Trust Point Inc. Grows Position in Colgate-Palmolive (NYSE:CL)

Trust Point Inc. increased its position in shares of Colgate-Palmolive (NYSE:CL) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,327 shares of the company’s stock after buying an additional 417 shares during the period. Trust Point Inc.’s holdings in Colgate-Palmolive were worth $1,848,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $32,000. Reston Wealth Management LLC acquired a new stake in Colgate-Palmolive in the third quarter valued at $42,000. Capital Performance Advisors LLP acquired a new stake in Colgate-Palmolive in the third quarter valued at $53,000. Synergy Asset Management LLC acquired a new position in shares of Colgate-Palmolive during the 4th quarter worth $49,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Colgate-Palmolive during the 3rd quarter worth $64,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Colgate-Palmolive Trading Up 0.4 %

NYSE:CL opened at $87.05 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 9.46. Colgate-Palmolive has a 1-year low of $82.68 and a 1-year high of $109.30. The firm has a market capitalization of $71.12 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 3.61 and a beta of 0.44. The stock has a fifty day simple moving average of $91.35 and a 200 day simple moving average of $97.15.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same quarter last year, the firm posted $0.87 earnings per share. Sell-side analysts forecast that Colgate-Palmolive will post 3.74 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 56.82%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CL shares. Piper Sandler decreased their target price on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a report on Monday, January 6th. TD Cowen dropped their target price on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Raymond James reissued an “outperform” rating and set a $105.00 target price (down previously from $110.00) on shares of Colgate-Palmolive in a research report on Monday. Barclays dropped their target price on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Stifel Nicolaus dropped their target price on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.