Colgate-Palmolive Company (NYSE:CL) Shares Acquired by Davis R M Inc.

Key Points

• Davis R M Inc. increased its holdings in Colgate-Palmolive by 9.2%, bringing its total shares to 214,404 and valuing its stake at approximately $20.09 million.
• Colgate-Palmolive announced a quarterly dividend of $0.52 per share, with a dividend yield of 2.43%, set to be paid on August 15th.
• Major research firms have adjusted their ratings on Colgate-Palmolive, with consensus ratings indicating a "Hold" status and a target price of approximately $100.58.

Davis R M Inc. raised its holdings in Colgate-Palmolive Company (NYSE:CL - Free Report) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 214,404 shares of the company's stock after acquiring an additional 18,037 shares during the period. Davis R M Inc.'s holdings in Colgate-Palmolive were worth $20,090,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CL. Westend Capital Management LLC raised its holdings in Colgate-Palmolive by 111.1% in the 1st quarter. Westend Capital Management LLC now owns 266 shares of the company's stock valued at $25,000 after acquiring an additional 140 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in 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 acquiring an additional 287 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in Colgate-Palmolive in the 4th quarter valued at about $31,000. Bernard Wealth Management Corp. acquired a new stake in Colgate-Palmolive in the 4th quarter valued at about $33,000. Finally, Accredited Wealth Management LLC acquired a new stake in Colgate-Palmolive in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 80.41% of the company's stock.

Analyst Upgrades and Downgrades

CL has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Colgate-Palmolive from $103.00 to $99.00 and set an "overweight" rating for the company in a research note on Friday, July 25th. UBS Group dropped their price target on shares of Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Barclays increased their price target 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. Wall Street Zen cut shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Citigroup increased their price target 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $100.58.

Colgate-Palmolive Stock Down 0.4%

Colgate-Palmolive stock traded down $0.34 during mid-day trading on Friday, reaching $83.51. 9,606,667 shares of the company's stock were exchanged, compared to its average volume of 4,420,865. The company has a market cap of $67.68 billion, a P/E ratio of 23.59, a P/E/G ratio of 4.32 and a beta of 0.37. Colgate-Palmolive Company has a twelve month low of $82.70 and a twelve month high of $109.30. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 8.96. The company has a fifty day moving average of $89.59 and a 200-day moving average of $90.28.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its 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. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.03 billion. Colgate-Palmolive had a net margin of 14.52% and a return on equity of 461.04%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. Sell-side analysts expect that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, July 18th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Colgate-Palmolive's dividend payout ratio is 58.76%.

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.