Colgate-Palmolive Company (NYSE:CL) Position Boosted by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC lifted its stake in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 564.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,406 shares of the company's stock after acquiring an additional 17,334 shares during the period. Colgate-Palmolive accounts for approximately 1.2% of Secured Retirement Advisors LLC's portfolio, making the stock its 18th biggest holding. Secured Retirement Advisors LLC's holdings in Colgate-Palmolive were worth $1,912,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CL. Cornerstone Wealth Management LLC increased its stake in Colgate-Palmolive by 1.2% in the first quarter. Cornerstone Wealth Management LLC now owns 9,035 shares of the company's stock valued at $847,000 after purchasing an additional 110 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Colgate-Palmolive by 0.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 38,786 shares of the company's stock valued at $3,526,000 after acquiring an additional 117 shares during the last quarter. Wescott Financial Advisory Group LLC lifted its holdings in shares of Colgate-Palmolive by 3.5% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 3,517 shares of the company's stock worth $320,000 after acquiring an additional 119 shares during the period. Aberdeen Wealth Management LLC boosted its position in shares of Colgate-Palmolive by 0.6% in the fourth quarter. Aberdeen Wealth Management LLC now owns 20,651 shares of the company's stock worth $1,877,000 after acquiring an additional 125 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Colgate-Palmolive by 4.0% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,388 shares of the company's stock valued at $317,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 80.41% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CL shares. Citigroup upped 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, April 28th. UBS Group raised their price target on shares of Colgate-Palmolive from $105.00 to $109.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Piper Sandler reduced their price target on shares of Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. increased their price objective on shares of Colgate-Palmolive from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Finally, Wells Fargo & Company lifted their target price on shares of Colgate-Palmolive from $83.00 to $88.00 and gave the company an "underweight" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $101.13.

Colgate-Palmolive Stock Performance

CL stock traded down $1.02 on Friday, reaching $89.60. The company's stock had a trading volume of 4,372,701 shares, compared to its average volume of 4,858,909. The firm has a fifty day moving average of $90.63 and a two-hundred day moving average of $90.51. 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 capitalization of $72.61 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 4.74 and a beta of 0.37. Colgate-Palmolive Company has a 52 week low of $85.32 and a 52 week high of $109.30.

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

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

Colgate-Palmolive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, July 18th. Colgate-Palmolive's dividend payout ratio (DPR) is presently 58.76%.

Colgate-Palmolive 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.