Integrated Advisors Network LLC Invests $2.52 Million in Colgate-Palmolive Company $CL

Integrated Advisors Network LLC bought a new stake in shares of Colgate-Palmolive Company (NYSE:CL) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 29,554 shares of the company’s stock, valued at approximately $2,519,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Cypress Capital LLC grew its position in Colgate-Palmolive by 26.8% during the first quarter. Cypress Capital LLC now owns 19,257 shares of the company’s stock worth $1,641,000 after buying an additional 4,065 shares in the last quarter. Busey Bank lifted its position in shares of Colgate-Palmolive by 0.6% in the 1st quarter. Busey Bank now owns 173,131 shares of the company’s stock worth $14,756,000 after acquiring an additional 959 shares during the period. Collaborative Fund Advisors LLC bought a new stake in shares of Colgate-Palmolive during the first quarter valued at approximately $539,000. Kathmere Capital Management LLC raised its stake in shares of Colgate-Palmolive by 4.9% in the first quarter. Kathmere Capital Management LLC now owns 14,579 shares of the company’s stock valued at $1,243,000 after purchasing an additional 686 shares in the last quarter. Finally, DGS Capital Management LLC lifted its position in Colgate-Palmolive by 37.0% in the first quarter. DGS Capital Management LLC now owns 14,331 shares of the company’s stock worth $1,221,000 after purchasing an additional 3,874 shares during the period. 80.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CL shares. The Goldman Sachs Group reissued a “buy” rating on shares of Colgate-Palmolive in a research report on Friday, May 1st. UBS Group increased their price objective on Colgate-Palmolive from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $102.00 price target on shares of Colgate-Palmolive in a research note on Monday, May 4th. Rothschild & Co Redburn set a $100.00 price objective on Colgate-Palmolive and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Colgate-Palmolive in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.88.

Colgate-Palmolive Trading Up 1.8%

CL opened at $95.05 on Wednesday. The stock has a market capitalization of $76.06 billion, a P/E ratio of 36.98, a P/E/G ratio of 4.92 and a beta of 0.33. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 16.33. Colgate-Palmolive Company has a 12 month low of $74.54 and a 12 month high of $99.33. The firm’s fifty day simple moving average is $89.47 and its 200 day simple moving average is $87.88.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. As a group, research analysts anticipate that Colgate-Palmolive Company will post 3.81 EPS 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. This represents a $2.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, July 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 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.