Choreo LLC Boosts Stock Position in Colgate-Palmolive (NYSE:CL)

Choreo LLC lifted its position in shares of Colgate-Palmolive (NYSE:CL) by 17.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,563 shares of the company’s stock after purchasing an additional 4,190 shares during the period. Choreo LLC’s holdings in Colgate-Palmolive were worth $2,503,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA bought a new position in Colgate-Palmolive in the fourth quarter worth about $32,000. Hager Investment Management Services LLC bought a new position in Colgate-Palmolive in the fourth quarter worth about $36,000. Reston Wealth Management LLC bought a new position in Colgate-Palmolive in the third quarter worth about $42,000. Synergy Asset Management LLC bought a new position in Colgate-Palmolive in the fourth quarter worth about $49,000. Finally, Capital Performance Advisors LLP bought a new position in Colgate-Palmolive in the third quarter worth about $53,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CL has been the subject of a number of research reports. Raymond James reissued an “outperform” rating and issued a $105.00 price target (down from $110.00) on shares of Colgate-Palmolive in a research note on Monday. Barclays decreased their price target on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $101.00 target price on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $101.16.

Colgate-Palmolive Stock Down 1.2 %

CL opened at $85.60 on Friday. The stock has a market capitalization of $69.94 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.61 and a beta of 0.44. The firm has a 50 day moving average price of $90.78 and a 200-day moving average price of $96.92. Colgate-Palmolive has a twelve month low of $82.68 and a twelve month high of $109.30. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 9.46.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. During the same quarter last year, the firm posted $0.87 earnings per share. Equities research analysts forecast that Colgate-Palmolive will post 3.74 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.34%. Colgate-Palmolive’s payout ratio is 56.82%.

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.