Resurgent Financial Advisors LLC Makes New $454,000 Investment in Colgate-Palmolive (NYSE:CL)

Resurgent Financial Advisors LLC acquired a new stake in shares of Colgate-Palmolive (NYSE:CL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,991 shares of the company's stock, valued at approximately $454,000.

A number of other institutional investors also recently made changes to their positions in CL. Main Street Financial Solutions LLC grew its stake in shares of Colgate-Palmolive by 38.8% in the fourth quarter. Main Street Financial Solutions LLC now owns 5,681 shares of the company's stock worth $516,000 after purchasing an additional 1,587 shares during the last quarter. United Capital Financial Advisors LLC boosted its holdings in shares of Colgate-Palmolive by 37.0% during the 4th quarter. United Capital Financial Advisors LLC now owns 103,308 shares of the company's stock valued at $9,392,000 after buying an additional 27,884 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of Colgate-Palmolive by 23.1% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 22,023 shares of the company's stock valued at $2,002,000 after purchasing an additional 4,135 shares in the last quarter. Guggenheim Capital LLC increased its position in Colgate-Palmolive by 2.8% during the 4th quarter. Guggenheim Capital LLC now owns 131,799 shares of the company's stock valued at $11,982,000 after buying an additional 3,559 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Colgate-Palmolive in the 4th quarter worth about $3,347,000. Hedge funds and other institutional investors own 80.41% of the company's stock.

Wall Street Analyst Weigh In

CL has been the topic of several analyst reports. Stifel Nicolaus lowered their price objective on Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. 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 report on Monday, February 3rd. StockNews.com lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday. UBS Group raised their price target on Colgate-Palmolive from $105.00 to $109.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Piper Sandler reduced their price objective on Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $102.17.

Colgate-Palmolive Trading Up 2.1 %

CL stock traded up $2.00 during trading on Friday, hitting $95.49. The company had a trading volume of 7,029,569 shares, compared to its average volume of 4,590,228. Colgate-Palmolive has a 52-week low of $85.32 and a 52-week high of $109.30. The company has a 50 day simple moving average of $91.31 and a 200-day simple moving average of $92.43. The firm has a market capitalization of $77.45 billion, a P/E ratio of 27.13, a PEG ratio of 4.20 and a beta of 0.40. 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 - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the business posted $0.87 EPS. As a group, research analysts forecast that Colgate-Palmolive will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Colgate-Palmolive's previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.18%. Colgate-Palmolive's dividend payout ratio (DPR) is currently 59.09%.

Colgate-Palmolive announced that its board has approved a share buyback plan on Thursday, March 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

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.