Keybank National Association OH Sells 6,493 Shares of Colgate-Palmolive Company $CL

Keybank National Association OH decreased its holdings in Colgate-Palmolive Company (NYSE:CLFree Report) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 395,274 shares of the company’s stock after selling 6,493 shares during the quarter. Keybank National Association OH’s holdings in Colgate-Palmolive were worth $31,598,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Westside Investment Management Inc. increased its stake in Colgate-Palmolive by 85.5% in the 2nd quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock valued at $26,000 after buying an additional 130 shares during the last quarter. Copia Wealth Management bought a new position in Colgate-Palmolive during the third quarter valued at $29,000. Vermillion & White Wealth Management Group LLC increased its holdings in Colgate-Palmolive by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Colgate-Palmolive during the 3rd quarter valued at approximately $30,000. Finally, MTM Investment Management LLC bought a new position in shares of Colgate-Palmolive in the second quarter worth $39,000. 80.41% of the stock is currently owned by institutional investors.

Key Stories Impacting Colgate-Palmolive

Here are the key news stories impacting Colgate-Palmolive this week:

Colgate-Palmolive Price Performance

CL opened at $90.28 on Friday. The stock has a 50-day moving average price of $80.77 and a 200-day moving average price of $81.38. The firm has a market cap of $72.77 billion, a PE ratio of 25.29, a P/E/G ratio of 5.74 and a beta of 0.30. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $100.18. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60.

Colgate-Palmolive (NYSE:CLGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Colgate-Palmolive had a net margin of 14.47% and a return on equity of 333.39%. The company had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Sell-side analysts predict that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 21st will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, January 21st. This represents a $2.08 annualized dividend and a yield of 2.3%. Colgate-Palmolive’s dividend payout ratio is currently 58.26%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CL. TD Cowen cut their price objective on shares of Colgate-Palmolive from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Wells Fargo & Company set a $86.00 price target on Colgate-Palmolive and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Raymond James Financial lowered their price objective on shares of Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Barclays set a $83.00 target price on Colgate-Palmolive in a research note on Friday, January 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $96.00 target price on shares of Colgate-Palmolive in a research note on Friday. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.13.

Check Out Our Latest Analysis on CL

Colgate-Palmolive Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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