Deutsche Bank AG Has $672.45 Million Stock Position in Colgate-Palmolive Company (NYSE:CL)

Key Points

• Deutsche Bank AG increased its holdings in Colgate-Palmolive by 3.7%, owning approximately 7.18 million shares worth around $672 million as of the most recent reporting period.
• Colgate-Palmolive reported $0.92 earnings per share for the quarter, exceeding expectations, with a revenue of $5.11 billion, reflecting a 1% year-over-year increase.
• The company has announced a quarterly dividend of $0.52 per share, representing a 2.5% dividend yield and a dividend payout ratio of roughly 58.43%.

Deutsche Bank AG increased its position in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,176,598 shares of the company's stock after acquiring an additional 253,604 shares during the period. Deutsche Bank AG owned approximately 0.89% of Colgate-Palmolive worth $672,447,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westend Capital Management LLC raised its holdings in Colgate-Palmolive by 111.1% during the 1st quarter. Westend Capital Management LLC now owns 266 shares of the company's stock worth $25,000 after buying an additional 140 shares during the period. Cornerstone Planning Group LLC increased its position in shares of Colgate-Palmolive by 1,913.3% in the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company's stock worth $28,000 after acquiring an additional 287 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of Colgate-Palmolive during the fourth quarter valued at approximately $31,000. Accredited Wealth Management LLC acquired a new stake in shares of Colgate-Palmolive during the fourth quarter valued at approximately $34,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Colgate-Palmolive in the 4th quarter valued at approximately $33,000. 80.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Colgate-Palmolive from $99.00 to $95.00 and set an "overweight" rating on the stock in a research report on Monday. UBS Group lowered their price target on Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Barclays increased 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. Wells Fargo & Company lowered their target price on Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Wall Street Zen lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Colgate-Palmolive presently has an average rating of "Hold" and an average price target of $98.92.

Colgate-Palmolive Stock Down 0.0%

Shares of CL traded down $0.00 during mid-day trading on Friday, hitting $84.71. 4,133,894 shares of the company's stock were exchanged, compared to its average volume of 4,850,591. The stock has a market cap of $68.46 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 4.41 and a beta of 0.35. The firm has a fifty day moving average of $88.76 and a two-hundred day moving average of $90.13. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 6.79. Colgate-Palmolive Company has a twelve month low of $82.40 and a twelve month high of $109.30.

Colgate-Palmolive (NYSE:CL - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The business's quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side 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 declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, July 18th. Colgate-Palmolive's dividend payout ratio (DPR) is 58.43%.

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.