Brown Lisle Cummings Inc. Sells 350 Shares of Colgate-Palmolive (NYSE:CL)

Brown Lisle Cummings Inc. cut its stake in Colgate-Palmolive (NYSE:CL) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,559 shares of the company’s stock after selling 350 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Colgate-Palmolive were worth $1,869,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Financial Services LLC boosted its stake in shares of Colgate-Palmolive by 4.5% during the 4th quarter. Commonwealth Financial Services LLC now owns 2,716 shares of the company’s stock worth $247,000 after purchasing an additional 118 shares during the period. Calamos Wealth Management LLC lifted its stake in Colgate-Palmolive by 1.7% in the fourth quarter. Calamos Wealth Management LLC now owns 16,253 shares of the company’s stock worth $1,478,000 after purchasing an additional 277 shares during the last quarter. Calamos Advisors LLC boosted its position in shares of Colgate-Palmolive by 0.3% during the fourth quarter. Calamos Advisors LLC now owns 302,648 shares of the company’s stock valued at $27,514,000 after buying an additional 805 shares during the period. Trust Point Inc. grew its stake in shares of Colgate-Palmolive by 2.1% during the fourth quarter. Trust Point Inc. now owns 20,327 shares of the company’s stock valued at $1,848,000 after buying an additional 417 shares during the last quarter. Finally, Childress Capital Advisors LLC raised its holdings in shares of Colgate-Palmolive by 8.3% in the fourth quarter. Childress Capital Advisors LLC now owns 2,428 shares of the company’s stock worth $221,000 after buying an additional 187 shares during the period. 80.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CL shares. Wells Fargo & Company cut their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. 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 note on Wednesday, January 8th. StockNews.com cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Morgan Stanley dropped their target price on shares of Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $101.00 price target on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. One equities research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Price Performance

Shares of CL opened at $87.05 on Tuesday. The company has a 50 day moving average of $91.35 and a two-hundred day moving average of $97.15. 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 has a twelve month low of $82.68 and a twelve month high of $109.30. The company has a market cap of $71.12 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 3.61 and a beta of 0.44.

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 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 period in the previous year, the business posted $0.87 earnings per share. As a group, analysts predict that Colgate-Palmolive will post 3.74 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 56.82%.

Colgate-Palmolive Company 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.