SVA Plumb Wealth Management LLC trimmed its stake in Colgate-Palmolive (NYSE:CL) by 24.9% during the fourth quarter, Holdings Channel reports. The fund owned 2,742 shares of the company’s stock after selling 910 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Colgate-Palmolive were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CL. Columbia Partners L L C Investment Management purchased a new stake in shares of Colgate-Palmolive during the 4th quarter valued at approximately $6,084,000. Eaton Vance Management lifted its stake in shares of Colgate-Palmolive by 0.3% during the 4th quarter. Eaton Vance Management now owns 3,442,431 shares of the company’s stock valued at $259,732,000 after buying an additional 9,947 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Colgate-Palmolive by 2.8% during the 4th quarter. OppenheimerFunds Inc. now owns 6,173,804 shares of the company’s stock valued at $465,813,000 after buying an additional 166,537 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Colgate-Palmolive by 1.5% during the 4th quarter. Brown Advisory Inc. now owns 172,401 shares of the company’s stock valued at $13,008,000 after buying an additional 2,540 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in shares of Colgate-Palmolive by 3.5% during the 4th quarter. State of Tennessee Treasury Department now owns 344,886 shares of the company’s stock valued at $26,022,000 after buying an additional 11,626 shares in the last quarter. Hedge funds and other institutional investors own 71.52% of the company’s stock.
A number of analysts recently commented on CL shares. Zacks Investment Research cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Citigroup dropped their price target on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. KeyCorp restated a “hold” rating on shares of Colgate-Palmolive in a research note on Saturday, November 25th. Societe Generale cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $66.00 price target on the stock. in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Finally, Deutsche Bank began coverage on shares of Colgate-Palmolive in a research note on Wednesday, December 13th. They issued a “hold” rating and a $75.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $77.91.
Shares of Colgate-Palmolive (NYSE CL) opened at $69.05 on Thursday. The stock has a market cap of $61,202.84, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 2.59 and a beta of 0.75. Colgate-Palmolive has a 52 week low of $68.19 and a 52 week high of $77.91. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 27.02.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, January 26th. The company reported $0.75 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.75. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. equities analysts anticipate that Colgate-Palmolive will post 3.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Tuesday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Monday, January 22nd. Colgate-Palmolive’s payout ratio is 70.18%.
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Colgate-Palmolive Company Profile
Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.
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