Rhumbline Advisers Acquires 4,747 Shares of Colgate-Palmolive (NYSE:CL)

Rhumbline Advisers raised its position in Colgate-Palmolive (NYSE:CL) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,846,244 shares of the company’s stock after purchasing an additional 4,747 shares during the period. Rhumbline Advisers owned approximately 0.23% of Colgate-Palmolive worth $167,842,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CL. Creative Planning increased its stake in Colgate-Palmolive by 2.0% in the third quarter. Creative Planning now owns 218,018 shares of the company’s stock valued at $22,632,000 after purchasing an additional 4,372 shares in the last quarter. NBC Securities Inc. increased its stake in Colgate-Palmolive by 49.3% in the third quarter. NBC Securities Inc. now owns 5,463 shares of the company’s stock valued at $567,000 after purchasing an additional 1,804 shares in the last quarter. Swedbank AB increased its stake in Colgate-Palmolive by 1.4% in the third quarter. Swedbank AB now owns 2,950,059 shares of the company’s stock valued at $306,246,000 after purchasing an additional 40,324 shares in the last quarter. SPC Financial Inc. increased its stake in Colgate-Palmolive by 27.8% in the third quarter. SPC Financial Inc. now owns 2,990 shares of the company’s stock valued at $310,000 after purchasing an additional 650 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in Colgate-Palmolive by 10.6% in the third quarter. Cornerstone Wealth Management LLC now owns 8,226 shares of the company’s stock valued at $854,000 after purchasing an additional 789 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

CL has been the subject of several research reports. Raymond James reissued an “outperform” rating and set a $105.00 price objective (down previously from $110.00) on shares of Colgate-Palmolive in a research report on Monday, February 3rd. Stifel Nicolaus lowered their price objective on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Barclays lowered their price objective on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Piper Sandler lowered their price objective on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Colgate-Palmolive currently has a consensus rating of “Hold” and an average price target of $101.16.

Colgate-Palmolive Stock Performance

Shares of CL stock opened at $86.10 on Friday. The stock has a market cap of $70.34 billion, a P/E ratio of 24.46, a P/E/G ratio of 4.12 and a beta of 0.44. The company has a debt-to-equity ratio of 9.46, a current ratio of 0.41 and a quick ratio of 0.26. The company has a fifty day moving average price of $89.69 and a two-hundred day moving average price of $96.48. Colgate-Palmolive has a one year low of $83.20 and a one year high of $109.30.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. During the same period last year, the firm earned $0.87 EPS. As a group, equities analysts predict that Colgate-Palmolive will post 3.73 EPS for the current year.

Colgate-Palmolive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Tuesday, January 21st. Colgate-Palmolive’s payout ratio is presently 56.82%.

Colgate-Palmolive Company 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.