Blue Rock Wealth Management LLC Invests $526,000 in Colgate-Palmolive Company $CL

Key Points

• Blue Rock Wealth Management LLC acquired 5,616 shares of Colgate-Palmolive Company valued at approximately $526,000 in the first quarter.
• Colgate-Palmolive's quarterly earnings report showed an EPS of $0.92, exceeding expectations, with revenues of $5.11 billion, marking a year-over-year increase.
• A recent dividend of $0.52 per share was paid, resulting in an annualized dividend of $2.08, giving the company a dividend yield of 2.5%.

Blue Rock Wealth Management LLC bought a new stake in Colgate-Palmolive Company (NYSE:CL - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 5,616 shares of the company's stock, valued at approximately $526,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westend Capital Management LLC lifted its position in Colgate-Palmolive by 111.1% during the 1st quarter. Westend Capital Management LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 140 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Colgate-Palmolive by 1,913.3% during the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company's stock valued at $28,000 after buying an additional 287 shares during the last quarter. Saudi Central Bank acquired a new position in shares of Colgate-Palmolive during the first quarter valued at about $29,000. Vermillion Wealth Management Inc. acquired a new position in shares of Colgate-Palmolive during the fourth quarter valued at about $31,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Colgate-Palmolive during the first quarter valued at about $33,000. Institutional investors and hedge funds own 80.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CL shares. Barclays upped their target price on shares of Colgate-Palmolive from $86.00 to $87.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. UBS Group lowered their target price on shares of Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Morgan Stanley lowered their target price on shares of Colgate-Palmolive from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Citigroup lowered their target price on shares of Colgate-Palmolive from $108.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Finally, Wells Fargo & Company reduced their price target on shares of Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Colgate-Palmolive has an average rating of "Moderate Buy" and a consensus target price of $98.00.

Colgate-Palmolive Trading Down 0.8%

Shares of CL traded down $0.71 on Friday, reaching $83.35. 3,169,120 shares of the company's stock were exchanged, compared to its average volume of 4,484,784. Colgate-Palmolive Company has a 12 month low of $82.29 and a 12 month high of $106.26. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79. The stock has a market capitalization of $67.37 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 4.37 and a beta of 0.35. The business has a 50 day moving average price of $85.95 and a two-hundred day moving average price of $89.54.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business's quarterly revenue was up 1.0% on a year-over-year basis. Research analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Colgate-Palmolive's dividend payout ratio is presently 58.43%.

About Colgate-Palmolive

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.