State of New Jersey Common Pension Fund D Sells 7,138 Shares of Colgate-Palmolive (NYSE:CL)

State of New Jersey Common Pension Fund D trimmed its position in shares of Colgate-Palmolive (NYSE:CL) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,006 shares of the company’s stock after selling 7,138 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Colgate-Palmolive were worth $25,183,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Americana Partners LLC grew its stake in Colgate-Palmolive by 2,412.7% in the 4th quarter. Americana Partners LLC now owns 86,136 shares of the company’s stock worth $7,831,000 after acquiring an additional 82,708 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its stake in Colgate-Palmolive by 16.7% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,912 shares of the company’s stock worth $628,000 after acquiring an additional 990 shares in the last quarter. Sierra Ocean LLC bought a new position in Colgate-Palmolive in the 4th quarter worth about $61,000. MOKAN Wealth Management Inc. bought a new position in Colgate-Palmolive in the 4th quarter worth about $541,000. Finally, Hourglass Capital LLC grew its stake in Colgate-Palmolive by 60.9% in the 4th quarter. Hourglass Capital LLC now owns 3,700 shares of the company’s stock worth $336,000 after acquiring an additional 1,400 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays dropped their target price on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company dropped their price objective on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley dropped their price objective 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. Raymond James reiterated an “outperform” rating and set a $105.00 price objective (down from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $101.00 price objective on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.16.

Colgate-Palmolive Stock Down 1.9 %

NYSE:CL opened at $86.10 on Monday. The firm has a market capitalization of $70.34 billion, a P/E ratio of 24.46, a PEG ratio of 4.12 and a beta of 0.44. Colgate-Palmolive has a 1-year low of $83.20 and a 1-year high of $109.30. The company’s fifty day moving average price is $89.53 and its 200-day moving average price is $96.35. 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 (NYSE:CL) last released its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share 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 last year, the company earned $0.87 EPS. As a group, equities research analysts anticipate that Colgate-Palmolive will post 3.73 EPS for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.32%. Colgate-Palmolive’s payout ratio is currently 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.