Silverlake Wealth Management LLC Reduces Stake in Colgate-Palmolive (NYSE:CL)

Silverlake Wealth Management LLC cut its holdings in shares of Colgate-Palmolive (NYSE:CL) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,191 shares of the company’s stock after selling 209 shares during the period. Silverlake Wealth Management LLC’s holdings in Colgate-Palmolive were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Union Bancaire Privee UBP SA bought a new position in Colgate-Palmolive in the 4th quarter worth $32,000. Reston Wealth Management LLC bought a new position in Colgate-Palmolive in the third quarter worth about $42,000. Synergy Asset Management LLC purchased a new stake in Colgate-Palmolive in the fourth quarter worth about $49,000. Capital Performance Advisors LLP purchased a new position in shares of Colgate-Palmolive during the 3rd quarter worth approximately $53,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Colgate-Palmolive in the 3rd quarter worth approximately $64,000. Institutional investors own 80.41% of the company’s stock.

Colgate-Palmolive Stock Up 0.2 %

CL opened at $86.66 on Thursday. Colgate-Palmolive has a twelve month low of $82.68 and a twelve month high of $109.30. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 9.46. The firm has a 50 day moving average price of $90.98 and a 200-day moving average price of $96.99. The stock has a market capitalization of $70.80 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 3.61 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 net margin of 14.38% and a return on equity of 477.77%. During the same quarter last year, the firm posted $0.87 earnings per share. Equities research analysts forecast that Colgate-Palmolive will post 3.74 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on CL. Stifel Nicolaus dropped their price target on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday. Wells Fargo & Company dropped their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. TD Cowen decreased their price target on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley dropped their price objective on shares of Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Raymond James reaffirmed an “outperform” rating and set a $105.00 target price (down previously from $110.00) on shares of Colgate-Palmolive in a research note on Monday. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.