Vontobel Holding Ltd. Has $38.90 Million Holdings in Colgate-Palmolive Company $CL

Vontobel Holding Ltd. lowered its stake in Colgate-Palmolive Company (NYSE:CL - Free Report) by 17.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 427,903 shares of the company's stock after selling 89,176 shares during the period. Vontobel Holding Ltd. owned approximately 0.05% of Colgate-Palmolive worth $38,896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Personal CFO Solutions LLC acquired a new stake in shares of Colgate-Palmolive in the first quarter worth about $285,000. Vision Capital Management Inc. bought a new position in shares of Colgate-Palmolive in the first quarter worth about $322,000. Autumn Glory Partners LLC increased its stake in shares of Colgate-Palmolive by 67.4% in the first quarter. Autumn Glory Partners LLC now owns 8,905 shares of the company's stock worth $851,000 after purchasing an additional 3,586 shares during the period. Financial Gravity Asset Management Inc. bought a new position in shares of Colgate-Palmolive in the first quarter worth about $2,166,000. Finally, Penserra Capital Management LLC increased its stake in shares of Colgate-Palmolive by 398.6% in the first quarter. Penserra Capital Management LLC now owns 10,651 shares of the company's stock worth $997,000 after purchasing an additional 8,515 shares during the period. Institutional investors and hedge funds own 80.41% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CL shares. Wells Fargo & Company dropped their price objective on Colgate-Palmolive from $83.00 to $80.00 and set an "underweight" rating on the stock in a research note on Thursday, September 25th. Piper Sandler started coverage on Colgate-Palmolive in a research note on Friday, October 3rd. They issued a "neutral" rating and a $84.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on Colgate-Palmolive from $106.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, October 2nd. JPMorgan Chase & Co. lowered their price target on Colgate-Palmolive from $99.00 to $95.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Finally, Morgan Stanley lowered their price target on Colgate-Palmolive from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Colgate-Palmolive currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.23.

Colgate-Palmolive Trading Down 1.5%

Shares of CL opened at $77.96 on Thursday. Colgate-Palmolive Company has a 12-month low of $77.09 and a 12-month high of $102.61. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 6.79. The firm has a market capitalization of $63.01 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 4.11 and a beta of 0.34. The stock's 50-day moving average price is $82.79 and its 200 day moving average price is $88.08.

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

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive's dividend payout ratio is currently 58.43%.

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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