Colgate-Palmolive (NYSE:CL) Shares Sold by Wilkins Investment Counsel Inc.

Wilkins Investment Counsel Inc. reduced its position in shares of Colgate-Palmolive (NYSE:CL) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,389 shares of the company’s stock after selling 450 shares during the period. Colgate-Palmolive comprises approximately 1.4% of Wilkins Investment Counsel Inc.’s holdings, making the stock its 29th largest holding. Wilkins Investment Counsel Inc.’s holdings in Colgate-Palmolive were worth $9,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CL. Kohmann Bosshard Financial Services LLC acquired a new stake in Colgate-Palmolive in the fourth quarter worth $26,000. Centricity Wealth Management LLC acquired a new stake in Colgate-Palmolive in the fourth quarter worth $27,000. Union Bancaire Privee UBP SA acquired a new stake in Colgate-Palmolive in the fourth quarter worth $32,000. Briaud Financial Planning Inc acquired a new stake in Colgate-Palmolive in the fourth quarter worth $32,000. Finally, Wintrust Investments LLC acquired a new stake in Colgate-Palmolive in the fourth quarter worth $33,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CL has been the topic of several analyst reports. Morgan Stanley dropped their target price on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Piper Sandler decreased their price target on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company decreased their price target 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 cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Friday, March 14th. Finally, Stifel Nicolaus decreased their price target on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.72.

Colgate-Palmolive Trading Up 1.1 %

Shares of NYSE CL opened at $90.44 on Thursday. Colgate-Palmolive has a 12 month low of $85.32 and a 12 month high of $109.30. The company has a market cap of $73.39 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 4.20 and a beta of 0.40. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 13.40. The business has a fifty day simple moving average of $89.19 and a 200-day simple moving average of $94.41.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping 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 firm posted $0.87 earnings per share. Sell-side analysts predict that Colgate-Palmolive will post 3.75 EPS for the current year.

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.