Retirement Income Solutions Inc Reduces Holdings in Colgate-Palmolive (NYSE:CL)

Retirement Income Solutions Inc trimmed its stake in Colgate-Palmolive (NYSE:CL) by 16.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,430 shares of the company’s stock after selling 480 shares during the quarter. Retirement Income Solutions Inc’s holdings in Colgate-Palmolive were worth $221,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new stake in Colgate-Palmolive during the fourth quarter worth about $32,000. Hager Investment Management Services LLC acquired a new position in shares of Colgate-Palmolive during the fourth quarter valued at approximately $36,000. Reston Wealth Management LLC purchased a new stake in shares of Colgate-Palmolive during the third quarter worth approximately $42,000. Roxbury Financial LLC acquired a new stake in shares of Colgate-Palmolive in the fourth quarter valued at about $43,000. Finally, Synergy Asset Management LLC acquired a new stake in Colgate-Palmolive in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Stock Down 1.9 %

Shares of NYSE CL opened at $86.10 on Monday. The firm’s 50-day moving average is $89.53 and its 200-day moving average is $96.35. Colgate-Palmolive has a 1 year low of $83.20 and a 1 year high of $109.30. The firm has a market capitalization of $70.34 billion, a PE ratio of 24.46, a price-to-earnings-growth 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 (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 last year, the firm posted $0.87 earnings per share. Equities analysts expect that Colgate-Palmolive will post 3.73 EPS for the current year.

Colgate-Palmolive Announces Dividend

The business 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio is currently 56.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CL shares. StockNews.com lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Morgan Stanley decreased their price target on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. TD Cowen reduced their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of 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, Piper Sandler lowered their price objective on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. One investment 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. Based on data from MarketBeat, Colgate-Palmolive has an average rating of “Hold” and an average target price of $101.16.

About Colgate-Palmolive

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.