Sierra Ocean LLC Takes Position in Colgate-Palmolive (NYSE:CL)

Sierra Ocean LLC bought a new stake in Colgate-Palmolive (NYSE:CL) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 670 shares of the company’s stock, valued at approximately $61,000.

Several other large investors also recently made changes to their positions in CL. Creative Planning lifted its position in Colgate-Palmolive by 2.0% in the 3rd quarter. Creative Planning now owns 218,018 shares of the company’s stock valued at $22,632,000 after acquiring an additional 4,372 shares in the last quarter. Swedbank AB lifted its position in Colgate-Palmolive by 1.4% in the 3rd quarter. Swedbank AB now owns 2,950,059 shares of the company’s stock valued at $306,246,000 after acquiring an additional 40,324 shares in the last quarter. Global Retirement Partners LLC lifted its position in Colgate-Palmolive by 16.5% in the 3rd quarter. Global Retirement Partners LLC now owns 7,466 shares of the company’s stock valued at $775,000 after acquiring an additional 1,056 shares in the last quarter. Blue Trust Inc. lifted its position in Colgate-Palmolive by 314.4% in the 3rd quarter. Blue Trust Inc. now owns 5,263 shares of the company’s stock valued at $511,000 after acquiring an additional 3,993 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in Colgate-Palmolive by 4.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 9,396 shares of the company’s stock valued at $975,000 after acquiring an additional 384 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CL has been the topic of several recent research reports. Piper Sandler dropped their price target on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. TD Cowen dropped their target price on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their target price on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley dropped their target price on shares of Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $101.16.

Colgate-Palmolive Stock Down 1.9 %

Colgate-Palmolive stock opened at $86.10 on Tuesday. Colgate-Palmolive has a 1-year low of $83.20 and a 1-year high of $109.30. The firm has a market capitalization of $70.34 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 4.12 and a beta of 0.44. 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 50 day simple moving average of $89.53 and a 200 day simple moving average of $96.33.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, beating 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 period last year, the business posted $0.87 earnings per share. On average, analysts predict that Colgate-Palmolive will post 3.73 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, January 21st were paid a $0.50 dividend. The ex-dividend date of this dividend 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 is 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.