Lombard Odier Asset Management Europe Ltd Makes New $13.67 Million Investment in Colgate-Palmolive Company $CL

Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Colgate-Palmolive Company (NYSE:CL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 172,971 shares of the company’s stock, valued at approximately $13,668,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CL. Kemnay Advisory Services Inc. bought a new position in Colgate-Palmolive in the 4th quarter worth $25,000. CBIZ Investment Advisory Services LLC increased its position in shares of Colgate-Palmolive by 86.7% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 323 shares of the company’s stock valued at $26,000 after buying an additional 150 shares during the period. Triumph Capital Management increased its position in shares of Colgate-Palmolive by 62.9% during the fourth quarter. Triumph Capital Management now owns 329 shares of the company’s stock valued at $26,000 after buying an additional 127 shares during the period. Jessup Wealth Management Inc purchased a new stake in Colgate-Palmolive in the fourth quarter worth about $26,000. Finally, Maseco LLP bought a new stake in Colgate-Palmolive during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CL shares. UBS Group increased their target price on Colgate-Palmolive from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group restated a “buy” rating on shares of Colgate-Palmolive in a report on Friday, May 1st. Wall Street Zen cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Morgan Stanley restated an “overweight” rating on shares of Colgate-Palmolive in a report on Monday, May 4th. Finally, Bank of America lowered their target price on shares of Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating for the company in a report on Friday, April 10th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.88.

Colgate-Palmolive Trading Down 0.0%

Shares of NYSE CL opened at $90.56 on Wednesday. Colgate-Palmolive Company has a 52-week low of $74.54 and a 52-week high of $99.33. The company has a market cap of $72.47 billion, a PE ratio of 35.24, a P/E/G ratio of 4.78 and a beta of 0.33. The firm’s 50 day moving average price is $87.07 and its 200-day moving average price is $86.45. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.67 and a current ratio of 1.02.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts expect that Colgate-Palmolive Company will post 3.81 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 20th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, July 20th. Colgate-Palmolive’s payout ratio is 82.49%.

Colgate-Palmolive 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.