Colgate-Palmolive (NYSE:CL) Holdings Raised by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC lifted its stake in Colgate-Palmolive (NYSE:CL) by 10.8% in the fourth quarter, HoldingsChannel reports. The firm owned 9,045 shares of the company’s stock after purchasing an additional 881 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Colgate-Palmolive were worth $822,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CL. LGT Capital Partners LTD. grew its position in Colgate-Palmolive by 26.3% during the 4th quarter. LGT Capital Partners LTD. now owns 1,252,010 shares of the company’s stock worth $113,820,000 after purchasing an additional 260,620 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Colgate-Palmolive in the fourth quarter worth $36,000. Atlantic Union Bankshares Corp raised its position in Colgate-Palmolive by 3.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 13,951 shares of the company’s stock valued at $1,268,000 after buying an additional 526 shares during the period. Amundi lifted its stake in Colgate-Palmolive by 12.8% in the 4th quarter. Amundi now owns 9,200,144 shares of the company’s stock worth $806,015,000 after acquiring an additional 1,040,604 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Colgate-Palmolive by 3.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 17,163 shares of the company’s stock worth $1,560,000 after acquiring an additional 582 shares during the period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CL shares. Stifel Nicolaus reduced their price target 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, February 3rd. Wells Fargo & Company cut their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. TD Cowen lowered their price target on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $101.00 price objective on shares of Colgate-Palmolive in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their target price on Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have assigned 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 “Moderate Buy” and an average target price of $101.61.

Colgate-Palmolive Trading Up 3.8 %

Shares of CL stock opened at $96.84 on Monday. Colgate-Palmolive has a 12 month low of $85.32 and a 12 month high of $109.30. The company has a market cap of $78.59 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 4.20 and a beta of 0.40. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 13.40. The business’s 50 day moving average is $88.84 and its two-hundred day moving average is $95.11.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.87 EPS. Equities analysts predict that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 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.