Colgate-Palmolive Company $CL Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Colgate-Palmolive Company (NYSE:CL) by 7.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 198,760 shares of the company’s stock after buying an additional 13,172 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Colgate-Palmolive were worth $18,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empower Advisory Group LLC lifted its position in shares of Colgate-Palmolive by 0.7% during the second quarter. Empower Advisory Group LLC now owns 163,007 shares of the company’s stock worth $14,817,000 after purchasing an additional 1,089 shares in the last quarter. Security Financial Services INC. increased its stake in Colgate-Palmolive by 12.2% during the 2nd quarter. Security Financial Services INC. now owns 7,214 shares of the company’s stock worth $656,000 after buying an additional 782 shares during the period. Foundations Investment Advisors LLC increased its stake in Colgate-Palmolive by 73.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 4,982 shares of the company’s stock worth $453,000 after buying an additional 2,107 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Colgate-Palmolive by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,485,095 shares of the company’s stock worth $407,695,000 after buying an additional 90,557 shares in the last quarter. Finally, RAM Investment Partners LLC purchased a new position in Colgate-Palmolive in the 2nd quarter valued at approximately $295,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $86.00 price objective on Colgate-Palmolive in a research report on Friday, October 10th. Piper Sandler initiated coverage on Colgate-Palmolive in a research note on Friday, October 3rd. They set a “neutral” rating and a $84.00 target price for the company. Wells Fargo & Company cut their price target on Colgate-Palmolive from $80.00 to $77.00 and set an “underweight” rating on the stock in a report on Monday, November 3rd. Evercore ISI decreased their price objective on Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, Barclays cut their target price on shares of Colgate-Palmolive from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.87.

Colgate-Palmolive Stock Performance

NYSE CL opened at $78.01 on Friday. The company has a fifty day moving average of $79.18 and a two-hundred day moving average of $85.21. The company has a market capitalization of $62.88 billion, a PE ratio of 21.91, a P/E/G ratio of 4.44 and a beta of 0.35. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $100.18. The company has a debt-to-equity ratio of 6.79, a current ratio of 0.89 and a quick ratio of 0.57.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.17 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. As a group, analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 17th were given a $0.52 dividend. The ex-dividend date was Friday, October 17th. This represents a $2.08 annualized dividend and a yield of 2.7%. Colgate-Palmolive’s dividend payout ratio is 58.26%.

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.