Empower Advisory Group LLC Sells 10,489 Shares of Colgate-Palmolive (NYSE:CL)

Empower Advisory Group LLC trimmed its holdings in Colgate-Palmolive (NYSE:CL - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,309 shares of the company's stock after selling 10,489 shares during the quarter. Empower Advisory Group LLC's holdings in Colgate-Palmolive were worth $14,846,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its position in shares of Colgate-Palmolive by 2.0% during the fourth quarter. CIBC Asset Management Inc now owns 193,309 shares of the company's stock worth $17,559,000 after acquiring an additional 3,784 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Colgate-Palmolive in the 4th quarter worth $99,000. Americana Partners LLC boosted its holdings in shares of Colgate-Palmolive by 2,412.7% during the 4th quarter. Americana Partners LLC now owns 86,136 shares of the company's stock valued at $7,831,000 after purchasing an additional 82,708 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its position in shares of Colgate-Palmolive by 16.7% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,912 shares of the company's stock valued at $628,000 after purchasing an additional 990 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of Colgate-Palmolive in the fourth quarter worth about $61,000. 80.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CL shares. Piper Sandler dropped their price target on Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. StockNews.com downgraded Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Stifel Nicolaus cut their target price on shares of Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating for the company in a report on Monday, February 3rd. UBS Group decreased their price target on shares of Colgate-Palmolive from $104.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, Morgan Stanley dropped their price objective on shares of Colgate-Palmolive from $111.00 to $104.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $101.16.

Colgate-Palmolive Trading Up 1.9 %

Shares of CL stock traded up $1.69 on Friday, reaching $89.56. 4,747,229 shares of the company's stock were exchanged, compared to its average volume of 4,884,892. The company's fifty day simple moving average is $88.94 and its 200 day simple moving average is $95.91. Colgate-Palmolive has a 52 week low of $84.45 and a 52 week high of $109.30. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40. The stock has a market capitalization of $72.68 billion, a PE ratio of 25.44, a P/E/G ratio of 4.18 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its earnings results on Friday, January 31st. The company reported $0.91 earnings per share 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 prior year, the business earned $0.87 earnings per share. As a group, analysts forecast that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.23%. Colgate-Palmolive's dividend payout ratio (DPR) is 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.