Colgate-Palmolive (NYSE:CL) Stock Holdings Boosted by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC raised its position in shares of Colgate-Palmolive (NYSE:CL) by 141.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,906 shares of the company’s stock after purchasing an additional 9,311 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Colgate-Palmolive were worth $1,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CL. Union Bancaire Privee UBP SA bought a new position in Colgate-Palmolive during the 4th quarter valued at $32,000. Hager Investment Management Services LLC bought a new position in Colgate-Palmolive during the 4th quarter valued at $36,000. Reston Wealth Management LLC bought a new position in Colgate-Palmolive during the 3rd quarter valued at $42,000. Roxbury Financial LLC bought a new position in Colgate-Palmolive during the 4th quarter valued at $43,000. Finally, Synergy Asset Management LLC bought a new position in Colgate-Palmolive during the 4th quarter valued at $49,000. 80.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $101.00 price objective on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. TD Cowen reduced their price objective on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. StockNews.com lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Raymond James reissued an “outperform” rating and set a $105.00 price objective (down from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.16.

Colgate-Palmolive Price Performance

CL opened at $87.80 on Friday. The stock has a market cap of $71.25 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 4.12 and a beta of 0.44. Colgate-Palmolive has a 1 year low of $84.45 and a 1 year high of $109.30. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40. The stock has a fifty day moving average price of $89.02 and a 200 day moving average price of $95.99.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earned $0.87 earnings per share. Analysts forecast that Colgate-Palmolive will post 3.76 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, January 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.28%. Colgate-Palmolive’s payout ratio is 56.82%.

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.