Kohmann Bosshard Financial Services LLC Invests $26,000 in Colgate-Palmolive (NYSE:CL)

Kohmann Bosshard Financial Services LLC acquired a new position in shares of Colgate-Palmolive (NYSE:CL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 290 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors also recently modified their holdings of the company. Swedbank AB boosted its stake in Colgate-Palmolive by 1.4% in the 3rd quarter. Swedbank AB now owns 2,950,059 shares of the company’s stock valued at $306,246,000 after buying an additional 40,324 shares in the last quarter. Stephens Inc. AR boosted its stake in Colgate-Palmolive by 2.1% in the 3rd quarter. Stephens Inc. AR now owns 11,951 shares of the company’s stock valued at $1,241,000 after buying an additional 251 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Colgate-Palmolive by 142.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 869 shares of the company’s stock valued at $90,000 after buying an additional 510 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in Colgate-Palmolive by 10.3% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 6,758 shares of the company’s stock valued at $702,000 after buying an additional 631 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in Colgate-Palmolive by 10.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,809 shares of the company’s stock valued at $575,000 after buying an additional 527 shares in the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

CL has been the topic of several recent analyst reports. StockNews.com raised Colgate-Palmolive from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company reduced their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $101.00 price objective on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. Finally, Piper Sandler reduced their price objective on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Colgate-Palmolive currently has a consensus rating of “Moderate Buy” and an average target price of $101.61.

Colgate-Palmolive Trading Up 1.7 %

NYSE:CL opened at $92.74 on Tuesday. Colgate-Palmolive has a 1-year low of $85.32 and a 1-year high of $109.30. The business’s 50-day moving average price is $88.76 and its two-hundred day moving average price is $95.37. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40. The firm has a market capitalization of $75.26 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 4.20 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last released 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 return on equity of 477.77% and a net margin of 14.38%. During the same period last year, the business earned $0.87 EPS. On average, equities analysts expect that Colgate-Palmolive will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were paid a $0.50 dividend. 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 payout ratio is 56.82%.

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.