Lecap Asset Management Ltd. Grows Position in Colgate-Palmolive (NYSE:CL)

Lecap Asset Management Ltd. raised its position in Colgate-Palmolive (NYSE:CL) by 130.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,182 shares of the company’s stock after purchasing an additional 14,261 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Colgate-Palmolive were worth $2,289,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CL. Global X Japan Co. Ltd. grew its position in shares of Colgate-Palmolive by 19.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 5,216 shares of the company’s stock worth $474,000 after buying an additional 849 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Colgate-Palmolive by 22.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 118,437 shares of the company’s stock worth $10,767,000 after purchasing an additional 21,441 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Colgate-Palmolive by 2.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,028,600 shares of the company’s stock worth $184,420,000 after purchasing an additional 38,824 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Colgate-Palmolive during the 4th quarter valued at $15,269,000. Finally, Leo Wealth LLC boosted its position in shares of Colgate-Palmolive by 158.2% in the 4th quarter. Leo Wealth LLC now owns 13,458 shares of the company’s stock worth $1,223,000 after purchasing an additional 8,246 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CL. JPMorgan Chase & Co. decreased their price target on Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a research note on Monday. TD Cowen decreased their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $101.00 target price on shares of Colgate-Palmolive in a research report on Wednesday, January 29th. StockNews.com lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Raymond James reaffirmed an “outperform” rating and set a $105.00 target price (down previously from $110.00) on shares of Colgate-Palmolive in a report on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently 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 price-to-earnings-growth ratio of 3.61 and a beta of 0.44. Colgate-Palmolive has a 12 month low of $82.68 and a 12 month high of $109.30. The company has a debt-to-equity ratio of 9.46, a current ratio of 0.41 and a quick ratio of 0.26. The business has a 50-day moving average of $90.78 and a two-hundred day moving average of $96.92.

Colgate-Palmolive (NYSE:CL) last issued its quarterly 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 net margin of 14.38% and a return on equity of 477.77%. During the same quarter last year, the business earned $0.87 earnings per share. On average, research analysts expect that Colgate-Palmolive will post 3.74 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 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.