AE Wealth Management LLC Has $784,000 Stock Position in Colgate-Palmolive Company (NYSE:CL)

Key Points

• AE Wealth Management LLC reduced its stake in Colgate-Palmolive Company by 28.4%, resulting in a total holding valued at $784,000 after selling 3,312 shares.
• Colgate-Palmolive recently reported earnings of $0.91 per share, exceeding analysts' estimates of $0.86, despite a 3.0% revenue decline year-over-year.
• The company declared a quarterly dividend of $0.52 per share, with a dividend yield of 2.41%, demonstrating a solid commitment to returning value to shareholders.

AE Wealth Management LLC cut its stake in Colgate-Palmolive Company (NYSE:CL - Free Report) by 28.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,368 shares of the company's stock after selling 3,312 shares during the period. AE Wealth Management LLC's holdings in Colgate-Palmolive were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Colgate-Palmolive by 4.4% in the 4th quarter. Brighton Jones LLC now owns 10,578 shares of the company's stock valued at $962,000 after purchasing an additional 450 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in Colgate-Palmolive in the fourth quarter valued at approximately $36,000. Pictet Asset Management Holding SA boosted its stake in Colgate-Palmolive by 13.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 456,501 shares of the company's stock valued at $41,501,000 after acquiring an additional 53,942 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Colgate-Palmolive by 6.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 46,240 shares of the company's stock worth $4,204,000 after acquiring an additional 2,943 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in Colgate-Palmolive by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 220,030 shares of the company's stock valued at $20,003,000 after purchasing an additional 4,576 shares during the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Price Performance

Shares of CL opened at $86.45 on Tuesday. The company has a market cap of $70.06 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 4.53 and a beta of 0.37. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 8.96. The company's fifty day simple moving average is $90.13 and its 200 day simple moving average is $90.39. Colgate-Palmolive Company has a 1-year low of $85.32 and a 1-year high of $109.30.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. Colgate-Palmolive had a return on equity of 461.04% and a net margin of 14.52%. The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The business's revenue was down 3.0% compared to the same quarter last year. On average, research analysts forecast that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Friday, July 18th. Colgate-Palmolive's dividend payout ratio (DPR) is presently 58.76%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CL. UBS Group decreased their target price on Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. decreased their price objective on shares of Colgate-Palmolive from $103.00 to $99.00 and set an "overweight" rating for the company in a report on Friday. Wells Fargo & Company increased their target price on shares of Colgate-Palmolive from $83.00 to $88.00 and gave the stock an "underweight" rating in a report on Wednesday, April 2nd. Piper Sandler decreased their price target 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. Finally, Wall Street Zen cut Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $100.77.

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.

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