Colgate-Palmolive Company $CL Shares Sold by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments trimmed its position in shares of Colgate-Palmolive Company (NYSE:CL) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 764,344 shares of the company’s stock after selling 33,102 shares during the period. Colgate-Palmolive makes up 1.8% of BLI Banque de Luxembourg Investments’ investment portfolio, making the stock its 12th largest position. BLI Banque de Luxembourg Investments’ holdings in Colgate-Palmolive were worth $60,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CL. Providence Capital Advisors LLC acquired a new stake in Colgate-Palmolive during the third quarter valued at approximately $5,373,000. ProShare Advisors LLC raised its holdings in shares of Colgate-Palmolive by 11.0% during the third quarter. ProShare Advisors LLC now owns 2,047,542 shares of the company’s stock valued at $163,681,000 after acquiring an additional 202,379 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Colgate-Palmolive by 18.0% during the third quarter. Envestnet Asset Management Inc. now owns 800,554 shares of the company’s stock valued at $63,996,000 after acquiring an additional 122,202 shares during the period. Citigroup Inc. raised its holdings in shares of Colgate-Palmolive by 43.7% during the third quarter. Citigroup Inc. now owns 1,346,590 shares of the company’s stock valued at $107,646,000 after acquiring an additional 409,710 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of Colgate-Palmolive by 35.3% during the fourth quarter. Teacher Retirement System of Texas now owns 469,624 shares of the company’s stock valued at $37,110,000 after acquiring an additional 122,634 shares during the period. 80.41% of the stock is owned by institutional investors and hedge funds.

Colgate-Palmolive Stock Down 2.9%

Colgate-Palmolive stock opened at $86.01 on Tuesday. The firm has a market cap of $68.83 billion, a PE ratio of 33.47, a P/E/G ratio of 4.60 and a beta of 0.33. 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 firm’s 50 day moving average price is $86.53 and its two-hundred day moving average price is $86.03. Colgate-Palmolive Company has a twelve month low of $74.54 and a twelve month high of $99.33.

Colgate-Palmolive (NYSE:CL) last posted 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. The company had revenue of $5.32 billion during 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 company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, research analysts predict that Colgate-Palmolive Company will post 3.82 EPS for the current fiscal year.

Colgate-Palmolive Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, April 20th were given a $0.53 dividend. This is a positive change from Colgate-Palmolive’s previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, April 20th. Colgate-Palmolive’s payout ratio is presently 82.49%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CL. TD Cowen restated a “hold” rating and set a $85.00 price target on shares of Colgate-Palmolive in a report on Tuesday, March 31st. Morgan Stanley restated an “overweight” rating on shares of Colgate-Palmolive in a report on Monday, May 4th. Wall Street Zen lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Wells Fargo & Company cut their price target on shares of Colgate-Palmolive from $100.00 to $92.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Finally, Rothschild & Co Redburn set a $100.00 price target on shares of Colgate-Palmolive and gave the company a “buy” rating in a report on Tuesday, April 21st. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Colgate-Palmolive currently has a consensus rating of “Moderate Buy” and a consensus price target 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.