Landscape Capital Management L.L.C. Invests $3.59 Million in Colgate-Palmolive Company $CL

Landscape Capital Management L.L.C. purchased a new position in shares of Colgate-Palmolive Company (NYSE:CL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 45,389 shares of the company’s stock, valued at approximately $3,587,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Destination Wealth Management raised its position in shares of Colgate-Palmolive by 1.4% during the 4th quarter. Destination Wealth Management now owns 535,282 shares of the company’s stock worth $42,298,000 after purchasing an additional 7,183 shares during the period. Epoch Investment Partners Inc. raised its position in shares of Colgate-Palmolive by 5.0% during the 4th quarter. Epoch Investment Partners Inc. now owns 174,009 shares of the company’s stock worth $13,750,000 after purchasing an additional 8,252 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Colgate-Palmolive by 1.9% during the 4th 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. acquired a new stake in shares of Colgate-Palmolive during the 4th quarter worth approximately $376,000. Finally, Ally Financial Inc. acquired a new stake in shares of Colgate-Palmolive during the 4th quarter worth approximately $1,027,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CL. UBS Group increased their price target on Colgate-Palmolive from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Barclays increased their price target on Colgate-Palmolive from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Bank of America lowered their target price on Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $99.00 target price on shares of Colgate-Palmolive in a research report on Monday, May 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of Colgate-Palmolive in a research report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.88.

Colgate-Palmolive Stock Performance

Shares of NYSE CL opened at $89.40 on Monday. The stock has a fifty day moving average price of $86.85 and a two-hundred day moving average price of $86.30. 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 has a market cap of $71.54 billion, a P/E ratio of 34.79, a PEG ratio of 4.72 and a beta of 0.33. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $99.33.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, May 1st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The company’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. Research analysts forecast that Colgate-Palmolive Company will post 3.81 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

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