FORM Wealth Advisors LLC Makes New $359,000 Investment in Colgate-Palmolive Company (NYSE:CL)

FORM Wealth Advisors LLC acquired a new position in Colgate-Palmolive Company (NYSE:CL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,836 shares of the company's stock, valued at approximately $359,000.

Other hedge funds have also modified their holdings of the company. Legacy Advisors LLC raised its position in Colgate-Palmolive by 24.3% during the first quarter. Legacy Advisors LLC now owns 3,371 shares of the company's stock valued at $316,000 after purchasing an additional 659 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Colgate-Palmolive by 5.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 413,948 shares of the company's stock valued at $38,787,000 after purchasing an additional 21,010 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Colgate-Palmolive by 33.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 50,915 shares of the company's stock valued at $4,771,000 after buying an additional 12,646 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Colgate-Palmolive by 69.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 23,854 shares of the company's stock worth $2,235,000 after buying an additional 9,815 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in Colgate-Palmolive by 31.1% during the first quarter. Continuum Advisory LLC now owns 1,171 shares of the company's stock worth $110,000 after buying an additional 278 shares during the period. 80.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CL. Wells Fargo & Company raised their target price on shares of Colgate-Palmolive from $83.00 to $88.00 and gave the stock an "underweight" rating in a report on Wednesday, April 2nd. Citigroup increased their price objective 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 target price on Colgate-Palmolive from $105.00 to $109.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Wall Street Zen downgraded Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Colgate-Palmolive from $95.00 to $103.00 and gave the company an "overweight" rating in a report 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $101.69.

Colgate-Palmolive Stock Up 1.2%

Shares of CL stock traded up $1.01 during trading hours on Friday, reaching $88.80. 6,946,159 shares of the company's stock were exchanged, compared to its average volume of 4,801,067. The stock's fifty day moving average price is $90.99 and its two-hundred day moving average price is $90.64. The stock has a market cap of $71.97 billion, a PE ratio of 25.09, a PEG ratio of 4.66 and a beta of 0.38. 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.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $0.91 earnings per share (EPS) 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 the consensus estimate of $4.92 billion. Colgate-Palmolive had a return on equity of 461.04% and a net margin of 14.52%. The firm's revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. Research analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.34%. Colgate-Palmolive's payout ratio is currently 58.76%.

Colgate-Palmolive announced that its board has approved a stock repurchase plan on Thursday, March 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are 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.