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R Squared Ltd Increases Holdings in Colgate-Palmolive Company (NYSE:CL)

Colgate-Palmolive logo with Consumer Staples background

Key Points

  • R Squared Ltd significantly increased its holdings in Colgate-Palmolive by 222.7% to a total of 5,840 shares, valued at $547,000 as of the latest SEC filing.
  • Colgate-Palmolive reported earnings per share of $0.92 for the last quarter, exceeding expectations and indicating year-over-year revenue growth of 1.0%.
  • The company also announced a quarterly dividend of $0.52 per share, to be paid on August 15th, representing an annual yield of 2.5%.
  • Five stocks to consider instead of Colgate-Palmolive.

R Squared Ltd grew its holdings in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 222.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,840 shares of the company's stock after purchasing an additional 4,030 shares during the quarter. R Squared Ltd's holdings in Colgate-Palmolive were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CL. Northern Trust Corp boosted its stake in Colgate-Palmolive by 11.7% in the 4th quarter. Northern Trust Corp now owns 9,497,819 shares of the company's stock worth $863,447,000 after purchasing an additional 993,328 shares during the period. Deutsche Bank AG boosted its stake in Colgate-Palmolive by 35.6% in the 4th quarter. Deutsche Bank AG now owns 6,922,994 shares of the company's stock worth $629,369,000 after purchasing an additional 1,816,865 shares during the period. Ameriprise Financial Inc. boosted its stake in Colgate-Palmolive by 3.8% in the 4th quarter. Ameriprise Financial Inc. now owns 6,798,821 shares of the company's stock worth $617,359,000 after purchasing an additional 246,908 shares during the period. Invesco Ltd. boosted its stake in Colgate-Palmolive by 2.7% in the 4th quarter. Invesco Ltd. now owns 6,537,918 shares of the company's stock worth $594,362,000 after purchasing an additional 169,140 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Colgate-Palmolive by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,299,989 shares of the company's stock worth $572,732,000 after purchasing an additional 632,653 shares during the period. Hedge funds and other institutional investors own 80.41% of the company's stock.

Colgate-Palmolive Stock Down 0.4%

CL stock traded down $0.34 during trading on Friday, reaching $83.51. 9,606,667 shares of the company traded hands, compared to its average volume of 4,901,203. Colgate-Palmolive Company has a 12 month low of $82.70 and a 12 month high of $109.30. The business has a 50 day simple moving average of $89.59 and a 200 day simple moving average of $90.31. The company has a market capitalization of $67.68 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 4.31 and a beta of 0.35. The company has a debt-to-equity ratio of 8.96, a quick ratio of 0.28 and a current ratio of 0.43.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm 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 $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, July 18th. Colgate-Palmolive's dividend payout ratio (DPR) is currently 58.76%.

Analyst Ratings Changes

Several research analysts have weighed in on CL shares. JPMorgan Chase & Co. dropped their price target on Colgate-Palmolive from $103.00 to $99.00 and set an "overweight" rating for the company in a research note on Friday, July 25th. Citigroup increased their target price on Colgate-Palmolive from $103.00 to $108.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Wall Street Zen downgraded Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. UBS Group lowered their target price on Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Finally, Barclays increased their target price on Colgate-Palmolive from $86.00 to $87.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. 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 stock. According to MarketBeat.com, Colgate-Palmolive presently has a consensus rating of "Hold" and an average target price of $100.58.

View Our Latest Stock Report on Colgate-Palmolive

Colgate-Palmolive Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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