9,144 Shares in Colgate-Palmolive (NYSE:CL) Purchased by TigerOak Management L.L.C.

TigerOak Management L.L.C. acquired a new stake in shares of Colgate-Palmolive (NYSE:CL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,144 shares of the company's stock, valued at approximately $831,000.

Other institutional investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA purchased a new stake in shares of Colgate-Palmolive in the 4th quarter worth $32,000. Hager Investment Management Services LLC bought a new stake in Colgate-Palmolive during the fourth quarter valued at about $36,000. Reston Wealth Management LLC purchased a new stake in Colgate-Palmolive in the third quarter worth about $42,000. Roxbury Financial LLC bought a new position in shares of Colgate-Palmolive in the fourth quarter worth about $43,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Colgate-Palmolive during the 4th quarter valued at about $49,000. Institutional investors own 80.41% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. TD Cowen decreased their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada restated a "sector perform" rating and set a $101.00 target price on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. Morgan Stanley cut their price target on Colgate-Palmolive from $111.00 to $104.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $101.16.

Colgate-Palmolive Price Performance

Shares of NYSE:CL traded up $0.93 on Wednesday, reaching $87.32. The company's stock had a trading volume of 4,306,951 shares, compared to its average volume of 4,940,192. The company has a 50-day simple moving average of $89.24 and a 200 day simple moving average of $96.11. Colgate-Palmolive has a 52-week low of $83.70 and a 52-week high of $109.30. The company has a debt-to-equity ratio of 13.40, a quick ratio of 0.58 and a current ratio of 0.92. The company has a market cap of $70.86 billion, a P/E ratio of 24.81, a PEG ratio of 4.10 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, beating 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 in the prior year, the business posted $0.87 earnings per share. As a group, equities research analysts anticipate that Colgate-Palmolive will post 3.76 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Tuesday, January 21st. Colgate-Palmolive's dividend payout ratio is currently 56.82%.

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.