Private Trust Co. NA Has $880,000 Stake in Colgate-Palmolive (NYSE:CL)

Private Trust Co. NA trimmed its holdings in shares of Colgate-Palmolive (NYSE:CL) by 14.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,682 shares of the company’s stock after selling 1,655 shares during the period. Private Trust Co. NA’s holdings in Colgate-Palmolive were worth $880,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Centricity Wealth Management LLC bought a new stake in Colgate-Palmolive during the fourth quarter valued at about $27,000. Union Bancaire Privee UBP SA bought a new stake in Colgate-Palmolive during the fourth quarter valued at about $32,000. Bernard Wealth Management Corp. bought a new stake in Colgate-Palmolive during the fourth quarter valued at about $36,000. Reston Wealth Management LLC bought a new stake in Colgate-Palmolive during the third quarter valued at about $42,000. Finally, Roxbury Financial LLC bought a new stake in Colgate-Palmolive during the fourth quarter valued at about $43,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CL has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada restated a “sector perform” rating and set a $101.00 price target on shares of Colgate-Palmolive in a report on Wednesday, January 29th. Piper Sandler decreased their price target on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a report on Monday, January 6th. TD Cowen reduced their target price on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their target price on shares of 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 analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Colgate-Palmolive presently has a consensus rating of “Hold” and an average price target of $101.16.

Colgate-Palmolive Stock Up 1.2 %

Shares of CL opened at $91.27 on Friday. The stock has a market cap of $74.07 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 4.20 and a beta of 0.44. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 13.40. Colgate-Palmolive has a 12 month low of $85.32 and a 12 month high of $109.30. The company has a 50-day moving average price of $88.74 and a two-hundred day moving average price of $95.51.

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

Colgate-Palmolive Announces Dividend

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Tuesday, January 21st. Colgate-Palmolive’s payout ratio is 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.