Simplicity Wealth LLC Decreases Position in Colgate-Palmolive (NYSE:CL)

Simplicity Wealth LLC trimmed its holdings in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 80.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,055 shares of the company's stock after selling 12,592 shares during the period. Simplicity Wealth LLC's holdings in Colgate-Palmolive were worth $278,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Colgate-Palmolive in the fourth quarter worth about $26,000. Centricity Wealth Management LLC bought a new stake in shares of Colgate-Palmolive during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new stake in shares of Colgate-Palmolive during the fourth quarter worth approximately $32,000. OFI Invest Asset Management bought a new stake in Colgate-Palmolive in the fourth quarter valued at approximately $36,000. Finally, Bernard Wealth Management Corp. bought a new stake in Colgate-Palmolive in the fourth quarter valued at approximately $36,000. 80.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CL shares. 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. Piper Sandler lowered their price objective 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. Wells Fargo & Company lowered their price objective on shares of Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lowered 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 report on Monday, February 3rd. Finally, Stifel Nicolaus lowered their price objective on shares of Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $101.61.

Remove Ads

Colgate-Palmolive Price Performance

Shares of CL traded down $2.00 during midday trading on Wednesday, hitting $92.10. 2,680,032 shares of the company traded hands, compared to its average volume of 4,157,013. The stock has a 50-day moving average of $89.03 and a 200-day moving average of $94.99. Colgate-Palmolive has a one year low of $85.32 and a one year high of $109.30. The firm has a market cap of $74.74 billion, a P/E ratio of 26.16, a PEG ratio of 4.20 and a beta of 0.40. The company has a debt-to-equity ratio of 13.40, a current ratio of 0.92 and a quick ratio of 0.58.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.91 EPS 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 business posted $0.87 EPS. As a group, sell-side analysts predict that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

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.