Overbrook Management Corp boosted its position in shares of Colgate-Palmolive (NYSE:CL) by 39.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,920 shares of the company’s stock after buying an additional 1,400 shares during the period. Overbrook Management Corp’s holdings in Colgate-Palmolive were worth $353,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in CL. Advisor Group Inc. raised its holdings in Colgate-Palmolive by 24.5% in the 4th quarter. Advisor Group Inc. now owns 77,352 shares of the company’s stock valued at $5,838,000 after buying an additional 15,212 shares during the last quarter. Summit Global Investments raised its holdings in Colgate-Palmolive by 27.8% in the 1st quarter. Summit Global Investments now owns 60,666 shares of the company’s stock valued at $4,348,000 after buying an additional 13,191 shares during the last quarter. Gradient Investments LLC raised its holdings in Colgate-Palmolive by 6.5% in the 4th quarter. Gradient Investments LLC now owns 106,168 shares of the company’s stock valued at $8,010,000 after buying an additional 6,478 shares during the last quarter. Arizona State Retirement System raised its holdings in Colgate-Palmolive by 2.4% in the 4th quarter. Arizona State Retirement System now owns 241,150 shares of the company’s stock valued at $18,195,000 after buying an additional 5,588 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Colgate-Palmolive by 25.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,513,711 shares of the company’s stock valued at $114,209,000 after buying an additional 303,690 shares during the last quarter. Hedge funds and other institutional investors own 73.23% of the company’s stock.
A number of research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Colgate-Palmolive from $80.00 to $73.00 and set a “neutral” rating for the company in a report on Tuesday, May 1st. Barclays set a $70.00 price objective on shares of Colgate-Palmolive and gave the company a “hold” rating in a report on Monday, April 30th. Argus upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating in a report on Friday, May 25th. They noted that the move was a valuation call. ValuEngine lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $72.00 price objective on shares of Colgate-Palmolive in a report on Thursday, May 24th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $76.08.
Colgate-Palmolive stock opened at $62.57 on Thursday. The company has a debt-to-equity ratio of 64.85, a current ratio of 1.08 and a quick ratio of 0.75. Colgate-Palmolive has a 52-week low of $61.28 and a 52-week high of $77.91. The company has a market cap of $54.34 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.50 and a beta of 0.75.
Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, April 27th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Colgate-Palmolive had a net margin of 13.30% and a return on equity of 1,486.69%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business earned $0.67 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. analysts forecast that Colgate-Palmolive will post 3.16 earnings per share for the current year.
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. It operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. The company offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; personal care products comprising bar and liquid hand soaps, shower gels, shampoos, conditioners, and deodorants and antiperspirants; and home care products, such as laundry and dishwashing detergents, fabric conditioners, household cleaners, and other related products.
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