AEGON ASSET MANAGEMENT UK Plc Sells 28,016 Shares of Colgate-Palmolive Company $CL

AEGON ASSET MANAGEMENT UK Plc decreased its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,040,341 shares of the company’s stock after selling 28,016 shares during the quarter. Colgate-Palmolive accounts for about 1.2% of AEGON ASSET MANAGEMENT UK Plc’s investment portfolio, making the stock its 18th biggest position. AEGON ASSET MANAGEMENT UK Plc’s holdings in Colgate-Palmolive were worth $94,237,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Personal CFO Solutions LLC bought a new stake in Colgate-Palmolive in the first quarter valued at about $285,000. Vision Capital Management Inc. bought a new stake in Colgate-Palmolive in the first quarter valued at about $322,000. Autumn Glory Partners LLC increased its stake in Colgate-Palmolive by 67.4% in the first quarter. Autumn Glory Partners LLC now owns 8,905 shares of the company’s stock valued at $851,000 after acquiring an additional 3,586 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Colgate-Palmolive in the first quarter valued at about $2,166,000. Finally, Penserra Capital Management LLC grew its stake in Colgate-Palmolive by 398.6% during the first quarter. Penserra Capital Management LLC now owns 10,651 shares of the company’s stock worth $997,000 after buying an additional 8,515 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

CL has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colgate-Palmolive in a research note on Wednesday, October 8th. Barclays decreased their price objective on shares of Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. The Goldman Sachs Group decreased their price objective on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Piper Sandler initiated coverage on shares of Colgate-Palmolive in a research note on Friday, October 3rd. They set a “neutral” rating and a $84.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, September 25th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Colgate-Palmolive has a consensus rating of “Moderate Buy” and a consensus target price of $92.21.

Colgate-Palmolive Trading Up 1.9%

Shares of NYSE CL opened at $78.43 on Wednesday. The company’s 50 day simple moving average is $82.34 and its 200 day simple moving average is $87.67. Colgate-Palmolive Company has a fifty-two week low of $76.68 and a fifty-two week high of $102.61. The firm has a market capitalization of $63.39 billion, a P/E ratio of 22.03, a P/E/G ratio of 4.24 and a beta of 0.34. 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 issued its earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts predict that Colgate-Palmolive Company will post 3.75 EPS 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 given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Colgate-Palmolive’s dividend payout ratio is currently 58.43%.

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.