Catalyst Capital Advisors LLC Invests $99,000 in Colgate-Palmolive (NYSE:CL)

Catalyst Capital Advisors LLC bought a new position in shares of Colgate-Palmolive (NYSE:CL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,088 shares of the company’s stock, valued at approximately $99,000.

Other large investors also recently made changes to their positions in the company. Union Bancaire Privee UBP SA bought a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $32,000. Hager Investment Management Services LLC bought a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $36,000. Reston Wealth Management LLC bought a new position in shares of Colgate-Palmolive during the third quarter worth approximately $42,000. Roxbury Financial LLC bought a new position in Colgate-Palmolive during the 4th quarter worth $43,000. Finally, Synergy Asset Management LLC bought a new position in Colgate-Palmolive during the 4th quarter worth $49,000. Institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CL shares. UBS Group lowered their price objective on Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company lowered their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada restated a “sector perform” rating and set a $101.00 price objective on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. Raymond James restated an “outperform” rating and set a $105.00 price objective (down previously from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. Finally, Stifel Nicolaus reduced their target price on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.16.

Colgate-Palmolive Trading Up 0.4 %

NYSE CL opened at $86.41 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 9.46. Colgate-Palmolive has a twelve month low of $83.70 and a twelve month high of $109.30. The company has a market cap of $70.60 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 4.12 and a beta of 0.44. The business’s fifty day moving average is $89.39 and its 200 day moving average is $96.22.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 31st. The company reported $0.91 earnings per share (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 last year, the company posted $0.87 earnings per share. As a group, sell-side analysts expect that Colgate-Palmolive will post 3.73 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, January 21st were 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 was Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio is currently 56.82%.

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.