Colgate-Palmolive Company (NYSE:CL) Shares Acquired by Flossbach Von Storch SE

Flossbach Von Storch SE increased its stake in Colgate-Palmolive Company (NYSE:CL - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 279,336 shares of the company's stock after acquiring an additional 8,741 shares during the period. Flossbach Von Storch SE's holdings in Colgate-Palmolive were worth $26,174,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Colgate-Palmolive during the fourth quarter valued at approximately $912,375,000. Diamond Hill Capital Management Inc. acquired a new position in Colgate-Palmolive during the fourth quarter valued at approximately $348,718,000. Deutsche Bank AG lifted its position in Colgate-Palmolive by 35.6% during the fourth quarter. Deutsche Bank AG now owns 6,922,994 shares of the company's stock valued at $629,369,000 after buying an additional 1,816,865 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth $111,738,000. Finally, Renaissance Technologies LLC lifted its position in shares of Colgate-Palmolive by 70.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,808,110 shares of the company's stock worth $255,285,000 after purchasing an additional 1,158,060 shares in the last quarter. 80.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CL. Wells Fargo & Company boosted their target price on shares of Colgate-Palmolive from $83.00 to $88.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 2nd. Citigroup boosted their target price on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Barclays reduced their target price on shares of Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Piper Sandler reduced their target price 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. Finally, UBS Group boosted their target price on shares of Colgate-Palmolive from $105.00 to $109.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $101.69.

Colgate-Palmolive Stock Down 1.2%

CL stock opened at $92.18 on Wednesday. The firm has a market cap of $74.70 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 4.96 and a beta of 0.37. The firm has a fifty day moving average price of $90.66 and a two-hundred day moving average price of $90.54. Colgate-Palmolive Company has a 1-year low of $85.32 and a 1-year high of $109.30. The company has a debt-to-equity ratio of 8.96, a current ratio of 0.85 and a quick ratio of 0.54.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 14.52% and a return on equity of 461.04%. Colgate-Palmolive's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. Research analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current 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 given a $0.52 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.08 annualized dividend and a yield of 2.26%. Colgate-Palmolive's dividend payout ratio is presently 58.76%.

Colgate-Palmolive announced that its board has authorized a stock repurchase program on Thursday, March 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

About Colgate-Palmolive

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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