Hantz Financial Services Inc. Grows Stake in Colgate-Palmolive Company $CL

Hantz Financial Services Inc. grew its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 4,502.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,371 shares of the company’s stock after acquiring an additional 72,755 shares during the quarter. Hantz Financial Services Inc.’s holdings in Colgate-Palmolive were worth $5,945,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. raised its holdings in Colgate-Palmolive by 85.5% in the second quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock worth $26,000 after buying an additional 130 shares during the last quarter. Copia Wealth Management purchased a new stake in shares of Colgate-Palmolive during the third quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Colgate-Palmolive by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock valued at $30,000 after acquiring an additional 155 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Colgate-Palmolive in the 3rd quarter worth approximately $30,000. Finally, MTM Investment Management LLC bought a new position in Colgate-Palmolive in the 2nd quarter valued at approximately $39,000. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

CL has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Colgate-Palmolive from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday. Bank of America increased their price objective on Colgate-Palmolive from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI lifted their price objective on Colgate-Palmolive from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday. Barclays upped their target price on shares of Colgate-Palmolive from $83.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, TD Cowen reiterated a “buy” rating on shares of Colgate-Palmolive in a research note on Monday. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Colgate-Palmolive currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.47.

Colgate-Palmolive Trading Up 1.2%

Shares of NYSE:CL opened at $94.29 on Thursday. The stock’s 50-day simple moving average is $81.56 and its two-hundred day simple moving average is $81.50. The stock has a market capitalization of $76.00 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 4.22 and a beta of 0.29. Colgate-Palmolive Company has a 52-week low of $74.54 and a 52-week high of $100.18. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.27 and a current ratio of 0.42.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $5.23 billion for the quarter, compared to analysts’ expectations of $5.13 billion. Colgate-Palmolive had a net margin of 10.45% and a return on equity of 353.72%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Analysts expect that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 79.39%.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.