Busey Wealth Administration decreased its holdings in Colgate-Palmolive (NYSE:CL – Get Score) by 1.1% in the course of the 4th quarter, in response to its most up-to-date submitting with the Securities and Trade Fee (SEC). The institutional investor owned 176,252 shares of the corporate’s inventory after promoting 1,961 shares in the course of the quarter. Busey Wealth Administration’s holdings in Colgate-Palmolive had been value $13,887,000 on the finish of the latest reporting interval.

→ “Put together for 5 Years of Famine” (From Legacy Analysis)

A number of different giant traders have additionally just lately purchased and bought shares of the corporate. Correct Wealth Administration LLC purchased a brand new place in shares of Colgate-Palmolive in the course of the 4th quarter valued at roughly $27,000. Hallmark Capital Administration Inc. raised its holdings in Colgate-Palmolive by 158.2% within the third quarter. Hallmark Capital Administration Inc. now owns 408 shares of the corporate’s inventory value $29,000 after shopping for a further 250 shares over the past quarter. EdgeRock Capital LLC bought a brand new place in shares of Colgate-Palmolive in the course of the third quarter valued at roughly $35,000. Norway Financial savings Financial institution boosted its place in shares of Colgate-Palmolive by 57.8% within the third quarter. Norway Financial savings Financial institution now owns 546 shares of the corporate’s inventory value $38,000 after buying a further 200 shares in the course of the interval. Lastly, McClarren Monetary Advisors Inc. bought a brand new stake in Colgate-Palmolive in the course of the third quarter valued at $42,000. Institutional traders and hedge funds personal 77.63% of the corporate’s inventory.

Wall Avenue Analyst Weigh In

Plenty of analysis corporations have just lately weighed in on CL. UBS Group raised their value goal on shares of Colgate-Palmolive from $84.00 to $86.00 and gave the corporate a “purchase” score in a report on Wednesday. Morgan Stanley raised shares of Colgate-Palmolive from an “equal weight” score to an “chubby” score and set a $82.00 value goal on the inventory in a analysis report on Monday, January thirtieth. JPMorgan Chase & Co. raised their goal value on shares of Colgate-Palmolive from $81.00 to $86.00 and gave the corporate an “chubby” score in a report on Friday, January thirteenth. Deutsche Financial institution Aktiengesellschaft dropped their value goal on shares of Colgate-Palmolive from $84.00 to $80.00 in a analysis observe on Monday, March twentieth. Lastly, Wells Fargo & Firm dropped their value goal on shares of Colgate-Palmolive from $80.00 to $76.00 and set an “equal weight” score on the inventory in a analysis observe on Monday, January thirtieth. 5 equities analysis analysts have rated the inventory with a maintain score and eight have assigned a purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, the inventory presently has a consensus score of “Average Purchase” and a median value goal of $82.27.

Colgate-Palmolive Worth Efficiency

CL traded up $0.43 throughout buying and selling on Thursday, hitting $74.90. The corporate’s inventory had a buying and selling quantity of 866,556 shares, in comparison with its common quantity of 4,418,447. The agency’s 50 day transferring common value is $73.47 and its two-hundred day transferring common value is $74.76. The inventory has a market capitalization of $62.20 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of three.85 and a beta of 0.48. Colgate-Palmolive has a 12 month low of $67.84 and a 12 month excessive of $83.81. The corporate has a fast ratio of 0.76, a present ratio of 1.28 and a debt-to-equity ratio of 10.84.

Colgate-Palmolive (NYSE:CL – Get Score) final issued its quarterly earnings outcomes on Friday, January twenty seventh. The corporate reported $0.77 EPS for the quarter, assembly the consensus estimate of $0.77. Colgate-Palmolive had a return on fairness of 317.08% and a internet margin of 9.93%. The agency had income of $4.63 billion in the course of the quarter, in comparison with analysts’ expectations of $4.58 billion. Throughout the identical interval within the prior yr, the agency posted $0.79 earnings per share. The enterprise’s quarterly income was up 5.1% in comparison with the identical quarter final yr. Promote-side analysts forecast that Colgate-Palmolive will put up 3.1 earnings per share for the present fiscal yr.

Colgate-Palmolive Will increase Dividend

The corporate additionally just lately declared a quarterly dividend, which shall be paid on Monday, Could fifteenth. Stockholders of document on Friday, April twenty first shall be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, April twentieth. This represents a $1.92 annualized dividend and a dividend yield of two.56%. It is a increase from Colgate-Palmolive’s earlier quarterly dividend of $0.47. Colgate-Palmolive’s dividend payout ratio is presently 88.26%.

Colgate-Palmolive Firm Profile

(Get Score)

Colgate-Palmolive Co is engaged within the manufacturing and distribution of client merchandise. It operates by means of the Oral, Private and Dwelling Care, and Pet Diet segments. The Oral, Private and Dwelling Care section represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which promote to a wide range of retail and wholesale clients and distributors.

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