the previous year, the business earned $0.87 earnings per share. On average, analysts anticipate that Colgate-Palmolive will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 17th will be given a $0.52 dividend. This is an increase from Colgate-Palmolive’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, April 17th. Colgate-Palmolive’s payout ratio is currently 59.09%.

Colgate-Palmolive announced that its board has authorized a stock buyback plan on Thursday, March 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Colgate-Palmolive Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.