Vanguard Personalized Indexing Management LLC Has $8.78 Million Stock Holdings in Colgate-Palmolive Company $CL

Vanguard Personalized Indexing Management LLC grew its holdings in Colgate-Palmolive Company (NYSE:CL) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,164 shares of the company’s stock after buying an additional 20,013 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Colgate-Palmolive were worth $8,784,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in shares of Colgate-Palmolive by 35.3% in the fourth quarter. Teacher Retirement System of Texas now owns 469,624 shares of the company’s stock valued at $37,110,000 after buying an additional 122,634 shares during the last quarter. Citigroup Inc. lifted its position in shares of Colgate-Palmolive by 43.7% in the third quarter. Citigroup Inc. now owns 1,346,590 shares of the company’s stock valued at $107,646,000 after buying an additional 409,710 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Colgate-Palmolive by 114.2% in the fourth quarter. GAMMA Investing LLC now owns 23,329 shares of the company’s stock valued at $1,843,000 after buying an additional 12,437 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Colgate-Palmolive by 217.0% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 40,605 shares of the company’s stock valued at $3,246,000 after buying an additional 27,796 shares during the last quarter. Finally, Avior Wealth Management LLC acquired a new stake in shares of Colgate-Palmolive in the fourth quarter valued at approximately $1,135,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CL has been the subject of several research reports. TD Cowen reissued a “hold” rating and set a $85.00 price target on shares of Colgate-Palmolive in a report on Tuesday, March 31st. Piper Sandler lowered their price objective on Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. lifted their price target on Colgate-Palmolive from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company decreased their price target on Colgate-Palmolive from $100.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.88.

Colgate-Palmolive Stock Performance

Shares of CL stock opened at $90.59 on Tuesday. The business’s 50-day moving average price is $86.96 and its 200-day moving average price is $86.38. Colgate-Palmolive Company has a 12 month low of $74.54 and a 12 month high of $99.33. The firm has a market capitalization of $72.49 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 4.72 and a beta of 0.33. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 16.33.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research analysts forecast that Colgate-Palmolive Company will post 3.81 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 20th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, July 20th. Colgate-Palmolive’s payout ratio is 82.49%.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.