Crestwood Advisors Group LLC Acquires 194 Shares of Colgate-Palmolive (NYSE:CL)

Crestwood Advisors Group LLC grew its holdings in shares of Colgate-Palmolive (NYSE:CL) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,370 shares of the company’s stock after acquiring an additional 194 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Colgate-Palmolive were worth $3,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CL. Y Intercept Hong Kong Ltd lifted its holdings in shares of Colgate-Palmolive by 52.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,641 shares of the company’s stock worth $3,604,000 after acquiring an additional 13,698 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Colgate-Palmolive during the fourth quarter valued at about $32,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Colgate-Palmolive by 41.3% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 334,284 shares of the company’s stock worth $30,390,000 after purchasing an additional 97,700 shares during the last quarter. Delta Financial Group Inc. purchased a new position in shares of Colgate-Palmolive in the 4th quarter worth about $526,000. Finally, Ascent Wealth Partners LLC bought a new position in shares of Colgate-Palmolive during the 4th quarter valued at about $287,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CL. Raymond James restated an “outperform” rating and issued a $105.00 target price (down previously from $110.00) on shares of Colgate-Palmolive in a research report on Monday, February 3rd. StockNews.com lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. UBS Group cut their price objective on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Barclays decreased their target price on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Stifel Nicolaus cut their price target on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Stock Performance

Shares of CL stock opened at $90.10 on Tuesday. The firm has a market capitalization of $73.12 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 4.20 and a beta of 0.44. The stock has a fifty day moving average of $88.88 and a 200 day moving average of $95.73. Colgate-Palmolive has a 52 week low of $85.32 and a 52 week high of $109.30. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 13.40.

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 net margin of 14.38% and a return on equity of 477.77%. During the same period in the previous year, the business posted $0.87 earnings per share. As a group, research analysts expect that Colgate-Palmolive will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.22%. Colgate-Palmolive’s payout ratio is 56.82%.

Colgate-Palmolive Company 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.