Brown Advisory Inc. Has $47.13 Million Stock Position in Colgate-Palmolive Company (NYSE:CL)

Brown Advisory Inc. reduced its position in Colgate-Palmolive Company (NYSE:CL - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 502,981 shares of the company's stock after selling 3,092 shares during the period. Brown Advisory Inc. owned about 0.06% of Colgate-Palmolive worth $47,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CL. Westend Capital Management LLC raised 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 valued at $25,000 after acquiring an additional 140 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in Colgate-Palmolive in the 4th quarter valued at $31,000. Briaud Financial Planning Inc purchased a new position in Colgate-Palmolive in the 4th quarter valued at $32,000. Wintrust Investments LLC purchased a new stake in shares of Colgate-Palmolive during the 4th quarter worth $33,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Colgate-Palmolive during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 80.41% of the company's stock.

Wall Street Analyst Weigh In

CL has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Colgate-Palmolive from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. UBS Group boosted their target price on shares of Colgate-Palmolive from $105.00 to $109.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Citigroup boosted their target price on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Wall Street Zen downgraded shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company boosted their target price on shares of Colgate-Palmolive from $83.00 to $88.00 and gave the company an "underweight" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $101.69.

Colgate-Palmolive Trading Down 1.0%

Shares of CL traded down $0.95 during trading hours on Thursday, hitting $90.63. 4,531,922 shares of the stock traded hands, compared to its average volume of 4,847,121. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 8.96. Colgate-Palmolive Company has a 1-year low of $85.32 and a 1-year high of $109.30. The firm has a market capitalization of $73.45 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 4.85 and a beta of 0.37. The business has a fifty day moving average of $90.65 and a 200-day moving average of $90.55.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.92 billion. Colgate-Palmolive had a return on equity of 461.04% and a net margin of 14.52%. The company's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Analysts expect that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.08 annualized dividend and a yield of 2.30%. Colgate-Palmolive's payout ratio is currently 58.76%.

Colgate-Palmolive declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

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.