TigerOak Management L.L.C. Invests $831,000 in Colgate-Palmolive (NYSE:CL)

TigerOak Management L.L.C. purchased a new position in Colgate-Palmolive (NYSE:CL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,144 shares of the company’s stock, valued at approximately $831,000.

Other institutional investors have also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new stake in shares of Colgate-Palmolive in the fourth quarter worth approximately $32,000. Hager Investment Management Services LLC acquired a new stake in shares of Colgate-Palmolive in the fourth quarter worth approximately $36,000. Reston Wealth Management LLC acquired a new position in Colgate-Palmolive during the third quarter worth $42,000. Roxbury Financial LLC acquired a new position in Colgate-Palmolive during the fourth quarter worth $43,000. Finally, Capital Performance Advisors LLP acquired a new position in Colgate-Palmolive during the third quarter worth $53,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price objective on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” 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. StockNews.com downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. 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. Finally, TD Cowen reduced their target price on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.16.

Colgate-Palmolive Price Performance

CL stock opened at $86.10 on Friday. 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 company has a market capitalization of $70.34 billion, a PE ratio of 24.46, a P/E/G ratio of 4.12 and a beta of 0.44. Colgate-Palmolive has a 12-month low of $83.20 and a 12-month high of $109.30. The business’s fifty day moving average price is $89.53 and its 200 day moving average price is $96.38.

Colgate-Palmolive (NYSE:CL) last released 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 posted $0.87 earnings per share. On average, sell-side analysts anticipate that Colgate-Palmolive will post 3.73 EPS for the current 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 paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.32%. 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.