New Age Alpha Advisors LLC Decreases Holdings in Colgate-Palmolive Company $CL

New Age Alpha Advisors LLC cut its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 52.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,443 shares of the company’s stock after selling 43,647 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Colgate-Palmolive were worth $3,117,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CL. Maseco LLP purchased a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $27,000. Copia Wealth Management purchased a new position in shares of Colgate-Palmolive during the third quarter worth approximately $29,000. Cloud Capital Management LLC purchased a new position in shares of Colgate-Palmolive during the third quarter worth approximately $30,000. Global Wealth Strategies & Associates raised its stake in shares of Colgate-Palmolive by 300.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 400 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Colgate-Palmolive by 182.6% during the fourth quarter. Grove Bank & Trust now owns 407 shares of the company’s stock worth $32,000 after acquiring an additional 263 shares in the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CL has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Colgate-Palmolive from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $102.00 target price on shares of Colgate-Palmolive in a report on Monday, May 4th. Morgan Stanley restated an “overweight” rating on shares of Colgate-Palmolive in a report on Monday, May 4th. Weiss Ratings upgraded shares of Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Piper Sandler cut their target price on shares of Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.88.

Colgate-Palmolive Stock Performance

Shares of Colgate-Palmolive stock opened at $90.66 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 16.33. The firm has a market capitalization of $72.74 billion, a P/E ratio of 35.28, a P/E/G ratio of 4.71 and a beta of 0.31. The business has a fifty day simple moving average of $86.16 and a two-hundred day simple moving average of $85.32. Colgate-Palmolive Company has a 12 month low of $74.54 and a 12 month high of $99.33.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts forecast that Colgate-Palmolive Company will post 3.82 earnings per share for the current fiscal year.

Colgate-Palmolive Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, April 20th were issued a dividend of $0.53 per share. This is a boost from Colgate-Palmolive’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, April 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.3%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 82.49%.

About Colgate-Palmolive

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.