Hartford Investment Management Co. Has $4.59 Million Stock Holdings in Colgate-Palmolive (NYSE:CL)

Hartford Investment Management Co. reduced its position in Colgate-Palmolive (NYSE:CL) by 1.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 50,482 shares of the company’s stock after selling 976 shares during the period. Hartford Investment Management Co.’s holdings in Colgate-Palmolive were worth $4,589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Certuity LLC raised its holdings in Colgate-Palmolive by 33.3% during the 4th quarter. Certuity LLC now owns 4,274 shares of the company’s stock worth $389,000 after purchasing an additional 1,067 shares during the last quarter. Portfolio Design Labs LLC bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $228,000. Sapient Capital LLC grew its position in shares of Colgate-Palmolive by 1.6% during the 4th quarter. Sapient Capital LLC now owns 9,990 shares of the company’s stock worth $908,000 after buying an additional 157 shares during the period. Arlington Trust Co LLC raised its stake in shares of Colgate-Palmolive by 29.5% during the fourth quarter. Arlington Trust Co LLC now owns 3,814 shares of the company’s stock worth $347,000 after buying an additional 868 shares during the last quarter. Finally, Equitable Trust Co. acquired a new position in Colgate-Palmolive in the fourth quarter valued at approximately $212,000. Institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus dropped their target price on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. UBS Group dropped their price objective on Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Raymond James reissued an “outperform” rating and issued a $105.00 target price (down previously from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, Morgan Stanley cut 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 report 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 issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $101.16.

Colgate-Palmolive Price Performance

Shares of NYSE CL opened at $86.75 on Thursday. The company has a fifty day moving average price of $90.00 and a 200 day moving average price of $96.61. The firm has a market cap of $70.88 billion, a PE ratio of 24.64, a PEG ratio of 4.12 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 has a 1-year low of $82.76 and a 1-year high of $109.30.

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 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 quarter in the previous year, the company earned $0.87 earnings per share. Research analysts predict that Colgate-Palmolive will post 3.73 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm 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 $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 dividend yield of 2.31%. Colgate-Palmolive’s dividend payout ratio (DPR) 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.