AMI Investment Management Inc. Invests $1.13 Million in Colgate-Palmolive Company $CL

AMI Investment Management Inc. acquired a new stake in Colgate-Palmolive Company (NYSE:CL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,273 shares of the company’s stock, valued at approximately $1,128,000.

Other hedge funds have also recently bought and sold shares of the company. Copia Wealth Management purchased a new position in Colgate-Palmolive during the 3rd quarter valued at about $29,000. Cloud Capital Management LLC purchased a new stake in Colgate-Palmolive during the third quarter worth about $30,000. Global Wealth Strategies & Associates lifted its position in shares of Colgate-Palmolive by 300.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 400 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of Colgate-Palmolive by 182.6% in the fourth quarter. Grove Bank & Trust now owns 407 shares of the company’s stock valued at $32,000 after purchasing an additional 263 shares during the period. Finally, Kelleher Financial Advisors purchased a new position in shares of Colgate-Palmolive in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Insider Activity at Colgate-Palmolive

In other news, CFO Stanley J. Sutula III sold 97,843 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $94.27, for a total value of $9,223,659.61. Following the completion of the transaction, the chief financial officer owned 55,310 shares in the company, valued at approximately $5,214,073.70. This represents a 63.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Hazlin sold 20,989 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $94.25, for a total transaction of $1,978,213.25. Following the completion of the transaction, the insider directly owned 17,645 shares in the company, valued at $1,663,041.25. This trade represents a 54.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 184,683 shares of company stock worth $17,486,693 over the last 90 days. 0.34% of the stock is owned by corporate insiders.

Colgate-Palmolive Trading Up 0.1%

CL opened at $84.25 on Friday. Colgate-Palmolive Company has a one year low of $74.54 and a one year high of $99.33. The company has a market cap of $67.59 billion, a P/E ratio of 32.16, a PEG ratio of 3.78 and a beta of 0.28. The company has a debt-to-equity ratio of 18.82, a quick ratio of 0.54 and a current ratio of 0.83. The business’s 50-day simple moving average is $91.11 and its 200-day simple moving average is $83.37.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, January 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.13 billion. Colgate-Palmolive had a return on equity of 353.72% and a net margin of 10.45%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, equities research analysts expect that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 20th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, April 20th. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. This is a boost from Colgate-Palmolive’s previous quarterly dividend of $0.52. Colgate-Palmolive’s payout ratio is presently 80.92%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Colgate-Palmolive from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Sunday, February 1st. Argus reissued a “hold” rating on shares of Colgate-Palmolive in a research report on Thursday, December 11th. UBS Group boosted their price target on shares of Colgate-Palmolive from $90.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $100.00 price objective on shares of Colgate-Palmolive in a research note on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Colgate-Palmolive in a report on Wednesday, January 21st. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.75.

Colgate-Palmolive Company Profile

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.