Reik & CO. LLC Has $738,000 Stake in Colgate-Palmolive (NYSE:CL)

Reik & CO. LLC lowered its holdings in Colgate-Palmolive (NYSE:CL) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,115 shares of the company’s stock after selling 905 shares during the quarter. Reik & CO. LLC’s holdings in Colgate-Palmolive were worth $738,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in Colgate-Palmolive during the 4th quarter worth about $32,000. Hager Investment Management Services LLC bought a new position in shares of Colgate-Palmolive in the fourth quarter worth about $36,000. Reston Wealth Management LLC acquired a new position in shares of Colgate-Palmolive during the third quarter worth approximately $42,000. Synergy Asset Management LLC bought a new stake in shares of Colgate-Palmolive during the fourth quarter valued at approximately $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Colgate-Palmolive in the third quarter valued at approximately $53,000. Institutional investors own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CL shares. Morgan Stanley reduced their price objective on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $101.00 price target on shares of Colgate-Palmolive in a research note on Wednesday, January 29th. TD Cowen lowered their price objective 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. Raymond James restated an “outperform” rating and set a $105.00 target price (down from $110.00) on shares of Colgate-Palmolive in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Colgate-Palmolive presently has an average rating of “Hold” and an average price target of $101.16.

Colgate-Palmolive Stock Down 0.9 %

Shares of Colgate-Palmolive stock opened at $85.94 on Tuesday. The company has a market capitalization of $70.21 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 4.12 and a beta of 0.44. The company has a debt-to-equity ratio of 9.46, a current ratio of 0.41 and a quick ratio of 0.26. The business has a 50-day moving average of $90.36 and a two-hundred day moving average of $96.77. Colgate-Palmolive has a 1 year low of $82.68 and a 1 year high of $109.30.

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 prior year, the company posted $0.87 EPS. As a group, equities analysts predict that Colgate-Palmolive will post 3.73 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, January 21st. Colgate-Palmolive’s payout ratio is presently 56.82%.

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.