Fiduciary Group LLC Buys 3,345 Shares of Colgate-Palmolive (NYSE:CL)

Fiduciary Group LLC increased its position in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,043 shares of the company's stock after buying an additional 3,345 shares during the quarter. Fiduciary Group LLC's holdings in Colgate-Palmolive were worth $1,095,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its position in shares of Colgate-Palmolive by 16.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 6,752 shares of the company's stock worth $591,000 after acquiring an additional 943 shares in the last quarter. Peak Financial Advisors LLC bought a new stake in Colgate-Palmolive during the 4th quarter worth approximately $1,315,000. Fiduciary Alliance LLC purchased a new stake in shares of Colgate-Palmolive in the fourth quarter worth approximately $4,066,000. Impact Partnership Wealth LLC bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at approximately $803,000. Finally, Barclays PLC boosted its position in shares of Colgate-Palmolive by 38.7% during the third quarter. Barclays PLC now owns 7,644,189 shares of the company's stock valued at $793,542,000 after buying an additional 2,132,747 shares during the last quarter. Institutional investors own 80.41% of the company's stock.

Wall Street Analysts Forecast Growth

CL has been the topic of several recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $101.00 price objective on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. TD Cowen cut their price target 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. Stifel Nicolaus dropped their target price on shares of Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Raymond James restated an "outperform" rating and issued a $105.00 target price (down previously from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Colgate-Palmolive from $97.00 to $99.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Colgate-Palmolive has a consensus rating of "Hold" and an average price target of $101.72.

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Colgate-Palmolive Stock Performance

Shares of NYSE CL traded down $1.38 during mid-day trading on Tuesday, hitting $89.52. The company had a trading volume of 5,173,007 shares, compared to its average volume of 4,226,853. Colgate-Palmolive has a 1 year low of $85.32 and a 1 year high of $109.30. The company has a market capitalization of $72.65 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 4.20 and a beta of 0.40. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40. The stock's 50-day moving average price is $89.40 and its 200-day moving average price is $93.95.

Colgate-Palmolive (NYSE:CL - Get Free Report) last posted its 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 net margin of 14.38% and a return on equity of 477.77%. During the same quarter last year, the firm posted $0.87 EPS. On average, sell-side analysts forecast that Colgate-Palmolive will post 3.75 earnings per share for the current year.

Colgate-Palmolive Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be paid a dividend of $0.52 per share. This is a positive change from Colgate-Palmolive's previous quarterly dividend of $0.50. The ex-dividend date is Thursday, April 17th. This represents a $2.08 annualized dividend and a yield of 2.32%. Colgate-Palmolive's dividend payout ratio (DPR) is currently 56.82%.

Colgate-Palmolive announced that its board has authorized 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 reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

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.