18,000 Shares in Colgate-Palmolive (NYSE:CL) Bought by AR Asset Management Inc.

AR Asset Management Inc. purchased a new stake in Colgate-Palmolive (NYSE:CL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,000 shares of the company’s stock, valued at approximately $1,636,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CL. Swedbank AB raised its holdings in shares of Colgate-Palmolive by 1.4% in the 3rd quarter. Swedbank AB now owns 2,950,059 shares of the company’s stock worth $306,246,000 after acquiring an additional 40,324 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Colgate-Palmolive by 0.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,392 shares of the company’s stock worth $2,117,000 after purchasing an additional 113 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Colgate-Palmolive by 5.4% in the third quarter. Private Advisor Group LLC now owns 68,952 shares of the company’s stock worth $7,158,000 after purchasing an additional 3,543 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Colgate-Palmolive by 13,776.8% in the third quarter. International Assets Investment Management LLC now owns 435,871 shares of the company’s stock valued at $45,248,000 after purchasing an additional 432,730 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Colgate-Palmolive by 4.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 20,975 shares of the company’s stock valued at $2,177,000 after buying an additional 851 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Piper Sandler lowered their price target on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. UBS Group lowered their target price on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 3rd. 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. JPMorgan Chase & Co. decreased their price objective on shares of Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, TD Cowen cut their target price on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Colgate-Palmolive has a consensus rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Stock Performance

Shares of CL stock opened at $89.56 on Friday. The stock has a market capitalization of $72.68 billion, a P/E ratio of 25.44, a PEG ratio of 4.18 and a beta of 0.44. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40. The firm’s 50 day moving average is $88.94 and its 200 day moving average is $95.91. Colgate-Palmolive has a 12 month low of $84.45 and a 12 month high of $109.30.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business posted $0.87 EPS. On average, sell-side analysts anticipate that Colgate-Palmolive will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were paid a $0.50 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.23%. Colgate-Palmolive’s dividend payout ratio is currently 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.