Kentucky Trust Co Acquires New Shares in Colgate-Palmolive (NYSE:CL)

Kentucky Trust Co acquired a new stake in shares of Colgate-Palmolive (NYSE:CL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,616 shares of the company’s stock, valued at approximately $147,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new position in Colgate-Palmolive during the 4th quarter valued at approximately $32,000. Hager Investment Management Services LLC acquired a new position in Colgate-Palmolive during the 4th quarter valued at approximately $36,000. Reston Wealth Management LLC acquired a new position in Colgate-Palmolive during the 3rd quarter valued at approximately $42,000. Capital Performance Advisors LLP acquired a new position in Colgate-Palmolive during the 3rd quarter worth $53,000. Finally, Synergy Asset Management LLC acquired a new position in Colgate-Palmolive during the 4th quarter worth $49,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Price Performance

Shares of NYSE:CL opened at $86.75 on Thursday. The business has a 50 day moving average price of $90.00 and a 200 day moving average price of $96.61. Colgate-Palmolive has a twelve month low of $82.76 and a twelve month high of $109.30. The company has a market cap of $70.88 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 4.12 and a beta of 0.44. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 9.46.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm posted $0.87 earnings per share. Research analysts predict that Colgate-Palmolive will post 3.73 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be given a $0.50 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.31%. Colgate-Palmolive’s payout ratio is 56.82%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Piper Sandler reduced their price target on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. TD Cowen reduced their price target on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. StockNews.com lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Stifel Nicolaus reduced their price target on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Colgate-Palmolive has a consensus rating of “Hold” and an average 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.