Sound Financial Strategies Group LLC Acquires Shares of 8,957 Colgate-Palmolive (NYSE:CL)

Sound Financial Strategies Group LLC acquired a new stake in Colgate-Palmolive (NYSE:CL) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,957 shares of the company’s stock, valued at approximately $814,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Colgate-Palmolive during the 4th quarter valued at approximately $186,000. SPC Financial Inc. boosted its holdings in Colgate-Palmolive by 17.6% in the 4th quarter. SPC Financial Inc. now owns 3,515 shares of the company’s stock worth $320,000 after buying an additional 525 shares during the period. Assetmark Inc. boosted its holdings in Colgate-Palmolive by 295.1% in the 4th quarter. Assetmark Inc. now owns 16,280 shares of the company’s stock worth $1,480,000 after buying an additional 12,160 shares during the period. Cypress Capital Group boosted its holdings in Colgate-Palmolive by 12.6% in the 4th quarter. Cypress Capital Group now owns 29,647 shares of the company’s stock worth $2,695,000 after buying an additional 3,307 shares during the period. Finally, Jag Capital Management LLC boosted its holdings in Colgate-Palmolive by 0.7% in the 4th quarter. Jag Capital Management LLC now owns 33,773 shares of the company’s stock worth $3,070,000 after buying an additional 227 shares during the period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analyst Weigh In

CL has been the subject of several analyst reports. Piper Sandler cut their price objective on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Barclays cut their price target on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. StockNews.com raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Raymond James reissued an “outperform” rating and issued a $105.00 price target (down from $110.00) on shares of Colgate-Palmolive in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.61.

Colgate-Palmolive Price Performance

CL stock opened at $91.09 on Wednesday. The firm’s 50-day moving average price is $88.73 and its two-hundred day moving average price is $95.29. Colgate-Palmolive has a 12-month low of $85.32 and a 12-month high of $109.30. The stock has a market capitalization of $73.92 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 4.20 and a beta of 0.44. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 31st. The company reported $0.91 earnings per share 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 quarter last year, the business posted $0.87 EPS. As a group, equities analysts predict 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. Stockholders of record on Tuesday, January 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Tuesday, January 21st. Colgate-Palmolive’s payout ratio is 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.