615 Shares in Colgate-Palmolive (NYSE:CL) Acquired by McClarren Financial Advisors Inc.

McClarren Financial Advisors Inc. acquired a new stake in Colgate-Palmolive (NYSE:CL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 615 shares of the company’s stock, valued at approximately $55,000.

Several other large investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new position in shares of Colgate-Palmolive in the fourth quarter valued at about $32,000. Hager Investment Management Services LLC bought a new stake in Colgate-Palmolive in the 4th quarter valued at about $36,000. Reston Wealth Management LLC acquired a new position in shares of Colgate-Palmolive during the 3rd quarter worth approximately $42,000. Synergy Asset Management LLC bought a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Colgate-Palmolive in the third quarter valued at approximately $53,000. Institutional investors own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CL shares. UBS Group reduced their price target on Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. 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 report on Monday, February 3rd. 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 research report on Monday, January 6th. StockNews.com lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Colgate-Palmolive presently has a consensus rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Stock Performance

NYSE:CL opened at $86.75 on Thursday. The stock’s 50-day moving average is $90.00 and its 200-day moving average is $96.61. Colgate-Palmolive has a 1-year low of $82.76 and a 1-year high of $109.30. 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 stock has a market cap of $70.88 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 4.12 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, January 31st. The company reported $0.91 earnings per share 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 last year, the business posted $0.87 EPS. Equities research analysts anticipate that Colgate-Palmolive will post 3.73 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio is currently 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.