Raiffeisen Bank International AG Has $39.40 Million Position in Colgate-Palmolive Company $CL

Raiffeisen Bank International AG increased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 495,577 shares of the company’s stock after purchasing an additional 45,343 shares during the period. Raiffeisen Bank International AG owned approximately 0.06% of Colgate-Palmolive worth $39,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Colonial Trust Co SC raised its holdings in Colgate-Palmolive by 7.3% in the 4th quarter. Colonial Trust Co SC now owns 5,902 shares of the company’s stock valued at $466,000 after acquiring an additional 401 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Colgate-Palmolive by 21.4% during the 4th quarter. Principal Securities Inc. now owns 18,232 shares of the company’s stock worth $1,441,000 after buying an additional 3,220 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Colgate-Palmolive by 11.0% during the 4th quarter. Great Lakes Advisors LLC now owns 101,262 shares of the company’s stock worth $8,002,000 after buying an additional 10,016 shares in the last quarter. Founders Financial Alliance LLC raised its holdings in shares of Colgate-Palmolive by 255.2% during the 4th quarter. Founders Financial Alliance LLC now owns 9,565 shares of the company’s stock worth $756,000 after buying an additional 6,872 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of Colgate-Palmolive by 1.8% during the 4th quarter. Great Valley Advisor Group Inc. now owns 23,027 shares of the company’s stock worth $1,820,000 after buying an additional 397 shares in the last quarter. 80.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CL shares. Rothschild & Co Redburn set a $100.00 price objective on Colgate-Palmolive and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley restated an “overweight” rating on shares of Colgate-Palmolive in a research report on Monday, May 4th. Weiss Ratings upgraded Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Piper Sandler reduced their price objective on Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $99.00 price target on shares of Colgate-Palmolive in a research report on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the 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%

NYSE CL opened at $89.48 on Friday. The business’s 50-day moving average price is $86.77 and its two-hundred day moving average price is $86.23. 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 $71.60 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 4.74 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 released 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. The firm 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 business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. On average, analysts expect that Colgate-Palmolive Company will post 3.81 EPS for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, July 20th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, July 20th. Colgate-Palmolive’s payout ratio is currently 82.49%.

Colgate-Palmolive 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.