Vest Financial LLC Has $52.29 Million Position in Colgate-Palmolive (NYSE:CL)

Vest Financial LLC raised its stake in Colgate-Palmolive (NYSE:CL) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 575,181 shares of the company’s stock after buying an additional 69,982 shares during the quarter. Vest Financial LLC owned 0.07% of Colgate-Palmolive worth $52,290,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CL. Chicago Partners Investment Group LLC raised its position in Colgate-Palmolive by 16.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 6,752 shares of the company’s stock valued at $591,000 after acquiring an additional 943 shares in the last quarter. Peak Financial Advisors LLC acquired a new position in shares of Colgate-Palmolive during the 4th quarter worth $1,315,000. Gordian Advisors LLC bought a new position in shares of Colgate-Palmolive during the 3rd quarter valued at $602,000. Carrera Capital Advisors boosted its holdings in Colgate-Palmolive by 23.1% in the third quarter. Carrera Capital Advisors now owns 39,170 shares of the company’s stock worth $4,066,000 after purchasing an additional 7,353 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in Colgate-Palmolive during the fourth quarter worth $4,066,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Stock Up 1.3 %

Shares of CL stock opened at $86.81 on Friday. Colgate-Palmolive has a one year low of $82.68 and a one year high of $109.30. The company has a debt-to-equity ratio of 9.46, a current ratio of 0.41 and a quick ratio of 0.26. The stock has a fifty day moving average price of $90.56 and a 200 day moving average price of $96.84. The stock has a market cap of $70.93 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.61 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. During the same quarter in the prior year, the business posted $0.87 earnings per share. Analysts predict that Colgate-Palmolive will post 3.74 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.30%. Colgate-Palmolive’s payout ratio is presently 56.82%.

Analyst Ratings Changes

CL has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Piper Sandler decreased their target price on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. UBS Group dropped their price target on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Barclays decreased their price objective on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $101.00 target price on shares of Colgate-Palmolive in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.16.

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.