Strategic Financial Concepts LLC Takes $15.27 Million Position in Colgate-Palmolive (NYSE:CL)

Strategic Financial Concepts LLC acquired a new position in Colgate-Palmolive (NYSE:CL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 167,953 shares of the company's stock, valued at approximately $15,269,000.

A number of other large investors also recently added to or reduced their stakes in CL. Creative Planning boosted its position in shares of Colgate-Palmolive by 2.0% during the third quarter. Creative Planning now owns 218,018 shares of the company's stock worth $22,632,000 after purchasing an additional 4,372 shares in the last quarter. Swedbank AB lifted its holdings in Colgate-Palmolive by 1.4% during the third quarter. Swedbank AB now owns 2,950,059 shares of the company's stock worth $306,246,000 after acquiring an additional 40,324 shares in the last quarter. Good Life Advisors LLC acquired a new position in Colgate-Palmolive in the third quarter valued at about $436,000. Global Retirement Partners LLC increased its holdings in shares of Colgate-Palmolive by 16.5% in the third quarter. Global Retirement Partners LLC now owns 7,466 shares of the company's stock worth $775,000 after acquiring an additional 1,056 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its position in shares of Colgate-Palmolive by 3.1% during the third quarter. Bleakley Financial Group LLC now owns 22,376 shares of the company's stock worth $2,323,000 after purchasing an additional 674 shares during the period. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CL shares. StockNews.com lowered Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Stifel Nicolaus lowered their price objective on shares of Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. TD Cowen dropped their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. UBS Group cut their price target on Colgate-Palmolive from $104.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Finally, Raymond James reiterated an "outperform" rating and set a $105.00 price objective (down from $110.00) on shares of Colgate-Palmolive in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $101.16.

Colgate-Palmolive Stock Performance

Shares of CL stock traded up $0.93 on Wednesday, reaching $87.32. The stock had a trading volume of 4,306,951 shares, compared to its average volume of 4,940,192. Colgate-Palmolive has a 12 month low of $83.70 and a 12 month high of $109.30. The firm has a market capitalization of $70.86 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 4.10 and a beta of 0.44. The firm's 50-day moving average is $89.24 and its two-hundred day moving average is $96.11. 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 (NYSE:CL - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates 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 earned $0.87 EPS. On average, research analysts expect that Colgate-Palmolive will post 3.76 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.29%. The ex-dividend date was Tuesday, January 21st. Colgate-Palmolive's dividend payout ratio is 56.82%.

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.