Fisher Asset Management LLC Increases Stock Holdings in Colgate-Palmolive Company $CL

Fisher Asset Management LLC lifted its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 50.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,202 shares of the company’s stock after buying an additional 13,106 shares during the quarter. Fisher Asset Management LLC’s holdings in Colgate-Palmolive were worth $3,098,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Maseco LLP purchased a new stake in shares of Colgate-Palmolive during the 4th quarter valued at about $27,000. Cloud Capital Management LLC purchased a new stake in Colgate-Palmolive during the 3rd quarter worth approximately $30,000. Global Wealth Strategies & Associates increased its holdings in Colgate-Palmolive by 300.0% during the 4th 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 last quarter. Grove Bank & Trust increased its holdings in Colgate-Palmolive by 182.6% during the 4th quarter. Grove Bank & Trust now owns 407 shares of the company’s stock worth $32,000 after purchasing an additional 263 shares during the last quarter. Finally, Camelot Portfolios LLC purchased a new stake in Colgate-Palmolive during the 4th quarter worth approximately $32,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Colgate-Palmolive Price Performance

Shares of NYSE CL opened at $91.69 on Friday. Colgate-Palmolive Company has a twelve month low of $74.54 and a twelve month high of $99.33. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 16.33. The company has a market capitalization of $73.37 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 4.74 and a beta of 0.31. The business has a 50 day simple moving average of $86.24 and a 200-day simple moving average of $85.60.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results 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. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the business earned $0.91 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts expect that Colgate-Palmolive Company will post 3.82 earnings per share for the current year.

Colgate-Palmolive Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, April 20th were issued a $0.53 dividend. This is a positive change from Colgate-Palmolive’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, April 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.3%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 82.49%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CL. Bank of America dropped their price objective on Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, April 10th. UBS Group lifted their price objective on Colgate-Palmolive from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. The Goldman Sachs Group restated a “buy” rating on shares of Colgate-Palmolive in a report on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating and set a $102.00 price objective on shares of Colgate-Palmolive in a report on Monday, May 4th. Finally, Jefferies Financial Group lifted their price objective on Colgate-Palmolive from $85.00 to $91.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.88.

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.