United Asset Strategies Inc. Purchases 7,924 Shares of Colgate-Palmolive (NYSE:CL)

United Asset Strategies Inc. grew its holdings in Colgate-Palmolive (NYSE:CL) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,438 shares of the company’s stock after acquiring an additional 7,924 shares during the quarter. United Asset Strategies Inc.’s holdings in Colgate-Palmolive were worth $10,131,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Union Bancaire Privee UBP SA acquired a new stake in Colgate-Palmolive during the fourth quarter worth about $32,000. Reston Wealth Management LLC acquired a new position in shares of Colgate-Palmolive in the 3rd quarter valued at about $42,000. Capital Performance Advisors LLP acquired a new stake in Colgate-Palmolive in the third quarter worth $53,000. Prospera Private Wealth LLC bought a new position in shares of Colgate-Palmolive in the third quarter valued at approximately $64,000. Finally, True Wealth Design LLC increased its stake in shares of Colgate-Palmolive by 1,460.9% in the third quarter. True Wealth Design LLC now owns 718 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares in the last quarter. 80.41% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Stanley J. Sutula III sold 45,410 shares of Colgate-Palmolive stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $94.11, for a total transaction of $4,273,535.10. Following the transaction, the chief financial officer now owns 36,726 shares in the company, valued at $3,456,283.86. This trade represents a 55.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.34% of the company’s stock.

Colgate-Palmolive Stock Down 0.0 %

CL stock opened at $87.88 on Monday. Colgate-Palmolive has a 1-year low of $80.03 and a 1-year high of $109.30. The business has a fifty day moving average price of $91.81 and a 200-day moving average price of $97.45. The company has a debt-to-equity ratio of 9.46, a current ratio of 1.04 and a quick ratio of 0.68. The stock has a market capitalization of $71.79 billion, a P/E ratio of 25.18, a P/E/G ratio of 3.59 and a beta of 0.44.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be given 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 yield of 2.28%. Colgate-Palmolive’s dividend payout ratio (DPR) is 57.31%.

Analysts Set New Price Targets

Several brokerages have recently commented on CL. 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 report on Tuesday, January 7th. TD Cowen reduced their price target on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on Colgate-Palmolive from $101.00 to $95.00 and set a “hold” rating for the company in a research note on Friday, January 17th. UBS Group dropped their price target on shares of Colgate-Palmolive from $112.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their price target on Colgate-Palmolive from $109.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Colgate-Palmolive currently has a consensus rating of “Hold” and an average price target of $101.11.

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.