Colgate-Palmolive Company $CL Stock Holdings Raised by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its stake in Colgate-Palmolive Company (NYSE:CL) by 7.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 27,837 shares of the company’s stock after purchasing an additional 2,015 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Colgate-Palmolive were worth $2,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Callan Family Office LLC increased its position in shares of Colgate-Palmolive by 286.3% in the 2nd quarter. Callan Family Office LLC now owns 18,685 shares of the company’s stock worth $1,698,000 after purchasing an additional 13,848 shares during the last quarter. Leo Wealth LLC boosted its holdings in shares of Colgate-Palmolive by 71.2% in the 2nd quarter. Leo Wealth LLC now owns 15,945 shares of the company’s stock valued at $1,449,000 after buying an additional 6,632 shares during the period. Armstrong Fleming & Moore Inc acquired a new position in shares of Colgate-Palmolive in the 2nd quarter valued at about $271,000. Maryland State Retirement & Pension System boosted its holdings in shares of Colgate-Palmolive by 2.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 39,075 shares of the company’s stock valued at $3,552,000 after buying an additional 1,076 shares during the period. Finally, Massachusetts Wealth Management boosted its holdings in shares of Colgate-Palmolive by 1.8% in the 2nd quarter. Massachusetts Wealth Management now owns 12,822 shares of the company’s stock valued at $1,166,000 after buying an additional 225 shares during the period. Institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colgate-Palmolive in a report on Wednesday. Piper Sandler assumed coverage on shares of Colgate-Palmolive in a report on Friday, October 3rd. They issued a “neutral” rating and a $84.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Colgate-Palmolive from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Finally, Citigroup decreased their price target on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating for the company in a report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.23.

Colgate-Palmolive Trading Down 0.2%

Colgate-Palmolive stock opened at $77.82 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79. The business’s fifty day simple moving average is $82.67 and its two-hundred day simple moving average is $87.99. Colgate-Palmolive Company has a 12 month low of $77.09 and a 12 month high of $102.61. The company has a market capitalization of $62.90 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 4.05 and a beta of 0.34.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio is 58.43%.

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.