Colgate-Palmolive (NYSE:CL) Shares Bought by Leo Wealth LLC

Leo Wealth LLC grew its stake in Colgate-Palmolive (NYSE:CL) by 158.2% during the 4th quarter, Holdings Channel reports. The firm owned 13,458 shares of the company’s stock after purchasing an additional 8,246 shares during the quarter. Leo Wealth LLC’s holdings in Colgate-Palmolive were worth $1,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CL. Union Bancaire Privee UBP SA purchased a new stake in Colgate-Palmolive during the 4th quarter worth approximately $32,000. Hager Investment Management Services LLC purchased a new stake in shares of Colgate-Palmolive during the fourth quarter worth approximately $36,000. Reston Wealth Management LLC acquired a new position in Colgate-Palmolive in the 3rd quarter valued at $42,000. Capital Performance Advisors LLP purchased a new position in Colgate-Palmolive in the 3rd quarter valued at $53,000. Finally, Synergy Asset Management LLC acquired a new stake in Colgate-Palmolive during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Colgate-Palmolive Price Performance

Shares of CL opened at $85.60 on Friday. The firm has a 50-day simple moving average of $90.78 and a two-hundred day simple moving average of $96.92. The stock has a market cap of $69.94 billion, a PE ratio of 24.32, a P/E/G ratio of 3.61 and a beta of 0.44. Colgate-Palmolive has a 1-year low of $82.68 and a 1-year high of $109.30. The company has a debt-to-equity ratio of 9.46, a current ratio of 0.41 and a quick ratio of 0.26.

Colgate-Palmolive (NYSE:CL) last posted 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 period in the prior year, the firm posted $0.87 earnings per share. As a group, analysts forecast that Colgate-Palmolive will post 3.74 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, January 21st. Colgate-Palmolive’s payout ratio is 56.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CL shares. Stifel Nicolaus decreased their price target on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research note on Monday. Wells Fargo & Company decreased their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $101.00 price target on shares of Colgate-Palmolive in a research report on Wednesday, January 29th. StockNews.com downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Morgan Stanley dropped their target price on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Colgate-Palmolive has an average rating of “Hold” and an average target price of $101.16.

Colgate-Palmolive 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.