Founders Financial Alliance LLC Raises Stake in Colgate-Palmolive Company $CL

Founders Financial Alliance LLC increased its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 255.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,565 shares of the company’s stock after buying an additional 6,872 shares during the period. Founders Financial Alliance LLC’s holdings in Colgate-Palmolive were worth $756,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CL. Citigroup Inc. raised its holdings in shares of Colgate-Palmolive by 43.7% in the 3rd quarter. Citigroup Inc. now owns 1,346,590 shares of the company’s stock valued at $107,646,000 after acquiring an additional 409,710 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Colgate-Palmolive by 35.3% during the 4th quarter. Teacher Retirement System of Texas now owns 469,624 shares of the company’s stock worth $37,110,000 after acquiring an additional 122,634 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Colgate-Palmolive by 114.2% during the 4th quarter. GAMMA Investing LLC now owns 23,329 shares of the company’s stock worth $1,843,000 after acquiring an additional 12,437 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in Colgate-Palmolive by 217.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 40,605 shares of the company’s stock valued at $3,246,000 after purchasing an additional 27,796 shares in the last quarter. Finally, Avior Wealth Management LLC purchased a new stake in Colgate-Palmolive during the fourth quarter valued at about $1,135,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CL. Bank of America decreased their price objective on Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, April 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Colgate-Palmolive in a report on Friday, May 1st. Piper Sandler decreased their price objective on Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Barclays raised their price objective on Colgate-Palmolive from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $99.00 price objective on shares of Colgate-Palmolive in a report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.88.

Colgate-Palmolive Price Performance

Shares of Colgate-Palmolive stock opened at $89.48 on Friday. The company has a debt-to-equity ratio of 16.33, a current ratio of 1.02 and a quick ratio of 0.67. The business’s 50 day simple moving average is $86.77 and its two-hundred day simple moving average is $86.23. The stock has a market capitalization of $71.60 billion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 4.74 and a beta of 0.33. Colgate-Palmolive Company has a one year low of $74.54 and a one year high of $99.33.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Analysts forecast that Colgate-Palmolive Company will post 3.81 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 20th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, July 20th. Colgate-Palmolive’s payout ratio is 82.49%.

Colgate-Palmolive Company 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.