Flossbach Von Storch SE Sells 14,022 Shares of Colgate-Palmolive Company $CL

Flossbach Von Storch SE cut its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 301,906 shares of the company’s stock after selling 14,022 shares during the period. Flossbach Von Storch SE’s holdings in Colgate-Palmolive were worth $24,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CL. Brighton Jones LLC increased its position in shares of Colgate-Palmolive by 4.4% during the 4th quarter. Brighton Jones LLC now owns 10,578 shares of the company’s stock valued at $962,000 after purchasing an additional 450 shares during the last quarter. Woodline Partners LP grew its position in Colgate-Palmolive by 76.3% during the first quarter. Woodline Partners LP now owns 46,361 shares of the company’s stock valued at $4,344,000 after buying an additional 20,062 shares during the period. Patton Fund Management Inc. bought a new stake in Colgate-Palmolive during the second quarter valued at approximately $213,000. GC Wealth Management RIA LLC purchased a new stake in Colgate-Palmolive during the second quarter valued at approximately $673,000. Finally, HB Wealth Management LLC raised its position in Colgate-Palmolive by 7.1% in the second quarter. HB Wealth Management LLC now owns 81,142 shares of the company’s stock worth $7,376,000 after acquiring an additional 5,370 shares during the period. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CL shares. JPMorgan Chase & Co. boosted their price objective on shares of Colgate-Palmolive from $88.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Jefferies Financial Group set a $85.00 price target on Colgate-Palmolive in a report on Tuesday, December 16th. Wells Fargo & Company set a $86.00 price objective on Colgate-Palmolive and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group lowered their price objective on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Finally, Evercore ISI reduced their target price on shares of Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.44.

Colgate-Palmolive Stock Performance

NYSE:CL opened at $85.08 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.60 and a debt-to-equity ratio of 5.90. Colgate-Palmolive Company has a 12-month low of $74.54 and a 12-month high of $100.18. The stock has a 50-day moving average price of $80.46 and a 200 day moving average price of $81.39. The stock has a market capitalization of $68.58 billion, a P/E ratio of 23.83, a P/E/G ratio of 5.78 and a beta of 0.30.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The company had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same period in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts forecast that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, January 21st will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, January 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. Colgate-Palmolive’s dividend payout ratio is currently 58.26%.

Colgate-Palmolive 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.