Colgate-Palmolive (NYSE:CL) Shares Bought by Flossbach Von Storch SE

Flossbach Von Storch SE boosted its holdings in shares of Colgate-Palmolive (NYSE:CL) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 270,595 shares of the company’s stock after buying an additional 420 shares during the quarter. Flossbach Von Storch SE’s holdings in Colgate-Palmolive were worth $24,600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new position in Colgate-Palmolive during the fourth quarter worth about $32,000. Hager Investment Management Services LLC acquired a new position in shares of Colgate-Palmolive in the fourth quarter valued at approximately $36,000. Reston Wealth Management LLC acquired a new position in shares of Colgate-Palmolive in the third quarter valued at approximately $42,000. Roxbury Financial LLC acquired a new position in shares of Colgate-Palmolive in the fourth quarter valued at approximately $43,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Colgate-Palmolive in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CL shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $101.00 price objective on shares of Colgate-Palmolive in a research report on Wednesday, January 29th. StockNews.com lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. TD Cowen dropped their price target on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their price target on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.16.

Colgate-Palmolive Stock Up 1.1 %

Shares of NYSE:CL opened at $87.32 on Thursday. The stock has a market capitalization of $70.86 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 4.10 and a beta of 0.44. Colgate-Palmolive has a 1-year low of $83.70 and a 1-year high of $109.30. The company’s fifty day moving average is $89.13 and its two-hundred day moving average is $96.05. The company has a debt-to-equity ratio of 13.40, a quick ratio of 0.58 and a current ratio of 0.92.

Colgate-Palmolive (NYSE:CL) last issued its earnings results 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 quarter in the previous year, the business earned $0.87 EPS. Equities analysts anticipate that Colgate-Palmolive will post 3.76 EPS for the current year.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, January 21st were issued a $0.50 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 56.82%.

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.