Evanson Asset Management LLC Sells 6,184 Shares of Colgate-Palmolive Company (NYSE:CL)

Evanson Asset Management LLC lowered its position in Colgate-Palmolive Company (NYSE:CL - Free Report) by 67.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,968 shares of the company's stock after selling 6,184 shares during the period. Evanson Asset Management LLC's holdings in Colgate-Palmolive were worth $278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CL. Kohmann Bosshard Financial Services LLC bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at approximately $27,000. Vermillion Wealth Management Inc. bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at approximately $31,000. Union Bancaire Privee UBP SA bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at approximately $32,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at approximately $32,000. Institutional investors own 80.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on Colgate-Palmolive from $83.00 to $88.00 and gave the stock an "underweight" rating in a report on Wednesday, April 2nd. Barclays dropped their price target on Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Citigroup lifted their price target on Colgate-Palmolive from $103.00 to $108.00 and gave the stock a "buy" rating in a report on Monday, April 28th. UBS Group lifted their price target on Colgate-Palmolive from $105.00 to $109.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, Wall Street Zen lowered Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $102.12.

Colgate-Palmolive Stock Performance

Shares of NYSE:CL traded down $0.34 during trading on Friday, hitting $87.85. 9,572,245 shares of the company were exchanged, compared to its average volume of 4,794,174. Colgate-Palmolive Company has a 52-week low of $85.32 and a 52-week high of $109.30. The stock has a 50 day moving average of $91.50 and a 200 day moving average of $90.80. The company has a debt-to-equity ratio of 8.96, a current ratio of 0.85 and a quick ratio of 0.54. The company has a market cap of $71.19 billion, a PE ratio of 24.82, a P/E/G ratio of 4.68 and a beta of 0.38.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.91 earnings per share (EPS) 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 analysts' expectations of $4.92 billion. Colgate-Palmolive had a return on equity of 461.04% and a net margin of 14.52%. The firm's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. As a group, equities research analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.08 dividend on an annualized basis and a yield of 2.37%. Colgate-Palmolive's dividend payout ratio is currently 58.76%.

Colgate-Palmolive declared that its Board of Directors has authorized a share repurchase program on Thursday, March 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership 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.