OneAscent Financial Services LLC Purchases 10,976 Shares of Colgate-Palmolive (NYSE:CL)

OneAscent Financial Services LLC raised its position in shares of Colgate-Palmolive (NYSE:CL) by 284.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,829 shares of the company’s stock after acquiring an additional 10,976 shares during the quarter. OneAscent Financial Services LLC’s holdings in Colgate-Palmolive were worth $1,348,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC acquired a new stake in Colgate-Palmolive in the fourth quarter worth $26,000. Centricity Wealth Management LLC acquired a new stake in shares of Colgate-Palmolive in the 4th quarter valued at about $27,000. Union Bancaire Privee UBP SA bought a new stake in Colgate-Palmolive in the 4th quarter valued at about $32,000. Briaud Financial Planning Inc bought a new position in Colgate-Palmolive in the fourth quarter worth approximately $32,000. Finally, Wintrust Investments LLC bought a new stake in shares of Colgate-Palmolive during the fourth quarter valued at approximately $33,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Trading Up 0.3 %

NYSE:CL opened at $93.95 on Wednesday. Colgate-Palmolive has a 1 year low of $85.32 and a 1 year high of $109.30. The stock’s fifty day moving average price is $89.91 and its two-hundred day moving average price is $93.35. 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 company has a market cap of $76.20 billion, a P/E ratio of 26.69, a P/E/G ratio of 4.20 and a beta of 0.40.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 in the previous year, the business posted $0.87 EPS. As a group, analysts expect that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive announced that its Board of Directors has initiated a share buyback plan on Thursday, March 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Colgate-Palmolive Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.21%. This is a boost from Colgate-Palmolive’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, April 17th. Colgate-Palmolive’s payout ratio is presently 59.09%.

Analysts Set New Price Targets

Several analysts recently issued reports on CL shares. StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Morgan Stanley dropped their price target on shares of Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $101.00 price objective on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. Stifel Nicolaus decreased their price target on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Finally, Raymond James restated an “outperform” rating and set a $105.00 price objective (down from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Colgate-Palmolive presently has a consensus rating of “Hold” and a consensus price target of $101.78.

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.