Tyche Wealth Partners LLC Buys 876 Shares of Colgate-Palmolive (NYSE:CL)

Tyche Wealth Partners LLC increased its holdings in shares of Colgate-Palmolive (NYSE:CL) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,940 shares of the company’s stock after buying an additional 876 shares during the period. Tyche Wealth Partners LLC’s holdings in Colgate-Palmolive were worth $631,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Union Bancaire Privee UBP SA bought a new stake in Colgate-Palmolive during the fourth quarter valued at $32,000. Hager Investment Management Services LLC bought a new position in Colgate-Palmolive during the fourth quarter worth $36,000. Reston Wealth Management LLC bought a new position in shares of Colgate-Palmolive during the 3rd quarter worth about $42,000. Synergy Asset Management LLC bought a new position in shares of Colgate-Palmolive during the 4th quarter worth about $49,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Colgate-Palmolive during the 3rd quarter worth about $53,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Stock Up 0.2 %

CL opened at $86.66 on Thursday. The company has a fifty day moving average price of $90.98 and a 200-day moving average price of $96.99. The firm has a market capitalization of $70.80 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 3.61 and a beta of 0.44. The company has a debt-to-equity ratio of 9.46, a current ratio of 0.41 and a quick ratio of 0.26. Colgate-Palmolive has a one year low of $82.68 and a one year high of $109.30.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate 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 earned $0.87 earnings per share. Equities research analysts expect that Colgate-Palmolive will post 3.74 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.31%. Colgate-Palmolive’s dividend payout ratio is presently 56.82%.

Analyst Ratings Changes

Several brokerages have issued reports on CL. Piper Sandler cut their price target on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. TD Cowen dropped their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their price objective on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday. StockNews.com cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $101.00 target price on shares of Colgate-Palmolive in a report on Wednesday, January 29th. One research 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’s stock. According to data from MarketBeat.com, Colgate-Palmolive currently has a consensus rating of “Hold” and a consensus price target of $101.16.

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.