Vest Financial LLC Has $59.36 Million Position in Colgate-Palmolive (NYSE:CL)

Vest Financial LLC increased its stake in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,520 shares of the company's stock after buying an additional 58,339 shares during the quarter. Vest Financial LLC owned about 0.08% of Colgate-Palmolive worth $59,361,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Colgate-Palmolive during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC acquired a new stake in Colgate-Palmolive during the fourth quarter worth approximately $27,000. Vermillion Wealth Management Inc. acquired a new stake in Colgate-Palmolive during the fourth quarter worth approximately $31,000. Union Bancaire Privee UBP SA acquired a new stake in Colgate-Palmolive during the fourth quarter worth approximately $32,000. Finally, Briaud Financial Planning Inc acquired a new stake in Colgate-Palmolive during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 80.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Colgate-Palmolive from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Barclays cut their target price on Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company upped their target price on Colgate-Palmolive from $83.00 to $88.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 2nd. Citigroup upped their target price on Colgate-Palmolive from $103.00 to $108.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Finally, Piper Sandler cut their target price 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Colgate-Palmolive currently has an average rating of "Hold" and a consensus price target of $102.12.

Colgate-Palmolive Stock Down 0.2%

Shares of CL opened at $90.04 on Friday. The stock has a market capitalization of $72.97 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 4.20 and a beta of 0.38. The company has a debt-to-equity ratio of 13.40, a quick ratio of 0.58 and a current ratio of 0.92. Colgate-Palmolive has a 52 week low of $85.32 and a 52 week high of $109.30. The stock has a fifty day moving average of $91.84 and a 200-day moving average of $91.21.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported $0.91 earnings per share (EPS) 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 analyst estimates of $4.92 billion. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. Colgate-Palmolive's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. As a group, sell-side analysts anticipate that Colgate-Palmolive will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 17th were given a dividend of $0.52 per share. This is a positive change from Colgate-Palmolive's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, April 17th. Colgate-Palmolive's dividend payout ratio (DPR) is currently 58.76%.

Colgate-Palmolive declared that its Board of Directors has initiated a stock buyback program on Thursday, March 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

About Colgate-Palmolive

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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