iA Global Asset Management Inc. Buys 16,030 Shares of Colgate-Palmolive Company $CL

iA Global Asset Management Inc. lifted its stake in Colgate-Palmolive Company (NYSE:CL) by 33.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,549 shares of the company’s stock after acquiring an additional 16,030 shares during the period. iA Global Asset Management Inc.’s holdings in Colgate-Palmolive were worth $5,160,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. raised its holdings in Colgate-Palmolive by 85.5% in the second quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its position in shares of Colgate-Palmolive by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock worth $30,000 after buying an additional 155 shares during the last quarter. MTM Investment Management LLC purchased a new position in shares of Colgate-Palmolive in the 2nd quarter worth approximately $39,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Colgate-Palmolive during the 2nd quarter worth approximately $44,000. Finally, Louisbourg Investments Inc. lifted its position in Colgate-Palmolive by 94.7% during the third quarter. Louisbourg Investments Inc. now owns 514 shares of the company’s stock valued at $41,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

CL has been the topic of several analyst reports. Argus reaffirmed a “hold” rating on shares of Colgate-Palmolive in a report on Thursday, December 11th. Jefferies Financial Group set a $85.00 price objective on Colgate-Palmolive in a research report on Tuesday, December 16th. Wells Fargo & Company set a $86.00 target price on Colgate-Palmolive and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Evercore ISI decreased their price target on Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group dropped their price target on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Colgate-Palmolive has an average rating of “Moderate Buy” and an average price target of $89.44.

Colgate-Palmolive Stock Up 1.0%

Colgate-Palmolive stock opened at $86.67 on Friday. The business’s 50-day simple moving average is $80.07 and its two-hundred day simple moving average is $81.58. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.60 and a current ratio of 0.93. The company has a market cap of $69.86 billion, a PE ratio of 24.28, a PEG ratio of 5.82 and a beta of 0.30. Colgate-Palmolive Company has a fifty-two week low of $74.54 and a fifty-two week high of $100.18.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. The firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.17 billion. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. Equities analysts anticipate that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 21st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, January 21st. Colgate-Palmolive’s payout ratio is presently 58.26%.

Colgate-Palmolive Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.