Colgate-Palmolive (NYSE:CL) Stock Position Lifted by Annex Advisory Services LLC

Annex Advisory Services LLC boosted its position in Colgate-Palmolive (NYSE:CL - Free Report) by 41.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 108,990 shares of the company's stock after purchasing an additional 32,085 shares during the quarter. Annex Advisory Services LLC's holdings in Colgate-Palmolive were worth $10,212,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in Colgate-Palmolive in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC bought a new stake in Colgate-Palmolive in the 4th quarter valued at about $27,000. Vermillion Wealth Management Inc. bought a new stake in Colgate-Palmolive in the 4th quarter valued at about $31,000. Union Bancaire Privee UBP SA bought a new stake in shares of Colgate-Palmolive during the 4th quarter worth about $32,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Colgate-Palmolive during the 4th quarter worth about $32,000. 80.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CL. Citigroup boosted their price target on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. UBS Group boosted their price target on shares of Colgate-Palmolive from $105.00 to $109.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Barclays dropped their price target on shares of Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Wall Street Zen downgraded shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Colgate-Palmolive from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $102.12.

Colgate-Palmolive Trading Up 0.0%

Shares of Colgate-Palmolive stock traded up $0.03 during trading on Friday, hitting $90.18. The stock had a trading volume of 4,716,460 shares, compared to its average volume of 4,720,589. The stock has a 50 day simple moving average of $91.77 and a 200 day simple moving average of $91.15. The company has a market capitalization of $73.08 billion, a PE ratio of 25.62, a P/E/G ratio of 4.20 and a beta of 0.38. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 13.40. Colgate-Palmolive has a 1 year low of $85.32 and a 1 year high of $109.30.

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, topping the consensus estimate of $0.86 by $0.05. The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.92 billion. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. On average, research analysts expect that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th were given a $0.52 dividend. This is an increase from Colgate-Palmolive's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, April 17th. Colgate-Palmolive's dividend payout ratio (DPR) is 58.76%.

Colgate-Palmolive declared that its board has authorized a stock repurchase program on Thursday, March 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Colgate-Palmolive Company 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.