Colgate-Palmolive (NYSE:CL) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. grew its stake in Colgate-Palmolive (NYSE:CL) by 4.6% in the fourth quarter, Holdings Channel reports. The fund owned 4,653 shares of the company’s stock after purchasing an additional 203 shares during the period. Kovack Advisors Inc.’s holdings in Colgate-Palmolive were worth $423,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Centricity Wealth Management LLC purchased a new stake in shares of Colgate-Palmolive during the 4th quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Colgate-Palmolive during the fourth quarter worth $32,000. Bernard Wealth Management Corp. purchased a new stake in Colgate-Palmolive in the fourth quarter valued at $36,000. Reston Wealth Management LLC acquired a new position in shares of Colgate-Palmolive in the 3rd quarter valued at $42,000. Finally, Roxbury Financial LLC purchased a new position in shares of Colgate-Palmolive during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley reduced their price target 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, February 3rd. TD Cowen lowered their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, JPMorgan Chase & Co. decreased their price target on Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Trading Up 1.2 %

Shares of NYSE:CL opened at $91.27 on Friday. Colgate-Palmolive has a 52 week low of $85.32 and a 52 week high of $109.30. The company’s 50 day moving average is $88.74 and its two-hundred day moving average is $95.51. The company has a market cap of $74.07 billion, a PE ratio of 25.93, a P/E/G ratio of 4.20 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.

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

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were given 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 dividend payout ratio (DPR) is presently 56.82%.

About Colgate-Palmolive

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.