Raiffeisen Bank International AG Has $39.40 Million Stock Holdings in Colgate-Palmolive Company $CL

Raiffeisen Bank International AG increased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 10.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 495,577 shares of the company’s stock after purchasing an additional 45,343 shares during the period. Raiffeisen Bank International AG’s holdings in Colgate-Palmolive were worth $39,403,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its stake in shares of Colgate-Palmolive by 86.7% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Jessup Wealth Management Inc bought a new position in Colgate-Palmolive during the fourth quarter valued at $26,000. Maseco LLP bought a new position in shares of Colgate-Palmolive in the fourth quarter worth $27,000. Global Wealth Strategies & Associates boosted its holdings in shares of Colgate-Palmolive by 300.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 400 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares during the period. Finally, Grove Bank & Trust boosted its holdings in shares of Colgate-Palmolive by 182.6% in the fourth quarter. Grove Bank & Trust now owns 407 shares of the company’s stock worth $32,000 after acquiring an additional 263 shares during the period. 80.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CL shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Colgate-Palmolive in a research report on Friday, May 1st. Sanford C. Bernstein assumed coverage on Colgate-Palmolive in a research report on Thursday. They set a “market perform” rating and a $96.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Colgate-Palmolive from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. TD Cowen restated a “hold” rating and set a $85.00 price target on shares of Colgate-Palmolive in a research report on Tuesday, March 31st. Finally, Wells Fargo & Company lowered their price target on Colgate-Palmolive from $100.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.88.

Colgate-Palmolive Stock Down 0.5%

CL opened at $89.48 on Friday. The company has a market cap of $71.60 billion, a P/E ratio of 34.82, a P/E/G ratio of 4.74 and a beta of 0.33. The business’s 50-day moving average price is $86.77 and its 200-day moving average price is $86.23. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 16.33. Colgate-Palmolive Company has a 12 month low of $74.54 and a 12 month high of $99.33.

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

Colgate-Palmolive Announces Dividend

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