Occudo Quantitative Strategies LP Has $2.69 Million Holdings in Colgate-Palmolive (NYSE:CL)

Occudo Quantitative Strategies LP reduced its holdings in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 48.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,547 shares of the company's stock after selling 27,371 shares during the period. Occudo Quantitative Strategies LP's holdings in Colgate-Palmolive were worth $2,686,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in Colgate-Palmolive during the 4th quarter valued at $26,000. Centricity Wealth Management LLC purchased a new stake in shares of Colgate-Palmolive during the 4th quarter worth $27,000. Union Bancaire Privee UBP SA purchased a new position in Colgate-Palmolive in the fourth quarter valued at about $32,000. Briaud Financial Planning Inc bought a new position in Colgate-Palmolive in the fourth quarter worth about $32,000. Finally, Wintrust Investments LLC purchased a new stake in shares of Colgate-Palmolive during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 80.41% of the company's stock.

Analyst Ratings Changes

CL has been the topic of a number of analyst reports. Barclays cut their price objective on shares of Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Piper Sandler reduced their price target on Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Citigroup increased their price objective on Colgate-Palmolive from $103.00 to $108.00 and gave the company a "buy" rating in a report on Monday, April 28th. UBS Group boosted their target price on Colgate-Palmolive from $105.00 to $109.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, Stifel Nicolaus decreased their price target on Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $102.12.

Colgate-Palmolive Stock Performance

Colgate-Palmolive stock traded up $1.63 during mid-day trading on Friday, hitting $91.26. 4,650,320 shares of the company's stock traded hands, compared to its average volume of 4,656,198. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 13.40. Colgate-Palmolive has a one year low of $85.32 and a one year high of $109.30. The firm has a 50 day moving average price of $91.71 and a 200 day moving average price of $91.33. The company has a market cap of $73.96 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 4.20 and a beta of 0.39.

Colgate-Palmolive (NYSE:CL - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.92 billion. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. On average, equities analysts forecast that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th were paid a $0.52 dividend. The ex-dividend date was Thursday, April 17th. This represents a $2.08 annualized dividend and a dividend yield of 2.28%. This is a boost from Colgate-Palmolive's previous quarterly dividend of $0.50. Colgate-Palmolive's payout ratio is currently 58.76%.

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

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.