Platform Technology Partners Acquires 432 Shares of Colgate-Palmolive (NYSE:CL)

Platform Technology Partners boosted its holdings in shares of Colgate-Palmolive (NYSE:CL) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,851 shares of the company’s stock after purchasing an additional 432 shares during the quarter. Platform Technology Partners’ holdings in Colgate-Palmolive were worth $1,441,000 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 business. Union Bancaire Privee UBP SA bought a new stake in shares of Colgate-Palmolive in the fourth quarter worth about $32,000. Hager Investment Management Services LLC bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $36,000. Reston Wealth Management LLC purchased a new position in shares of Colgate-Palmolive in the 3rd quarter worth approximately $42,000. Capital Performance Advisors LLP bought a new stake in Colgate-Palmolive in the third quarter worth $53,000. Finally, Synergy Asset Management LLC bought a new position in Colgate-Palmolive during the fourth quarter valued at $49,000. 80.41% of the stock is currently owned by institutional investors.

Colgate-Palmolive Trading Up 1.3 %

NYSE CL opened at $86.81 on Friday. The stock has a market cap of $70.93 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.61 and a beta of 0.44. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 9.46. Colgate-Palmolive has a 12-month low of $82.68 and a 12-month high of $109.30. The company has a fifty day simple moving average of $90.56 and a two-hundred day simple moving average of $96.84.

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, 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 last year, the company posted $0.87 earnings per share. On average, analysts forecast that Colgate-Palmolive will post 3.74 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

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 given 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 2.30%. Colgate-Palmolive’s dividend payout ratio is presently 56.82%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CL. Raymond James reaffirmed an “outperform” rating and set a $105.00 price target (down from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. Piper Sandler dropped their price objective on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. StockNews.com cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $101.00 price objective on shares of Colgate-Palmolive in a report on Wednesday, January 29th. Finally, TD Cowen dropped their target price on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Colgate-Palmolive presently has a consensus rating of “Hold” and a consensus target price of $101.16.

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.