Zullo Investment Group Inc. Sells 347 Shares of Colgate-Palmolive (NYSE:CL)

Zullo Investment Group Inc. cut its position in shares of Colgate-Palmolive (NYSE:CL) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,810 shares of the company’s stock after selling 347 shares during the period. Zullo Investment Group Inc.’s holdings in Colgate-Palmolive were worth $255,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CL. Union Bancaire Privee UBP SA purchased a new stake in shares of Colgate-Palmolive during the 4th quarter worth approximately $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 purchased a new stake in Colgate-Palmolive during the third quarter valued at $42,000. Roxbury Financial LLC bought a new position in Colgate-Palmolive during the fourth quarter valued at $43,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Colgate-Palmolive in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on CL shares. Stifel Nicolaus decreased their target price on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. StockNews.com downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. reduced their target price on shares of Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Colgate-Palmolive presently has a consensus rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Trading Up 1.1 %

Shares of NYSE CL opened at $87.32 on Thursday. Colgate-Palmolive has a twelve month low of $83.70 and a twelve month high of $109.30. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 13.40. The business has a fifty day simple moving average of $89.13 and a two-hundred day simple moving average of $96.05. The firm has a market cap of $70.86 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 4.10 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, topping 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 period last year, the firm earned $0.87 earnings per share. Analysts expect that Colgate-Palmolive will post 3.76 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.29%. Colgate-Palmolive’s dividend payout ratio is presently 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.