BankPlus Trust Department Acquires Shares of 501 Colgate-Palmolive (NYSE:CL)

BankPlus Trust Department acquired a new stake in shares of Colgate-Palmolive (NYSE:CL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 501 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Impax Asset Management Group plc grew its stake in shares of Colgate-Palmolive by 8.2% in the fourth quarter. Impax Asset Management Group plc now owns 19,904 shares of the company’s stock worth $1,809,000 after acquiring an additional 1,508 shares during the period. GHE LLC grew its stake in shares of Colgate-Palmolive by 1.7% in the fourth quarter. GHE LLC now owns 21,288 shares of the company’s stock worth $1,935,000 after acquiring an additional 350 shares during the period. Crestwood Advisors Group LLC grew its stake in shares of Colgate-Palmolive by 0.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 34,370 shares of the company’s stock worth $3,125,000 after acquiring an additional 194 shares during the period. Y Intercept Hong Kong Ltd grew its stake in shares of Colgate-Palmolive by 52.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 39,641 shares of the company’s stock worth $3,604,000 after acquiring an additional 13,698 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Colgate-Palmolive in the fourth quarter worth approximately $32,000. 80.41% of the stock is currently owned by institutional investors.

Colgate-Palmolive Stock Performance

CL opened at $92.36 on Wednesday. The firm has a market cap of $74.95 billion, a P/E ratio of 26.24, a PEG ratio of 4.20 and a beta of 0.44. Colgate-Palmolive has a 1-year low of $85.32 and a 1-year high of $109.30. The company has a 50 day simple moving average of $88.86 and a two-hundred day simple moving average of $95.66. 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 posted its quarterly earnings results 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 earnings per share. Equities analysts forecast that Colgate-Palmolive will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 56.82%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $101.00 price target on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. UBS Group reduced 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 note on Monday, February 3rd. Stifel Nicolaus dropped their price objective on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. 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 report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.16.

Colgate-Palmolive 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.