Jacobi Capital Management LLC Has $918,000 Stake in Colgate-Palmolive (NYSE:CL)

Jacobi Capital Management LLC grew its holdings in Colgate-Palmolive (NYSE:CL) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,099 shares of the company’s stock after purchasing an additional 1,030 shares during the period. Jacobi Capital Management LLC’s holdings in Colgate-Palmolive were worth $918,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Metis Global Partners LLC increased its holdings in Colgate-Palmolive by 7.0% in the fourth quarter. Metis Global Partners LLC now owns 30,679 shares of the company’s stock worth $2,789,000 after buying an additional 2,008 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Colgate-Palmolive by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 72,628 shares of the company’s stock valued at $6,603,000 after acquiring an additional 11,005 shares during the period. Bank OZK boosted its position in shares of Colgate-Palmolive by 6.9% in the fourth quarter. Bank OZK now owns 2,270 shares of the company’s stock valued at $206,000 after acquiring an additional 147 shares during the period. Maple Capital Management Inc. boosted its position in shares of Colgate-Palmolive by 3.7% in the fourth quarter. Maple Capital Management Inc. now owns 126,732 shares of the company’s stock valued at $11,521,000 after acquiring an additional 4,504 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of Colgate-Palmolive in the fourth quarter valued at approximately $2,782,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CL shares. Raymond James reissued an “outperform” rating and issued a $105.00 price objective (down from $110.00) on shares of Colgate-Palmolive in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Piper Sandler cut their target price on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Stifel Nicolaus cut their target price on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $101.00 target price 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 given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.61.

Colgate-Palmolive Stock Performance

Colgate-Palmolive stock opened at $91.27 on Friday. The company has a debt-to-equity ratio of 13.40, a current ratio of 0.92 and a quick ratio of 0.58. The stock has a fifty day moving average price of $88.74 and a two-hundred day moving average price of $95.48. Colgate-Palmolive has a 52-week low of $85.32 and a 52-week high of $109.30. The firm has a market capitalization of $74.07 billion, a P/E ratio of 25.93, a P/E/G ratio of 4.20 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $0.87 earnings per share. As a group, analysts anticipate that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm also recently announced 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 2.19%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 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.