Asset Management One Co. Ltd. Purchases 16,036 Shares of Colgate-Palmolive (NYSE:CL)

Asset Management One Co. Ltd. boosted its position in shares of Colgate-Palmolive (NYSE:CL) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,938 shares of the company’s stock after purchasing an additional 16,036 shares during the period. Asset Management One Co. Ltd.’s holdings in Colgate-Palmolive were worth $36,076,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its holdings in Colgate-Palmolive by 16.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 6,752 shares of the company’s stock worth $591,000 after purchasing an additional 943 shares in the last quarter. Peak Financial Advisors LLC bought a new position in Colgate-Palmolive during the 4th quarter worth about $1,315,000. Gordian Advisors LLC bought a new position in Colgate-Palmolive during the 3rd quarter worth about $602,000. Carrera Capital Advisors grew its holdings in shares of Colgate-Palmolive by 23.1% in the 3rd quarter. Carrera Capital Advisors now owns 39,170 shares of the company’s stock valued at $4,066,000 after acquiring an additional 7,353 shares in the last quarter. Finally, Fiduciary Alliance LLC bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $4,066,000. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CL shares. Barclays decreased their price objective on Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. 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. TD Cowen decreased their price objective on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $101.16.

Colgate-Palmolive Trading Down 1.9 %

Shares of CL stock opened at $86.10 on Friday. Colgate-Palmolive has a 12-month low of $83.20 and a 12-month high of $109.30. The firm has a 50 day moving average price of $89.69 and a two-hundred day moving average price of $96.48. The company has a market capitalization of $70.34 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 4.12 and a beta of 0.44. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 9.46.

Colgate-Palmolive (NYSE:CL) last announced 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 net margin of 14.38% and a return on equity of 477.77%. During the same quarter in the previous year, the firm earned $0.87 EPS. As a group, analysts predict that Colgate-Palmolive will post 3.73 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.32%. Colgate-Palmolive’s dividend payout ratio is presently 56.82%.

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.