Brown Advisory Inc. Cuts Position in Colgate-Palmolive Company $CL

Brown Advisory Inc. lessened its holdings in Colgate-Palmolive Company (NYSE:CL) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 432,644 shares of the company’s stock after selling 9,522 shares during the quarter. Brown Advisory Inc.’s holdings in Colgate-Palmolive were worth $34,187,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in Colgate-Palmolive by 1.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,460,629 shares of the company’s stock worth $431,499,000 after purchasing an additional 101,658 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Colgate-Palmolive in the fourth quarter worth about $376,000. Ally Financial Inc. purchased a new stake in Colgate-Palmolive in the fourth quarter worth about $1,027,000. Jacobi Capital Management LLC grew its holdings in Colgate-Palmolive by 5.8% in the fourth quarter. Jacobi Capital Management LLC now owns 10,543 shares of the company’s stock worth $833,000 after purchasing an additional 581 shares during the period. Finally, CreativeOne Wealth LLC grew its holdings in Colgate-Palmolive by 7.6% in the fourth quarter. CreativeOne Wealth LLC now owns 16,087 shares of the company’s stock worth $1,271,000 after purchasing an additional 1,140 shares during the period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CL has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating on shares of Colgate-Palmolive in a report on Monday, May 4th. Sanford C. Bernstein initiated coverage on shares of Colgate-Palmolive in a report on Thursday. They issued a “market perform” rating and a $96.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $99.00 price objective on shares of Colgate-Palmolive in a report on Monday, May 4th. Weiss Ratings upgraded shares of Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company dropped their target price on shares of Colgate-Palmolive from $100.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.88.

Colgate-Palmolive Stock Up 1.3%

Shares of Colgate-Palmolive stock opened at $90.59 on Tuesday. The company has a market cap of $72.49 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 4.72 and a beta of 0.33. The company’s 50 day moving average is $86.96 and its 200 day moving average is $86.38. Colgate-Palmolive Company has a twelve month low of $74.54 and a twelve month high of $99.33. 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 (NYSE:CL) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.22 billion. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Research analysts anticipate that Colgate-Palmolive Company will post 3.81 EPS for the current year.

Colgate-Palmolive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, July 20th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, July 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. Colgate-Palmolive’s dividend 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.