Colgate-Palmolive Company (NYSE:CL) Shares Bought by OneAscent Family Office LLC

OneAscent Family Office LLC boosted its position in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 105.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 6,106 shares of the company's stock after acquiring an additional 3,132 shares during the quarter. OneAscent Family Office LLC's holdings in Colgate-Palmolive were worth $572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Westend Capital Management LLC increased its stake in shares of Colgate-Palmolive by 111.1% in the 1st quarter. Westend Capital Management LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 140 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Colgate-Palmolive by 1,913.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 302 shares of the company's stock valued at $28,000 after purchasing an additional 287 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $31,000. Bernard Wealth Management Corp. purchased a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $33,000. Finally, Accredited Wealth Management LLC purchased a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 80.41% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CL shares. UBS Group cut their price objective on Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating for the company in a research note on Thursday. Piper Sandler cut their price objective on Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Barclays boosted their price objective on Colgate-Palmolive from $86.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Wall Street Zen cut Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Citigroup boosted their target price on Colgate-Palmolive from $103.00 to $108.00 and gave the stock a "buy" rating in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $100.64.

Colgate-Palmolive Stock Performance

Shares of CL stock opened at $86.88 on Friday. The stock's 50-day moving average is $90.34 and its two-hundred day moving average is $90.38. The firm has a market cap of $70.41 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 4.59 and a beta of 0.37. 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 quick ratio of 0.54 and a current ratio of 0.85.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The business had revenue of $4.91 billion during 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%. The business's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Analysts predict that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, July 18th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.39%. Colgate-Palmolive's dividend payout ratio (DPR) is 58.76%.

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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