Colgate-Palmolive (NYSE:CL) Holdings Cut by Norden Group LLC

Norden Group LLC lowered its holdings in shares of Colgate-Palmolive (NYSE:CL) by 83.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,187 shares of the company’s stock after selling 36,508 shares during the quarter. Norden Group LLC’s holdings in Colgate-Palmolive were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kohmann Bosshard Financial Services LLC bought a new position in shares of Colgate-Palmolive during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC raised its holdings in shares of Colgate-Palmolive by 17.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 13,300 shares of the company’s stock valued at $1,208,000 after purchasing an additional 1,935 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Colgate-Palmolive by 2.3% during the 4th quarter. Bridges Investment Management Inc. now owns 13,161 shares of the company’s stock valued at $1,196,000 after purchasing an additional 299 shares in the last quarter. Purkiss Capital Advisors LLC bought a new position in shares of Colgate-Palmolive during the 4th quarter valued at $361,000. Finally, Capital Wealth Planning LLC raised its holdings in shares of Colgate-Palmolive by 80.8% during the 4th quarter. Capital Wealth Planning LLC now owns 3,607 shares of the company’s stock valued at $328,000 after purchasing an additional 1,612 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CL shares. Raymond James reiterated an “outperform” rating and issued a $105.00 target price (down previously from $110.00) on shares of Colgate-Palmolive in a report on Monday, February 3rd. Piper Sandler dropped their target price on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. StockNews.com upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating in a report on Monday. UBS Group dropped their target price on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $101.00 target price on shares of Colgate-Palmolive in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.61.

Colgate-Palmolive Price Performance

Shares of Colgate-Palmolive stock opened at $92.74 on Tuesday. The company has a debt-to-equity ratio of 13.40, a quick ratio of 0.58 and a current ratio of 0.92. The firm’s 50-day simple moving average is $88.76 and its 200-day simple moving average is $95.37. Colgate-Palmolive has a twelve month low of $85.32 and a twelve month high of $109.30. The firm has a market cap of $75.26 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 4.20 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. During the same quarter last year, the company posted $0.87 EPS. As a group, research analysts expect that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, January 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio is currently 56.82%.

About Colgate-Palmolive

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.