Kintegral Advisory LLC Cuts Stock Holdings in Colgate-Palmolive (NYSE:CL)

Kintegral Advisory LLC lessened its holdings in Colgate-Palmolive (NYSE:CL) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,203 shares of the company’s stock after selling 802 shares during the period. Kintegral Advisory LLC’s holdings in Colgate-Palmolive were worth $1,564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CL. Centricity Wealth Management LLC bought a new position in Colgate-Palmolive in the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Colgate-Palmolive in the 4th quarter worth $32,000. Hager Investment Management Services LLC purchased a new stake in shares of Colgate-Palmolive during the 4th quarter worth $36,000. Reston Wealth Management LLC bought a new stake in Colgate-Palmolive during the third quarter valued at about $42,000. Finally, Roxbury Financial LLC purchased a new position in Colgate-Palmolive in the fourth quarter valued at about $43,000. 80.41% of the stock is currently owned by institutional investors.

Colgate-Palmolive Stock Up 1.9 %

NYSE:CL opened at $89.56 on Friday. The firm has a market capitalization of $72.68 billion, a P/E ratio of 25.44, a PEG ratio of 4.20 and a beta of 0.44. The company’s fifty day moving average price is $88.94 and its 200-day moving average price is $95.86. Colgate-Palmolive has a 1-year low of $84.45 and a 1-year high of $109.30. The company has a debt-to-equity ratio of 13.40, a current ratio of 0.92 and a quick ratio of 0.58.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share (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 in the previous year, the firm posted $0.87 earnings per share. As a group, equities research analysts anticipate that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were paid a dividend of $0.50 per share. 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 2.23%. Colgate-Palmolive’s payout ratio is 56.82%.

Analysts Set New Price Targets

CL has been the subject of several analyst reports. UBS Group decreased their price target on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $101.00 price target on shares of Colgate-Palmolive in a report on Wednesday, January 29th. Raymond James reaffirmed an “outperform” rating and set a $105.00 price target (down from $110.00) on shares of Colgate-Palmolive in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective on Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. One investment 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $101.16.

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.