Americana Partners LLC Grows Stock Position in Colgate-Palmolive (NYSE:CL)

Americana Partners LLC increased its position in shares of Colgate-Palmolive (NYSE:CL) by 2,412.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 86,136 shares of the company’s stock after purchasing an additional 82,708 shares during the quarter. Americana Partners LLC’s holdings in Colgate-Palmolive were worth $7,831,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CL. Union Bancaire Privee UBP SA purchased a new stake in shares of Colgate-Palmolive during the 4th quarter valued at approximately $32,000. Hager Investment Management Services LLC acquired a new stake in Colgate-Palmolive in the 4th quarter valued at approximately $36,000. Reston Wealth Management LLC acquired a new stake in Colgate-Palmolive in the 3rd quarter valued at approximately $42,000. Roxbury Financial LLC acquired a new stake in Colgate-Palmolive in the 4th quarter valued at approximately $43,000. Finally, Synergy Asset Management LLC acquired a new stake in Colgate-Palmolive in the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CL. Stifel Nicolaus dropped their target price on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Piper Sandler dropped their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $101.00 target price on shares of Colgate-Palmolive in a report on Wednesday, January 29th. TD Cowen dropped their target price on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Raymond James restated an “outperform” rating and issued a $105.00 price target (down previously from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Colgate-Palmolive presently has a consensus rating of “Hold” and an average target price of $101.16.

Colgate-Palmolive Stock Performance

Shares of CL stock opened at $86.10 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 9.46. The firm has a fifty day moving average price of $89.53 and a 200 day moving average price of $96.35. The company has a market cap of $70.34 billion, a P/E ratio of 24.46, a PEG ratio of 4.12 and a beta of 0.44. Colgate-Palmolive has a 12 month low of $83.20 and a 12 month high of $109.30.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping 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 in the prior year, the company earned $0.87 earnings per share. Sell-side analysts predict that Colgate-Palmolive will post 3.73 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, January 21st were given a $0.50 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a 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.