Investment Advisory Services Inc. TX ADV Has $233,000 Stock Position in Colgate-Palmolive (NYSE:CL)

Investment Advisory Services Inc. TX ADV cut its position in shares of Colgate-Palmolive (NYSE:CL) by 35.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,562 shares of the company’s stock after selling 1,400 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in Colgate-Palmolive were worth $233,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CL. Union Bancaire Privee UBP SA acquired a new position in shares of Colgate-Palmolive during the 4th quarter worth $32,000. Hager Investment Management Services LLC bought a new stake in Colgate-Palmolive in the fourth quarter worth $36,000. Reston Wealth Management LLC acquired a new position in Colgate-Palmolive during the third quarter worth $42,000. Synergy Asset Management LLC bought a new position in Colgate-Palmolive during the fourth quarter valued at about $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Colgate-Palmolive in the third quarter worth about $53,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CL. StockNews.com downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. reduced their price objective on shares of Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Barclays dropped their target price on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus lowered 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, February 3rd. Finally, Wells Fargo & Company cut their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Colgate-Palmolive has an average rating of “Hold” and an average price target of $101.16.

Colgate-Palmolive Trading Up 1.3 %

Shares of CL opened at $86.81 on Friday. The stock has a 50 day simple moving average of $90.36 and a 200-day simple moving average of $96.76. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 9.46. The stock has a market cap of $70.93 billion, a PE ratio of 24.66, a PEG ratio of 4.12 and a beta of 0.44. Colgate-Palmolive has a 1 year low of $82.68 and a 1 year high of $109.30.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, beating 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 period in the prior year, the firm posted $0.87 EPS. On average, sell-side analysts predict that Colgate-Palmolive will post 3.73 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders 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 dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 56.82%.

Colgate-Palmolive Company 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.