Advyzon Investment Management LLC Acquires Shares of 3,011 Colgate-Palmolive Company (NYSE:CL)

Key Points

• Advyzon Investment Management LLC acquired a new stake of 3,011 shares in Colgate-Palmolive, valued at approximately $282,000, during the first quarter of the year.
• Colgate-Palmolive reported an EPS of $0.92 for its most recent quarter, surpassing analyst expectations of $0.89, with revenue also exceeding estimates at $5.11 billion.
• The company announced a quarterly dividend of $0.52, reflecting an annualized dividend of $2.08 and a yield of 2.5%.

Advyzon Investment Management LLC acquired a new stake in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,011 shares of the company's stock, valued at approximately $282,000.

A number of other institutional investors have also recently made changes to their positions in CL. Westend Capital Management LLC boosted its holdings in Colgate-Palmolive by 111.1% in the first quarter. Westend Capital Management LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 140 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Colgate-Palmolive by 1,913.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 302 shares of the company's stock valued at $28,000 after purchasing an additional 287 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of Colgate-Palmolive in the 4th quarter valued at approximately $31,000. Accredited Wealth Management LLC acquired a new stake in Colgate-Palmolive in the 4th quarter worth approximately $34,000. Finally, Bernard Wealth Management Corp. purchased a new stake in Colgate-Palmolive during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 80.41% of the company's stock.

Wall Street Analysts Forecast Growth

CL has been the subject of a number of research analyst reports. Morgan Stanley set a $96.00 price target on shares of Colgate-Palmolive and gave the stock an "overweight" rating in a report on Monday. Citigroup reduced their target price on Colgate-Palmolive from $108.00 to $105.00 and set a "buy" rating for the company in a research note on Monday. Wall Street Zen lowered Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Wells Fargo & Company dropped their target price on Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Colgate-Palmolive from $99.00 to $95.00 and set an "overweight" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $98.92.

Colgate-Palmolive Stock Performance

Colgate-Palmolive stock traded down $0.00 during mid-day trading on Friday, hitting $84.71. The company had a trading volume of 4,133,894 shares, compared to its average volume of 4,850,591. The company has a market capitalization of $68.46 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 4.41 and a beta of 0.35. Colgate-Palmolive Company has a 12-month low of $82.40 and a 12-month high of $109.30. The company's fifty day moving average is $88.92 and its 200-day moving average is $90.15. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 6.79.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, July 18th. Colgate-Palmolive's payout ratio is currently 58.43%.

Colgate-Palmolive Profile

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.