Commonwealth Equity Services LLC Has $25.32 Million Stake in Colgate-Palmolive Company $CL

Commonwealth Equity Services LLC lifted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 20.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 316,714 shares of the company’s stock after buying an additional 54,741 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Colgate-Palmolive were worth $25,318,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CL. Brighton Jones LLC lifted its position in Colgate-Palmolive by 4.4% during the fourth quarter. Brighton Jones LLC now owns 10,578 shares of the company’s stock worth $962,000 after purchasing an additional 450 shares during the period. Woodline Partners LP raised its holdings in Colgate-Palmolive by 76.3% in the 1st 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 last quarter. Bayforest Capital Ltd increased its holdings in Colgate-Palmolive by 259.4% in the first quarter. Bayforest Capital Ltd now owns 3,386 shares of the company’s stock valued at $317,000 after purchasing an additional 2,444 shares during the period. SageView Advisory Group LLC bought a new position in shares of Colgate-Palmolive during the first quarter worth about $787,000. Finally, Plato Investment Management Ltd lifted its holdings in Colgate-Palmolive by 0.7% in the first quarter. Plato Investment Management Ltd now owns 25,707 shares of the company’s stock valued at $2,435,000 after buying an additional 177 shares during the period. 80.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada raised shares of Colgate-Palmolive from a “sector perform” rating to an “outperform” rating and set a $88.00 price objective for the company in a research report on Tuesday, December 9th. Piper Sandler set a $88.00 price target on Colgate-Palmolive and gave the stock an “overweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a $86.00 price objective on shares of Colgate-Palmolive in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Colgate-Palmolive in a report on Wednesday, October 8th. Finally, Evercore ISI decreased their price objective on Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Colgate-Palmolive presently has a consensus rating of “Moderate Buy” and an average price target of $88.19.

Colgate-Palmolive Trading Up 4.9%

Shares of Colgate-Palmolive stock opened at $80.85 on Friday. The firm has a market cap of $65.17 billion, a PE ratio of 22.65, a PEG ratio of 5.22 and a beta of 0.30. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $100.18. The company has a 50 day simple moving average of $78.63 and a two-hundred day simple moving average of $82.04.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.17 billion. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. Analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be issued a $0.52 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. Colgate-Palmolive’s 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.