Bartlett & CO. Wealth Management LLC Has $9.56 Million Stock Holdings in Colgate-Palmolive Company (NYSE:CL)

Bartlett & CO. Wealth Management LLC reduced its stake in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,005 shares of the company's stock after selling 4,433 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Colgate-Palmolive were worth $9,558,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Colgate-Palmolive during the 4th quarter worth $26,000. Vermillion Wealth Management Inc. bought a new position in Colgate-Palmolive during the fourth quarter worth $31,000. Briaud Financial Planning Inc acquired a new position in Colgate-Palmolive during the 4th quarter valued at $32,000. Wintrust Investments LLC bought a new stake in Colgate-Palmolive in the 4th quarter valued at $33,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Colgate-Palmolive in the fourth quarter valued at about $33,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays lowered their price objective on Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Citigroup increased their price objective on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the company a "buy" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of Colgate-Palmolive from $95.00 to $103.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Wall Street Zen cut shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company raised their price target on shares of Colgate-Palmolive from $83.00 to $88.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $101.69.

Colgate-Palmolive Price Performance

NYSE:CL traded up $2.25 during mid-day trading on Monday, reaching $90.96. 5,574,446 shares of the company were exchanged, compared to its average volume of 5,330,541. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 8.96. The stock has a market cap of $73.72 billion, a PE ratio of 25.69, a PEG ratio of 4.71 and a beta of 0.38. Colgate-Palmolive Company has a 12 month low of $85.32 and a 12 month high of $109.30. The company has a fifty day moving average of $90.86 and a 200 day moving average of $90.56.

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

Colgate-Palmolive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, July 18th. Colgate-Palmolive's dividend payout ratio is 58.76%.

Colgate-Palmolive declared that its board has initiated a share repurchase plan on Thursday, March 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management 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.