DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Position in Colgate-Palmolive (NYSE:CL)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its position in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 40.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 738,154 shares of the company's stock after selling 493,397 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.09% of Colgate-Palmolive worth $67,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Colgate-Palmolive during the 4th quarter valued at $26,000. Centricity Wealth Management LLC bought a new stake in Colgate-Palmolive in the 4th quarter worth $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Colgate-Palmolive during the fourth quarter valued at about $32,000. Briaud Financial Planning Inc bought a new stake in shares of Colgate-Palmolive in the fourth quarter worth about $32,000. Finally, Wintrust Investments LLC purchased a new position in Colgate-Palmolive during the 4th quarter valued at about $33,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on CL shares. Stifel Nicolaus reduced their price target on shares of Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Raymond James restated an "outperform" rating and set a $105.00 price target (down from $110.00) on shares of Colgate-Palmolive in a report on Monday, February 3rd. Piper Sandler cut their price objective on shares of Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. StockNews.com lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, TD Cowen reduced their target price on Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Colgate-Palmolive currently has an average rating of "Hold" and a consensus target price of $102.39.

Colgate-Palmolive Trading Down 0.1 %

Shares of CL opened at $90.88 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40. The company has a market cap of $73.65 billion, a P/E ratio of 25.82, a P/E/G ratio of 4.20 and a beta of 0.39. Colgate-Palmolive has a twelve month low of $85.32 and a twelve month high of $109.30. The company's fifty day simple moving average is $92.28 and its 200-day simple moving average is $91.71.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.92 billion. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. The company's quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. As a group, analysts expect that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.29%. This is an increase from Colgate-Palmolive's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, April 17th. Colgate-Palmolive's payout ratio is 58.76%.

Colgate-Palmolive announced that its board has approved a stock buyback program on Thursday, March 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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.

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