Avantax Advisory Services Inc. Acquires 3,427 Shares of Colgate-Palmolive (NYSE:CL)

Avantax Advisory Services Inc. increased its holdings in shares of Colgate-Palmolive (NYSE:CL) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,782 shares of the company’s stock after buying an additional 3,427 shares during the period. Avantax Advisory Services Inc.’s holdings in Colgate-Palmolive were worth $5,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Chicago Partners Investment Group LLC raised its stake in shares of Colgate-Palmolive by 16.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 6,752 shares of the company’s stock worth $591,000 after buying an additional 943 shares during the last quarter. Peak Financial Advisors LLC bought a new stake in shares of Colgate-Palmolive during the fourth quarter worth approximately $1,315,000. Fiduciary Alliance LLC bought a new stake in shares of Colgate-Palmolive during the fourth quarter worth approximately $4,066,000. Impact Partnership Wealth LLC bought a new stake in shares of Colgate-Palmolive during the fourth quarter worth approximately $803,000. Finally, Barclays PLC raised its stake in shares of Colgate-Palmolive by 38.7% during the third quarter. Barclays PLC now owns 7,644,189 shares of the company’s stock worth $793,542,000 after buying an additional 2,132,747 shares during the last quarter. 80.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

CL has been the subject of a number of recent research reports. Stifel Nicolaus dropped their price target on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Barclays lowered their target price on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Raymond James reaffirmed an “outperform” rating and issued a $105.00 target price (down previously from $110.00) on shares of Colgate-Palmolive in a research note on Monday, February 3rd. Piper Sandler lowered their target price on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered 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 note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $101.72.

Colgate-Palmolive Stock Performance

Shares of CL opened at $89.80 on Friday. Colgate-Palmolive has a 12 month low of $85.32 and a 12 month high of $109.30. The firm has a fifty day simple moving average of $89.02 and a 200 day simple moving average of $94.82. The stock has a market capitalization of $72.87 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 4.20 and a beta of 0.40. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $0.87 earnings per share. Research analysts forecast that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

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.