Coho Partners Ltd. Lowers Stake in Colgate-Palmolive (NYSE:CL)

Coho Partners Ltd. decreased its position in Colgate-Palmolive (NYSE:CL - Free Report) by 35.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,121 shares of the company's stock after selling 49,184 shares during the quarter. Coho Partners Ltd.'s holdings in Colgate-Palmolive were worth $8,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. D Orazio & Associates Inc. raised its stake in Colgate-Palmolive by 3.9% in the third quarter. D Orazio & Associates Inc. now owns 2,862 shares of the company's stock worth $297,000 after buying an additional 108 shares in the last quarter. Fiducient Advisors LLC raised its position in shares of Colgate-Palmolive by 5.2% in the 3rd quarter. Fiducient Advisors LLC now owns 2,231 shares of the company's stock worth $232,000 after acquiring an additional 110 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Colgate-Palmolive by 0.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,392 shares of the company's stock worth $2,117,000 after purchasing an additional 113 shares during the last quarter. Waldron Private Wealth LLC boosted its position in Colgate-Palmolive by 2.1% during the third quarter. Waldron Private Wealth LLC now owns 5,632 shares of the company's stock valued at $585,000 after purchasing an additional 118 shares in the last quarter. Finally, Commonwealth Financial Services LLC grew its stake in Colgate-Palmolive by 4.5% in the fourth quarter. Commonwealth Financial Services LLC now owns 2,716 shares of the company's stock valued at $247,000 after purchasing an additional 118 shares during the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on CL shares. Piper Sandler decreased their price target on shares of Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. StockNews.com cut shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Barclays lowered their target price on shares of Colgate-Palmolive from $96.00 to $83.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Wells Fargo & Company reduced their price target on Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 7th. Finally, TD Cowen lowered their price objective on Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. One research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $101.16.

Colgate-Palmolive Stock Performance

NYSE:CL traded up $0.37 during midday trading on Tuesday, hitting $86.41. The company's stock had a trading volume of 3,827,625 shares, compared to its average volume of 4,960,612. The company has a debt-to-equity ratio of 9.46, a current ratio of 0.41 and a quick ratio of 0.26. Colgate-Palmolive has a fifty-two week low of $83.70 and a fifty-two week high of $109.30. The firm's 50 day moving average is $89.39 and its 200-day moving average is $96.22. The firm has a market cap of $70.60 billion, a P/E ratio of 24.55, a P/E/G ratio of 4.12 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, topping 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 company earned $0.87 EPS. Equities analysts anticipate that Colgate-Palmolive will post 3.73 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.31%. Colgate-Palmolive's dividend payout ratio (DPR) is presently 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.