E. Ohman J or Asset Management AB Has $41.91 Million Holdings in Colgate-Palmolive Company $CL

E. Ohman J or Asset Management AB increased its position in Colgate-Palmolive Company (NYSE:CL) by 5.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 491,735 shares of the company’s stock after buying an additional 26,206 shares during the period. Colgate-Palmolive accounts for about 1.1% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 17th largest holding. E. Ohman J or Asset Management AB’s holdings in Colgate-Palmolive were worth $41,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $861,670,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Colgate-Palmolive by 8,040.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,655,987 shares of the company’s stock worth $380,666,000 after acquiring an additional 4,598,789 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Colgate-Palmolive during the fourth quarter worth $236,682,000. Deutsche Bank AG increased its position in Colgate-Palmolive by 33.9% during the fourth quarter. Deutsche Bank AG now owns 10,845,857 shares of the company’s stock worth $857,040,000 after acquiring an additional 2,746,920 shares during the period. Finally, Franklin Resources Inc. raised its stake in Colgate-Palmolive by 47.4% during the 4th quarter. Franklin Resources Inc. now owns 6,044,168 shares of the company’s stock valued at $477,610,000 after purchasing an additional 1,942,946 shares during the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Trading Up 0.3%

Shares of CL stock opened at $89.74 on Friday. The firm has a fifty day moving average of $87.40 and a 200-day moving average of $86.60. The stock has a market cap of $71.81 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 4.72 and a beta of 0.33. Colgate-Palmolive Company has a 52-week low of $74.54 and a 52-week high of $99.33. 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 issued its earnings results on Friday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.22 billion. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. On average, equities research analysts forecast that Colgate-Palmolive Company will post 3.81 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 20th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, July 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 82.49%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Colgate-Palmolive in a research report on Monday, May 4th. Weiss Ratings raised shares of Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wall Street Zen cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Bank of America lowered their price target on Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $102.00 price target on shares of Colgate-Palmolive in a report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Colgate-Palmolive has a consensus rating of “Moderate Buy” and an average price target of $95.88.

About Colgate-Palmolive

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.