Colgate-Palmolive (NYSE:CL) Shares Sold by Mather Group LLC.

Mather Group LLC. cut its stake in Colgate-Palmolive (NYSE:CL) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,720 shares of the company’s stock after selling 373 shares during the period. Mather Group LLC.’s holdings in Colgate-Palmolive were worth $702,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new stake in shares of Colgate-Palmolive in the fourth quarter worth approximately $32,000. Reston Wealth Management LLC acquired a new position in Colgate-Palmolive during the third quarter valued at approximately $42,000. Synergy Asset Management LLC acquired a new position in Colgate-Palmolive during the fourth quarter valued at approximately $49,000. Capital Performance Advisors LLP acquired a new position in Colgate-Palmolive during the third quarter valued at approximately $53,000. Finally, Prospera Private Wealth LLC acquired a new position in Colgate-Palmolive during the third quarter valued at approximately $64,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Colgate-Palmolive Stock Up 0.2 %

Shares of NYSE:CL opened at $86.66 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 9.46. The company has a fifty day simple moving average of $90.98 and a 200 day simple moving average of $96.99. The firm has a market cap of $70.80 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 3.61 and a beta of 0.44. Colgate-Palmolive has a 12-month low of $82.68 and a 12-month high of $109.30.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, beating 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 last year, the business earned $0.87 earnings per share. On average, equities research analysts anticipate that Colgate-Palmolive will post 3.74 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.31%. Colgate-Palmolive’s payout ratio is 56.82%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group reduced their price target on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday. TD Cowen reduced their price target on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays reduced their price target on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. StockNews.com cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $101.00 price objective on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. 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 stock. According to data from MarketBeat.com, Colgate-Palmolive presently has an average rating of “Hold” and a consensus target price of $101.16.

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.