KPP Advisory Services LLC Increases Position in Colgate-Palmolive Company $CL

KPP Advisory Services LLC lifted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,816 shares of the company’s stock after purchasing an additional 1,293 shares during the period. KPP Advisory Services LLC’s holdings in Colgate-Palmolive were worth $1,074,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CL. Westend Capital Management LLC increased its stake in Colgate-Palmolive by 111.1% in the first quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock valued at $25,000 after purchasing an additional 140 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Colgate-Palmolive by 1,913.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock valued at $28,000 after purchasing an additional 287 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Colgate-Palmolive in the 1st quarter valued at about $29,000. Ransom Advisory Ltd purchased a new position in Colgate-Palmolive during the 1st quarter worth approximately $33,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Colgate-Palmolive during the first quarter worth approximately $37,000. 80.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating for the company in a report on Monday, August 4th. Piper Sandler initiated coverage on Colgate-Palmolive in a research report on Friday. They set a “neutral” rating and a $84.00 price objective for the company. Barclays dropped their target price on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colgate-Palmolive in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Colgate-Palmolive from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Seven equities research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $94.83.

Colgate-Palmolive Trading Down 0.4%

Shares of Colgate-Palmolive stock opened at $78.01 on Monday. The company has a 50-day moving average of $83.29 and a two-hundred day moving average of $88.30. Colgate-Palmolive Company has a 12-month low of $77.91 and a 12-month high of $102.61. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79. The stock has a market cap of $63.05 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 4.06 and a beta of 0.34.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, August 1st. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, research analysts anticipate that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 17th. Colgate-Palmolive’s payout ratio is 58.43%.

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.