FORA Capital LLC Has $4.77 Million Stock Holdings in Colgate-Palmolive Company $CL

Key Points

• FORA Capital LLC boosted its stake in Colgate‑Palmolive by 161.2% in Q3 to 59,696 shares valued at $4.77 million, making CL about 0.8% of FORA’s portfolio and its 20th‑largest holding.
• Insiders have been net sellers: CFO Stanley J. Sutula III sold 97,843 shares and insiders sold 184,683 shares (~$17.49M) over the past 90 days, leaving insiders with just 0.34% ownership.
• Company fundamentals: Colgate beat Q earnings (EPS $0.95 vs. $0.91) with revenue up 5.8% YoY to $5.23B, and raised its quarterly dividend to $0.53 (annualized $2.12, yield ~2.4%).

FORA Capital LLC boosted its position in Colgate-Palmolive Company (NYSE:CL - Free Report) by 161.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,696 shares of the company's stock after buying an additional 36,844 shares during the period. Colgate-Palmolive makes up approximately 0.8% of FORA Capital LLC's portfolio, making the stock its 20th biggest position. FORA Capital LLC's holdings in Colgate-Palmolive were worth $4,772,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Colgate-Palmolive by 1.2% in the second quarter. Vanguard Group Inc. now owns 82,751,689 shares of the company's stock valued at $7,522,129,000 after acquiring an additional 993,432 shares during the period. Norges Bank bought a new stake in shares of Colgate-Palmolive during the second quarter valued at approximately $960,390,000. Invesco Ltd. raised its position in shares of Colgate-Palmolive by 13.1% during the third quarter. Invesco Ltd. now owns 8,467,993 shares of the company's stock worth $676,931,000 after purchasing an additional 978,943 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Colgate-Palmolive by 46.7% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 8,077,549 shares of the company's stock worth $645,719,000 after purchasing an additional 2,572,796 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Colgate-Palmolive by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 5,919,524 shares of the company's stock worth $473,207,000 after purchasing an additional 162,253 shares in the last quarter. 80.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Stanley J. Sutula III sold 97,843 shares of the firm's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $94.27, for a total transaction of $9,223,659.61. Following the completion of the sale, the chief financial officer directly owned 55,310 shares of the company's stock, valued at $5,214,073.70. This trade represents a 63.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Hazlin sold 20,989 shares of Colgate-Palmolive stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $94.25, for a total value of $1,978,213.25. Following the sale, the insider owned 17,645 shares in the company, valued at $1,663,041.25. The trade was a 54.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 184,683 shares of company stock valued at $17,486,693. Insiders own 0.34% of the company's stock.

Colgate-Palmolive Stock Up 1.0%

CL opened at $88.85 on Friday. The company has a debt-to-equity ratio of 18.82, a current ratio of 0.83 and a quick ratio of 0.54. The company's 50-day moving average is $90.11 and its 200 day moving average is $83.24. Colgate-Palmolive Company has a fifty-two week low of $74.54 and a fifty-two week high of $99.33. The firm has a market capitalization of $71.62 billion, a P/E ratio of 33.91, a PEG ratio of 3.94 and a beta of 0.28.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.13 billion. Colgate-Palmolive had a net margin of 10.45% and a return on equity of 353.72%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. Research analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 20th will be issued a $0.53 dividend. This is a boost from Colgate-Palmolive's previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, April 20th. Colgate-Palmolive's dividend payout ratio is currently 79.39%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CL shares. Piper Sandler boosted their price target on shares of Colgate-Palmolive from $88.00 to $96.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Royal Bank Of Canada upgraded shares of Colgate-Palmolive from a "sector perform" rating to an "outperform" rating and set a $88.00 price objective for the company in a report on Tuesday, December 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Colgate-Palmolive in a research report on Wednesday, January 21st. The Goldman Sachs Group restated a "buy" rating and issued a $100.00 target price on shares of Colgate-Palmolive in a report on Friday, February 20th. Finally, Argus reiterated a "hold" rating on shares of Colgate-Palmolive in a research note on Thursday, December 11th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.75.

Colgate-Palmolive Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company's core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.

Want to see what other hedge funds are holding CL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colgate-Palmolive Company (NYSE:CL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.