Financiere des Professionnels Fonds d investissement inc. Has $628,000 Holdings in Colgate-Palmolive (NYSE:CL)

Financiere des Professionnels Fonds d investissement inc. raised its holdings in Colgate-Palmolive (NYSE:CL) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,912 shares of the company’s stock after buying an additional 990 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Colgate-Palmolive were worth $628,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CL. Creative Planning raised its position in shares of Colgate-Palmolive by 2.0% during the third quarter. Creative Planning now owns 218,018 shares of the company’s stock worth $22,632,000 after purchasing an additional 4,372 shares during the period. Swedbank AB raised its position in shares of Colgate-Palmolive by 1.4% during the third quarter. Swedbank AB now owns 2,950,059 shares of the company’s stock worth $306,246,000 after purchasing an additional 40,324 shares during the period. Good Life Advisors LLC acquired a new position in shares of Colgate-Palmolive during the third quarter worth approximately $436,000. Global Retirement Partners LLC raised its position in shares of Colgate-Palmolive by 16.5% during the third quarter. Global Retirement Partners LLC now owns 7,466 shares of the company’s stock worth $775,000 after purchasing an additional 1,056 shares during the period. Finally, Bleakley Financial Group LLC raised its position in shares of Colgate-Palmolive by 3.1% during the third quarter. Bleakley Financial Group LLC now owns 22,376 shares of the company’s stock worth $2,323,000 after purchasing an additional 674 shares during the period. 80.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CL has been the topic of several recent analyst reports. Barclays dropped their price objective on Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Piper Sandler decreased their target price on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Stifel Nicolaus decreased their target price on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, UBS Group decreased their target price on Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Colgate-Palmolive presently has a consensus rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Stock Down 1.9 %

CL stock opened at $86.10 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 9.46. The firm has a market capitalization of $70.34 billion, a PE ratio of 24.46, a PEG ratio of 4.12 and a beta of 0.44. Colgate-Palmolive has a twelve month low of $83.20 and a twelve month high of $109.30. The stock has a 50-day simple moving average of $89.53 and a two-hundred day simple moving average of $96.35.

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 analysts’ consensus estimates 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 quarter last year, the firm posted $0.87 earnings per share. On average, equities analysts predict that Colgate-Palmolive will post 3.73 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.32%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 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.