Colgate-Palmolive (NYSE:CL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its position in Colgate-Palmolive (NYSE:CL) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,892 shares of the company’s stock after selling 1,095 shares during the quarter. Retirement Systems of Alabama’s holdings in Colgate-Palmolive were worth $16,081,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CL. Dynamic Advisor Solutions LLC increased its stake in shares of Colgate-Palmolive by 67.1% during the third quarter. Dynamic Advisor Solutions LLC now owns 15,790 shares of the company’s stock worth $1,639,000 after acquiring an additional 6,342 shares during the period. Atomi Financial Group Inc. raised its position in Colgate-Palmolive by 12.8% during the third quarter. Atomi Financial Group Inc. now owns 6,095 shares of the company’s stock worth $633,000 after acquiring an additional 692 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Colgate-Palmolive by 11.7% in the third quarter. Brookstone Capital Management now owns 17,366 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,814 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Colgate-Palmolive in the 3rd quarter worth approximately $339,000. Finally, CWM LLC lifted its holdings in Colgate-Palmolive by 28.7% in the third quarter. CWM LLC now owns 35,216 shares of the company’s stock worth $3,656,000 after acquiring an additional 7,861 shares during the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Trading Down 1.2 %

CL opened at $85.60 on Friday. The firm has a market capitalization of $69.94 billion, a PE ratio of 24.32, a P/E/G ratio of 3.61 and a beta of 0.44. The company has a debt-to-equity ratio of 9.46, a current ratio of 0.41 and a quick ratio of 0.26. Colgate-Palmolive has a fifty-two week low of $82.68 and a fifty-two week high of $109.30. The company’s 50-day moving average is $90.78 and its 200 day moving average is $96.92.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results 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 net margin of 14.38% and a return on equity of 477.77%. During the same period in the previous year, the firm posted $0.87 EPS. As a group, research analysts predict that Colgate-Palmolive will post 3.74 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. Colgate-Palmolive’s payout ratio is 56.82%.

Analyst Ratings Changes

CL has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company reduced their target price on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. StockNews.com cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Stifel Nicolaus decreased their target price on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research report on Monday. Finally, TD Cowen cut their price objective on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $101.16.

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.