Colgate-Palmolive Company $CL Position Raised by Fiera Capital Corp

Fiera Capital Corp increased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,029,722 shares of the company’s stock after purchasing an additional 12,484 shares during the period. Fiera Capital Corp owned 0.13% of Colgate-Palmolive worth $81,369,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Syon Capital LLC increased its holdings in shares of Colgate-Palmolive by 162.6% in the fourth quarter. Syon Capital LLC now owns 29,094 shares of the company’s stock valued at $2,299,000 after buying an additional 18,015 shares in the last quarter. Havemeyer Place LP bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at $630,000. MCF Advisors LLC increased its holdings in shares of Colgate-Palmolive by 121.7% in the fourth quarter. MCF Advisors LLC now owns 909 shares of the company’s stock valued at $72,000 after buying an additional 499 shares in the last quarter. OneAscent Financial Services LLC increased its holdings in shares of Colgate-Palmolive by 22.4% in the fourth quarter. OneAscent Financial Services LLC now owns 4,649 shares of the company’s stock valued at $367,000 after buying an additional 851 shares in the last quarter. Finally, Pinebridge Investments LLC bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at $22,164,000. Institutional investors own 80.41% of the company’s stock.

Colgate-Palmolive Trading Up 0.0%

Colgate-Palmolive stock opened at $88.61 on Monday. The company’s fifty day simple moving average is $86.49 and its 200-day simple moving average is $85.98. The company has a quick ratio of 0.67, a current ratio of 1.02 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 stock has a market cap of $70.91 billion, a P/E ratio of 34.48, a P/E/G ratio of 4.60 and a beta of 0.33.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the company posted $0.91 EPS. Colgate-Palmolive’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Colgate-Palmolive Company will post 3.82 EPS for the current fiscal year.

Colgate-Palmolive Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, April 20th were issued a dividend of $0.53 per share. The ex-dividend date was Monday, April 20th. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. This is an increase from Colgate-Palmolive’s previous quarterly dividend of $0.52. Colgate-Palmolive’s dividend payout ratio is presently 82.49%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Morgan Stanley reiterated an “overweight” rating on shares of Colgate-Palmolive in a research report on Monday, May 4th. Barclays lifted their price objective on shares of Colgate-Palmolive from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price objective on shares of Colgate-Palmolive from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Bank of America lowered their price objective on shares of Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.88.

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.