Colgate-Palmolive (NYSE:CL) Position Increased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its position in Colgate-Palmolive (NYSE:CL) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,317 shares of the company’s stock after purchasing an additional 2,746 shares during the period. Apollon Wealth Management LLC’s holdings in Colgate-Palmolive were worth $2,302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CL. CWM LLC lifted its stake in Colgate-Palmolive by 28.7% in the third quarter. CWM LLC now owns 35,216 shares of the company’s stock valued at $3,656,000 after acquiring an additional 7,861 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in Colgate-Palmolive by 386.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,546 shares of the company’s stock worth $679,000 after buying an additional 5,200 shares during the last quarter. Fiduciary Financial Group LLC bought a new position in Colgate-Palmolive during the third quarter valued at about $206,000. Valeo Financial Advisors LLC lifted its position in shares of Colgate-Palmolive by 1.1% in the third quarter. Valeo Financial Advisors LLC now owns 11,928 shares of the company’s stock worth $1,238,000 after buying an additional 135 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Colgate-Palmolive by 3.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 14,054 shares of the company’s stock worth $1,459,000 after acquiring an additional 412 shares in the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CL shares. Raymond James restated an “outperform” rating and issued a $105.00 target price (down from $110.00) on shares of Colgate-Palmolive in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $101.00 price objective on shares of Colgate-Palmolive in a report on Wednesday, January 29th. UBS Group cut their target price on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Stifel Nicolaus lowered their price target on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Stock Up 1.3 %

Shares of CL opened at $86.81 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 9.46. The company has a 50-day moving average price of $90.36 and a two-hundred day moving average price of $96.77. The stock has a market cap of $70.93 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 4.12 and a beta of 0.44. Colgate-Palmolive has a 12 month low of $82.68 and a 12 month high of $109.30.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Equities analysts predict that Colgate-Palmolive will post 3.73 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, January 21st. 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.