Gator Capital Management LLC Buys New Position in Colgate-Palmolive Company $CL

Gator Capital Management LLC bought a new stake in shares of Colgate-Palmolive Company (NYSE:CL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,910 shares of the company’s stock, valued at approximately $1,731,000.

Several other large investors also recently added to or reduced their stakes in CL. CBIZ Investment Advisory Services LLC boosted its position in shares of Colgate-Palmolive by 86.7% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 150 shares during the period. Triumph Capital Management boosted its position in shares of Colgate-Palmolive by 62.9% in the fourth quarter. Triumph Capital Management now owns 329 shares of the company’s stock worth $26,000 after purchasing an additional 127 shares during the period. Jessup Wealth Management Inc bought a new position in shares of Colgate-Palmolive in the fourth quarter worth approximately $26,000. Maseco LLP bought a new position in shares of Colgate-Palmolive in the fourth quarter worth approximately $27,000. Finally, Global Wealth Strategies & Associates boosted its position in shares of Colgate-Palmolive by 300.0% in 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 during the period. 80.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CL has been the subject of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Colgate-Palmolive in a research report on Thursday. They issued a “market perform” rating and a $96.00 price target for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $102.00 price target on shares of Colgate-Palmolive in a research report on Monday, May 4th. Rothschild & Co Redburn set a $100.00 price target on shares of Colgate-Palmolive and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley reiterated an “overweight” rating on shares of Colgate-Palmolive in a research report on Monday, May 4th. Finally, Wells Fargo & Company dropped their price target on shares of Colgate-Palmolive from $100.00 to $92.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.88.

Colgate-Palmolive Price Performance

CL stock opened at $89.40 on Friday. Colgate-Palmolive Company has a one year low of $74.54 and a one year high of $99.33. The company’s fifty day moving average price is $86.85 and its 200-day moving average price is $86.25. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.67 and a current ratio of 1.02. The company has a market capitalization of $71.54 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 4.71 and a beta of 0.33.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, topping 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 firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that Colgate-Palmolive Company will post 3.81 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, July 20th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, July 20th. Colgate-Palmolive’s payout ratio is 82.49%.

Colgate-Palmolive 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.