13,520 Shares in Colgate-Palmolive (NYSE:CL) Bought by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new position in shares of Colgate-Palmolive (NYSE:CL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,520 shares of the company's stock, valued at approximately $1,229,000.

Other hedge funds also recently modified their holdings of the company. Peak Retirement Planning Inc. acquired a new stake in shares of Colgate-Palmolive in the fourth quarter worth approximately $792,000. North Star Asset Management Inc. boosted its position in shares of Colgate-Palmolive by 24.8% in the fourth quarter. North Star Asset Management Inc. now owns 8,798 shares of the company's stock worth $800,000 after acquiring an additional 1,750 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Colgate-Palmolive in the fourth quarter worth approximately $2,192,000. Pacific Point Advisors LLC acquired a new stake in shares of Colgate-Palmolive in the fourth quarter worth approximately $1,283,000. Finally, Vise Technologies Inc. raised its holdings in Colgate-Palmolive by 64.3% in the fourth quarter. Vise Technologies Inc. now owns 17,586 shares of the company's stock valued at $1,599,000 after buying an additional 6,883 shares during the period. 80.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CL. Citigroup raised their price target on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the company a "buy" rating in a report on Monday, April 28th. Morgan Stanley cut their price target on shares of Colgate-Palmolive from $111.00 to $104.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Stifel Nicolaus dropped their price objective on shares of Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. Piper Sandler dropped their price objective on shares of Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Finally, Raymond James reiterated an "outperform" rating and set a $105.00 price objective (down previously from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $102.12.

Colgate-Palmolive Stock Down 0.8%

CL stock traded down $0.71 during mid-day trading on Wednesday, hitting $91.72. 5,267,044 shares of the company were exchanged, compared to its average volume of 4,685,608. The company has a debt-to-equity ratio of 13.40, a quick ratio of 0.58 and a current ratio of 0.92. Colgate-Palmolive has a 1-year low of $85.32 and a 1-year high of $109.30. The firm has a market cap of $74.33 billion, a P/E ratio of 26.06, a P/E/G ratio of 4.20 and a beta of 0.39. The firm's 50 day simple moving average is $91.90 and its 200 day simple moving average is $91.25.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its 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. The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.92 billion. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. On average, sell-side analysts predict that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 17th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.27%. This is an increase from Colgate-Palmolive's previous quarterly dividend of $0.50. The ex-dividend date was Thursday, April 17th. Colgate-Palmolive's payout ratio is presently 58.76%.

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

Colgate-Palmolive Company Profile

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.