Colgate-Palmolive Company (NYSE:CL) Position Increased by Autumn Glory Partners LLC

Autumn Glory Partners LLC grew its holdings in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 67.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,905 shares of the company's stock after buying an additional 3,586 shares during the quarter. Autumn Glory Partners LLC's holdings in Colgate-Palmolive were worth $851,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Colgate-Palmolive in the fourth quarter valued at $912,375,000. Diamond Hill Capital Management Inc. acquired a new stake in Colgate-Palmolive in the fourth quarter valued at $348,718,000. AMF Tjanstepension AB raised its holdings in Colgate-Palmolive by 1,088.8% in the fourth quarter. AMF Tjanstepension AB now owns 2,569,394 shares of the company's stock valued at $233,584,000 after acquiring an additional 2,353,268 shares in the last quarter. Deutsche Bank AG raised its holdings in Colgate-Palmolive by 35.6% in the fourth quarter. Deutsche Bank AG now owns 6,922,994 shares of the company's stock valued at $629,369,000 after acquiring an additional 1,816,865 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Colgate-Palmolive in the fourth quarter valued at $132,405,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CL has been the topic of several recent analyst reports. Wall Street Zen cut shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Piper Sandler cut their price target on shares of Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. upped their price target on shares of Colgate-Palmolive from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Barclays cut their price target on shares of Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Finally, Citigroup increased their target price on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the stock a "buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $102.12.

Colgate-Palmolive Stock Performance

Shares of CL stock traded down $0.34 during trading hours on Friday, reaching $87.85. The stock had a trading volume of 9,572,245 shares, compared to its average volume of 4,787,812. 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 Company has a twelve month low of $85.32 and a twelve month high of $109.30. The firm has a 50-day simple moving average of $91.50 and a 200-day simple moving average of $90.78. The firm has a market capitalization of $71.19 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 4.66 and a beta of 0.38.

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 for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The business had revenue of $4.91 billion for the quarter, compared to analysts' expectations of $4.92 billion. Colgate-Palmolive had a net margin of 14.52% and a return on equity of 461.04%. The company's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS. As a group, equities analysts forecast that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

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

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