Choate Investment Advisors Acquires 14,372 Shares of Colgate-Palmolive Company $CL

Choate Investment Advisors raised its holdings in Colgate-Palmolive Company (NYSE:CL) by 150.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,906 shares of the company’s stock after buying an additional 14,372 shares during the quarter. Choate Investment Advisors’ holdings in Colgate-Palmolive were worth $1,889,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Maseco LLP bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $27,000. Copia Wealth Management bought a new stake in shares of Colgate-Palmolive in the 3rd quarter worth approximately $29,000. Cloud Capital Management LLC bought a new stake in shares of Colgate-Palmolive in the 3rd quarter worth approximately $30,000. Global Wealth Strategies & Associates grew its position in shares of Colgate-Palmolive by 300.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 400 shares of the company’s stock worth $32,000 after buying an additional 300 shares during the last quarter. Finally, Grove Bank & Trust grew its position in shares of Colgate-Palmolive by 182.6% in the 4th quarter. Grove Bank & Trust now owns 407 shares of the company’s stock worth $32,000 after buying an additional 263 shares during the last quarter. 80.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CL shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $99.00 price objective on shares of Colgate-Palmolive in a research report on Monday, May 4th. TD Cowen restated a “hold” rating and set a $85.00 price target on shares of Colgate-Palmolive in a research report on Tuesday, March 31st. Citigroup lifted their price target on Colgate-Palmolive from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Piper Sandler dropped their price target on Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Wall Street Zen lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.88.

Colgate-Palmolive Trading Up 0.1%

NYSE CL opened at $90.66 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33. Colgate-Palmolive Company has a twelve month low of $74.54 and a twelve month high of $99.33. The firm has a market capitalization of $72.74 billion, a PE ratio of 35.28, a P/E/G ratio of 4.71 and a beta of 0.31. The stock’s 50 day moving average is $86.16 and its 200 day moving average is $85.32.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. Research analysts forecast that Colgate-Palmolive Company will post 3.82 earnings per share for the current fiscal year.

Colgate-Palmolive Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, April 20th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, April 20th. This is a positive change from Colgate-Palmolive’s previous quarterly dividend of $0.52. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 82.49%.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.