IHT Wealth Management LLC Has $1.32 Million Stake in Colgate-Palmolive (NYSE:CL)

IHT Wealth Management LLC reduced its stake in Colgate-Palmolive (NYSE:CL - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,541 shares of the company's stock after selling 6,836 shares during the period. IHT Wealth Management LLC's holdings in Colgate-Palmolive were worth $1,322,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CL. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth $26,000. Centricity Wealth Management LLC purchased a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $27,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Colgate-Palmolive during the 4th quarter worth about $32,000. Briaud Financial Planning Inc acquired a new position in Colgate-Palmolive in the fourth quarter valued at approximately $32,000. Finally, Wintrust Investments LLC purchased a new position in Colgate-Palmolive in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.41% of the company's stock.

Analyst Upgrades and Downgrades

CL has been the subject of several research analyst reports. Piper Sandler lowered their target price on shares of Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Citigroup raised their price target on Colgate-Palmolive from $103.00 to $108.00 and gave the stock a "buy" rating in a research note on Monday. Wells Fargo & Company boosted their price objective on Colgate-Palmolive from $83.00 to $88.00 and gave the company an "underweight" rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised their target price on shares of Colgate-Palmolive from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, StockNews.com lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $102.39.

Colgate-Palmolive Price Performance

CL stock traded up $1.29 during trading on Tuesday, hitting $92.25. 1,788,230 shares of the stock traded hands, compared to its average volume of 4,649,403. The stock has a market cap of $74.82 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 4.20 and a beta of 0.40. Colgate-Palmolive has a one year low of $85.32 and a one year 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 company has a 50 day simple moving average of $92.14 and a 200 day simple moving average of $92.05.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the firm earned $0.86 EPS. The company's revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts expect that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be paid a dividend of $0.52 per share. This is a positive change from Colgate-Palmolive's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.08 annualized dividend and a yield of 2.25%. Colgate-Palmolive's dividend payout ratio (DPR) is presently 59.09%.

Colgate-Palmolive announced that its board has authorized a stock buyback program on Thursday, March 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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.