Hartford Investment Management Co. has recently unveiled the news of its 23.8% decrease in position with regard to Colgate-Palmolive (NYSE: CL). According to their latest 13F filing with the Securities and Exchange Commission, the reputed fund had divested around 18,796 shares during the fourth quarter, owning a total of 60,285 shares worth $4,750,000 at the end of its most recent reporting period.

Colgate-Palmolive Co. is well-recognized for producing and selling various consumer products across multiple segments such as Oral, Personal and Home Care as well as Pet Nutrition domains. The company deals globally through North America, Latin America, Europe, Asia Pacific, Africa or Eurasia while catering to numerous retail and wholesale customers and distributors.

Shares of NYSE CL began trading at $74.50 on Wednesday following an announcement from Hartford Investment Management Co. about its equity holding strategy in Colgate-Palmolive Co. The manufacturer currently has a market cap valuing $61.86 billion along with a PE ratio of 34.98 and P/E/G ratio scaling at 3.82 keeping in view holistic growth prospects furthermore a notable beta value level of 0.48.

The corporation possesses a 50-day moving average running at $73.51 alongside with a two-hundred day moving average hovering around $74.76 price level; however noted liquidity ratios outlined by current ratio equaling at approximately 1.28 times that for quick ratio rated below that in terms of deducible results registering near enough equal to 0.76 times over the recent past fiscal year pertaining assets converting into cash within short-term liability indicating bearable clearance abilities evolving through sustainable resolutions.

While Colgate-Palmolive’s stock encountered one-year high valued up to $83.81 falling drastically under the gear sticks realizing one-year low trading estimates score at $67.84, specialists keep a watchful eye on the company’s overall performance in response to its capital management strategies evolved through robust financial analysis and projections.

Colgate-Palmolive: A Dominant Player in the Global Consumer Products Market

Colgate-Palmolive: A Global Consumer Product Company

Colgate-Palmolive, a leading consumer products company, operates in more than 80 countries worldwide. Its three primary business segments include Oral Care, Personal and Home Care, and Pet Nutrition. With such breadth in the product line, the company is a mainstay amongst investors.

Recently, hedge funds and institutional investors have been buying and selling its shares. Dimensional Fund Advisors LP expanded its position in Colgate-Palmolive by 4.0% during Q1 2017 to own 2,444,508 shares of the stock worth $185,376 million after purchasing an additional 94,837 shares. Covestor Ltd also boosted its position by almost 72%, owning now at least 2,451 shares worth $186,000 after acquiring an extra 1,025 shares during the same period.

Additionally in Q1 2017 Mackenzie Financial Corp increased their shareholdings by nearly approxmiate amount (8.5%) now owning 1,882,813 stock unit with a value of $142,774k. Joining these major players was First Western Trust Bank who acquired a new stake in Colgate-Palmolive valued at approximately $569k , plus Wsfs Capital Management LLC who went ahead to purchase newly issued stocks valued at around $288k. It is worthy to note that about 77.63% of Colgate-Palmolive’s total stock is presently owned by hedge funds and institutional investors.

Presently various analysts view the company’s stocks as interesting for several market sectors: JPMorgan Chase & Co gave it an “overweight” rating with targets prices lifted from $81.00 to $86.00 on Friday January13th; Barclays is currently rating for equal weight with a target price decreased from from $80 .00 to $77.00 on January 31st; Morgan Stanley is rating the stock overweight with a $82.00 target price from an earlier “equal weight” while Wells Fargo & Company brought its rating to equal weight with a decreased target price of $76.00 on Monday, January 30th. Making the final entry for this analysis Deutsche Bank Aktiengesellschaft also downsized its price targets for Colgate-Palmolive from $84.00 to $80.000 in a research report filed on Monday, March 20.

Colgate-Palmolive has positioned itself as a major player in the consumer products realm with its earnings and financial reports backing up this claim. The company reported earnings per share of $0.77 in Q1 2017 with revenue amounting to $4.63 billion contrary to market expectations of around $4.58 billion; making it one of biggest gross income earners for that quarter alone.

Lastly, the company also recently announced their quarterly dividends which will be paid out come May 15th, with stockholders receiving record payouts of up to $0.48 a share as opposed to last years’ $0.47 per share – meaning an annualized dividend payout ratio of nearly 88%. Its global reach and various product lines across Oral Care, Personal and Home Care and Pet Nutrition show why many investors are confident about owning Colgate-Palmolive shares today and in the future thanks to such compelling results display time after time by the company

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