Cidel Asset Management Inc. Has $21.44 Million Stock Holdings in Colgate-Palmolive (NYSE:CL)

Cidel Asset Management Inc. decreased its position in Colgate-Palmolive (NYSE:CL) by 0.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 235,804 shares of the company’s stock after selling 1,852 shares during the period. Colgate-Palmolive comprises approximately 1.4% of Cidel Asset Management Inc.’s portfolio, making the stock its 21st largest position. Cidel Asset Management Inc.’s holdings in Colgate-Palmolive were worth $21,437,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Atomi Financial Group Inc. raised its position in shares of 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 purchasing an additional 692 shares during the period. Brookstone Capital Management raised its holdings in shares of Colgate-Palmolive by 11.7% during the third quarter. Brookstone Capital Management now owns 17,366 shares of the company’s stock worth $1,803,000 after acquiring an additional 1,814 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Colgate-Palmolive in the 3rd quarter valued at $339,000. CWM LLC boosted its stake in Colgate-Palmolive by 28.7% in the 3rd quarter. CWM LLC now owns 35,216 shares of the company’s stock worth $3,656,000 after purchasing an additional 7,861 shares during the period. Finally, Hexagon Capital Partners LLC increased its holdings in Colgate-Palmolive by 9.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,399 shares of the company’s stock worth $145,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CL shares. StockNews.com lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Morgan Stanley cut their target price on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Raymond James reissued an “outperform” rating and issued a $105.00 price objective (down previously from $110.00) on shares of Colgate-Palmolive in a research report on Monday, February 3rd. Wells Fargo & Company decreased their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus cut their price target on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Stock Up 1.3 %

CL opened at $86.81 on Friday. The stock’s fifty day simple moving average is $90.56 and its 200 day simple moving average is $96.84. Colgate-Palmolive has a 1-year low of $82.68 and a 1-year high of $109.30. The stock has a market cap of $70.93 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.61 and a beta of 0.44. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 9.46.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, beating 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 period last year, the firm earned $0.87 EPS. As a group, research analysts expect that Colgate-Palmolive will post 3.74 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The company 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio is presently 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.