Achmea Investment Management B.V. Purchases 29,759 Shares of Colgate-Palmolive Company (NYSE:CL)

Achmea Investment Management B.V. lifted its holdings in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 8.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 366,951 shares of the company's stock after buying an additional 29,759 shares during the period. Achmea Investment Management B.V.'s holdings in Colgate-Palmolive were worth $34,384,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Colgate-Palmolive during the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth $31,000. Briaud Financial Planning Inc bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at $32,000. Wintrust Investments LLC acquired a new stake in shares of Colgate-Palmolive during the 4th quarter valued at $33,000. Finally, Bernard Wealth Management Corp. bought a new stake in Colgate-Palmolive during the 4th quarter worth $33,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CL has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on Colgate-Palmolive from $95.00 to $103.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Wall Street Zen downgraded shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Citigroup boosted their price objective on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Piper Sandler cut their target price on Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Finally, UBS Group increased their target price on shares of Colgate-Palmolive from $105.00 to $109.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Colgate-Palmolive has a consensus rating of "Hold" and an average price target of $101.69.

Colgate-Palmolive Price Performance

NYSE:CL opened at $87.85 on Friday. The firm has a market capitalization of $71.19 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 4.66 and a beta of 0.38. The company has a debt-to-equity ratio of 8.96, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a fifty day moving average of $90.99 and a 200 day moving average of $90.64. Colgate-Palmolive Company has a 52-week low of $85.32 and a 52-week high of $109.30.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. Colgate-Palmolive had a net margin of 14.52% and a return on equity of 461.04%. The business had revenue of $4.91 billion during the quarter, compared to analysts' expectations of $4.92 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The business's quarterly revenue was down 3.0% compared to the same quarter last year. On average, research analysts expect that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.37%. Colgate-Palmolive's dividend payout ratio is 58.76%.

Colgate-Palmolive declared that its board has approved a stock buyback plan on Thursday, March 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

Colgate-Palmolive 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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