Colgate-Palmolive (NYSE:CL) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP cut its stake in shares of Colgate-Palmolive (NYSE:CL) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 802,400 shares of the company’s stock after selling 4,500 shares during the period. Yacktman Asset Management LP owned about 0.10% of Colgate-Palmolive worth $72,946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Union Bancaire Privee UBP SA acquired a new position in Colgate-Palmolive in the 4th quarter valued at $32,000. Hager Investment Management Services LLC purchased a new stake in shares of Colgate-Palmolive during the fourth quarter worth $36,000. Reston Wealth Management LLC acquired a new stake in shares of Colgate-Palmolive in the third quarter valued at about $42,000. Synergy Asset Management LLC purchased a new position in shares of Colgate-Palmolive in the fourth quarter worth about $49,000. Finally, Capital Performance Advisors LLP acquired a new position in Colgate-Palmolive during the third quarter worth about $53,000. 80.41% of the stock is owned by hedge funds and other institutional investors.

Colgate-Palmolive Trading Down 0.9 %

NYSE:CL opened at $85.94 on Tuesday. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.26 and a current ratio of 0.41. Colgate-Palmolive has a 1 year low of $82.68 and a 1 year high of $109.30. The stock has a market cap of $70.21 billion, a P/E ratio of 24.41, a P/E/G ratio of 4.12 and a beta of 0.44. The stock has a 50-day simple moving average of $90.36 and a 200-day simple moving average of $96.77.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share 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 previous year, the company earned $0.87 EPS. As a group, analysts anticipate that Colgate-Palmolive will post 3.73 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.33%. Colgate-Palmolive’s dividend payout ratio is presently 56.82%.

Analysts Set New Price Targets

CL has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $101.00 target price on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. Morgan Stanley lowered their price objective on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Piper Sandler cut their target price on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Raymond James reissued an “outperform” rating and set a $105.00 price target (down previously from $110.00) on shares of Colgate-Palmolive in a research report on Monday, February 3rd. Finally, Barclays cut 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 research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.16.

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.