Smartleaf Asset Management LLC Has $1.21 Million Stock Holdings in Colgate-Palmolive (NYSE:CL)

Smartleaf Asset Management LLC grew its holdings in Colgate-Palmolive (NYSE:CL) by 17.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,300 shares of the company’s stock after purchasing an additional 1,935 shares during the period. Smartleaf Asset Management LLC’s holdings in Colgate-Palmolive were worth $1,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CL. Centricity Wealth Management LLC bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at $32,000. Bernard Wealth Management Corp. bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at $43,000. Finally, BankPlus Trust Department bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at $46,000. Institutional investors own 80.41% of the company’s stock.

Colgate-Palmolive Stock Up 1.2 %

Shares of NYSE:CL opened at $91.27 on Monday. The company has a market capitalization of $74.07 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 4.20 and a beta of 0.44. The company has a debt-to-equity ratio of 13.40, a current ratio of 0.92 and a quick ratio of 0.58. The business’s 50-day moving average is $88.74 and its 200-day moving average is $95.43. Colgate-Palmolive has a 1 year low of $85.32 and a 1 year high of $109.30.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data 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 return on equity of 477.77% and a net margin of 14.38%. During the same period in the prior year, the business posted $0.87 EPS. Equities research analysts predict that Colgate-Palmolive will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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 yield of 2.19%. The ex-dividend date of this dividend was Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 56.82%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CL shares. StockNews.com lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Royal Bank of Canada restated a “sector perform” rating and set a $101.00 price objective on shares of Colgate-Palmolive in a research report on Wednesday, January 29th. 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 report on Monday, February 3rd. TD Cowen reduced their price objective on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, 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 report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Colgate-Palmolive presently has a consensus rating of “Hold” and an average price target of $101.61.

Colgate-Palmolive 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.