Colgate-Palmolive Company (NYSE:CL) Stock Holdings Lifted by Money Concepts Capital Corp

Money Concepts Capital Corp increased its holdings in Colgate-Palmolive Company (NYSE:CL - Free Report) by 8.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 41,568 shares of the company's stock after buying an additional 3,239 shares during the period. Money Concepts Capital Corp's holdings in Colgate-Palmolive were worth $3,895,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CL. Norges Bank bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $912,375,000. Diamond Hill Capital Management Inc. acquired a new stake in Colgate-Palmolive in the fourth quarter worth approximately $348,718,000. AMF Tjanstepension AB boosted its stake in Colgate-Palmolive by 1,088.8% during the fourth quarter. AMF Tjanstepension AB now owns 2,569,394 shares of the company's stock valued at $233,584,000 after buying an additional 2,353,268 shares in the last quarter. Deutsche Bank AG grew its holdings in Colgate-Palmolive by 35.6% during the fourth quarter. Deutsche Bank AG now owns 6,922,994 shares of the company's stock worth $629,369,000 after acquiring an additional 1,816,865 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $132,405,000. Institutional investors own 80.41% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CL. Wells Fargo & Company boosted their target price on Colgate-Palmolive from $83.00 to $88.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 2nd. UBS Group raised their price objective on shares of Colgate-Palmolive from $105.00 to $109.00 and gave the stock 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. Barclays lowered their price target on Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. increased their price objective on Colgate-Palmolive from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $101.69.

Colgate-Palmolive Stock Performance

CL opened at $87.85 on Friday. The firm has a market capitalization of $71.19 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 4.66 and a beta of 0.38. Colgate-Palmolive Company has a 12-month low of $85.32 and a 12-month high of $109.30. The stock's 50 day moving average price is $90.99 and its two-hundred day moving average price is $90.64. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 8.96.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Colgate-Palmolive had a return on equity of 461.04% and a net margin of 14.52%. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the firm earned $0.86 EPS. Colgate-Palmolive's revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities analysts forecast that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

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. This represents a $2.08 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, July 18th. Colgate-Palmolive's dividend payout ratio is currently 58.76%.

Colgate-Palmolive announced that its Board of Directors has authorized a share buyback plan on Thursday, March 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.