DJE Kapital AG Decreases Stake in Colgate-Palmolive Company $CL

DJE Kapital AG lessened its stake in Colgate-Palmolive Company (NYSE:CL) by 68.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,871 shares of the company’s stock after selling 142,723 shares during the quarter. DJE Kapital AG’s holdings in Colgate-Palmolive were worth $5,341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CL. Norges Bank purchased a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $861,670,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Colgate-Palmolive by 8,040.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,655,987 shares of the company’s stock worth $380,666,000 after acquiring an additional 4,598,789 shares in the last quarter. Deutsche Bank AG raised its position in shares of Colgate-Palmolive by 33.9% during the 4th quarter. Deutsche Bank AG now owns 10,845,857 shares of the company’s stock worth $857,040,000 after acquiring an additional 2,746,920 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Colgate-Palmolive by 47.4% during the 4th quarter. Franklin Resources Inc. now owns 6,044,168 shares of the company’s stock worth $477,610,000 after acquiring an additional 1,942,946 shares in the last quarter. Finally, Amundi raised its position in shares of Colgate-Palmolive by 41.6% during the 3rd quarter. Amundi now owns 6,294,445 shares of the company’s stock worth $487,505,000 after acquiring an additional 1,850,412 shares in the last quarter. Hedge funds and other 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. Sanford C. Bernstein initiated coverage on Colgate-Palmolive in a research report on Thursday. They set a “market perform” rating and a $96.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Colgate-Palmolive from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $102.00 target price on shares of Colgate-Palmolive in a research report on Monday, May 4th. Rothschild & Co Redburn set a $100.00 target price on Colgate-Palmolive and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, TD Cowen reissued a “hold” rating and set a $85.00 target price on shares of Colgate-Palmolive in a research report on Tuesday, March 31st. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.88.

Colgate-Palmolive Trading Down 0.5%

CL opened at $89.48 on Friday. The firm has a market cap of $71.60 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 4.74 and a beta of 0.33. Colgate-Palmolive Company has a 52 week low of $74.54 and a 52 week high of $99.33. The business’s 50 day moving average is $86.77 and its two-hundred day moving average is $86.23. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33.

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

Colgate-Palmolive Announces Dividend

The company 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 dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $2.12 annualized dividend and a yield of 2.4%. Colgate-Palmolive’s payout ratio is 82.49%.

About Colgate-Palmolive

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.