Kohmann Bosshard Financial Services LLC Invests $26,000 in Colgate-Palmolive (NYSE:CL)

Kohmann Bosshard Financial Services LLC purchased a new position in shares of Colgate-Palmolive (NYSE:CL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 290 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC raised its position in shares of Colgate-Palmolive by 17.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 13,300 shares of the company’s stock worth $1,208,000 after purchasing an additional 1,935 shares during the period. Bridges Investment Management Inc. grew its holdings in shares of Colgate-Palmolive by 2.3% during the fourth quarter. Bridges Investment Management Inc. now owns 13,161 shares of the company’s stock worth $1,196,000 after buying an additional 299 shares in the last quarter. Purkiss Capital Advisors LLC bought a new position in shares of Colgate-Palmolive during the fourth quarter worth about $361,000. Capital Wealth Planning LLC grew its holdings in shares of Colgate-Palmolive by 80.8% during the fourth quarter. Capital Wealth Planning LLC now owns 3,607 shares of the company’s stock worth $328,000 after buying an additional 1,612 shares in the last quarter. Finally, Sherman Asset Management Inc. bought a new position in shares of Colgate-Palmolive during the fourth quarter worth about $71,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CL shares. JPMorgan Chase & Co. decreased their price objective on Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. StockNews.com upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating in a report on Monday. UBS Group decreased their price objective on Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Raymond James restated an “outperform” rating and issued a $105.00 price target (down from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. Finally, Barclays decreased their price target on Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Colgate-Palmolive has an average rating of “Moderate Buy” and an average price target of $101.61.

Colgate-Palmolive Stock Performance

Shares of NYSE CL opened at $92.74 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40. Colgate-Palmolive has a 12 month low of $85.32 and a 12 month high of $109.30. The stock has a 50 day moving average of $88.76 and a 200-day moving average of $95.37. The company has a market capitalization of $75.26 billion, a P/E ratio of 26.35, a P/E/G ratio of 4.20 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping 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 prior year, the company posted $0.87 earnings per share. As a group, equities research analysts predict that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, January 21st were issued 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 2.16%. Colgate-Palmolive’s payout ratio is currently 56.82%.

Colgate-Palmolive Company 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.