Principal Securities Inc. Acquires 1,800 Shares of Colgate-Palmolive (NYSE:CL)

Principal Securities Inc. boosted its holdings in shares of Colgate-Palmolive (NYSE:CL) by 21.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,322 shares of the company’s stock after buying an additional 1,800 shares during the period. Principal Securities Inc.’s holdings in Colgate-Palmolive were worth $938,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CL. Swedbank AB boosted its stake in Colgate-Palmolive by 1.4% during the third quarter. Swedbank AB now owns 2,950,059 shares of the company’s stock valued at $306,246,000 after buying an additional 40,324 shares during the period. Blue Trust Inc. raised its position in Colgate-Palmolive by 314.4% during the third quarter. Blue Trust Inc. now owns 5,263 shares of the company’s stock valued at $511,000 after purchasing an additional 3,993 shares in the last quarter. Raleigh Capital Management Inc. raised its position in Colgate-Palmolive by 52.0% during the third quarter. Raleigh Capital Management Inc. now owns 856 shares of the company’s stock valued at $89,000 after purchasing an additional 293 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Colgate-Palmolive by 0.6% during the third quarter. Sequoia Financial Advisors LLC now owns 20,392 shares of the company’s stock valued at $2,117,000 after purchasing an additional 113 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Colgate-Palmolive during the third quarter valued at about $969,000. Institutional investors own 80.41% of the company’s stock.

Colgate-Palmolive Stock Performance

Colgate-Palmolive stock opened at $87.32 on Thursday. The stock’s 50 day simple moving average is $89.13 and its two-hundred day simple moving average is $96.05. The company has a debt-to-equity ratio of 13.40, a quick ratio of 0.58 and a current ratio of 0.92. The stock has a market cap of $70.86 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 4.10 and a beta of 0.44. Colgate-Palmolive has a fifty-two week low of $83.70 and a fifty-two week high of $109.30.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, analysts expect that Colgate-Palmolive will post 3.76 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.29%. Colgate-Palmolive’s payout ratio is 56.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CL shares. Piper Sandler lowered their price target on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Stifel Nicolaus lowered their price target on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. TD Cowen lowered their price target on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Raymond James reiterated an “outperform” rating and issued a $105.00 price objective (down previously from $110.00) on shares of Colgate-Palmolive in a report on Monday, February 3rd. Finally, Wells Fargo & Company decreased their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.