Colgate-Palmolive Company $CL Shares Sold by CVA Family Office LLC

CVA Family Office LLC decreased its holdings in Colgate-Palmolive Company (NYSE:CL) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,976 shares of the company’s stock after selling 243 shares during the quarter. CVA Family Office LLC’s holdings in Colgate-Palmolive were worth $270,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CL. Westend Capital Management LLC increased its holdings in shares of Colgate-Palmolive by 111.1% in the 1st quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock valued at $25,000 after purchasing an additional 140 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in Colgate-Palmolive by 1,913.3% in the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock valued at $28,000 after buying an additional 287 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of Colgate-Palmolive during the 1st quarter valued at approximately $29,000. Ransom Advisory Ltd acquired a new stake in shares of Colgate-Palmolive in the 1st quarter worth approximately $33,000. Finally, Y.D. More Investments Ltd purchased a new position in Colgate-Palmolive in the 1st quarter valued at approximately $37,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CL has been the topic of a number of research analyst reports. Barclays decreased their target price on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Citigroup lowered their price objective on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. cut their target price on shares of Colgate-Palmolive from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. Piper Sandler initiated coverage on shares of Colgate-Palmolive in a research note on Friday, October 3rd. They set a “neutral” rating and a $84.00 price objective for the company. Finally, UBS Group reduced their target price on Colgate-Palmolive from $99.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Eight investment 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. Based on data from MarketBeat, Colgate-Palmolive presently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Colgate-Palmolive Stock Performance

NYSE CL opened at $78.01 on Friday. 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 company has a market capitalization of $63.05 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 4.58 and a beta of 0.34. The business’s 50-day moving average price is $81.33 and its 200 day moving average price is $86.93. Colgate-Palmolive Company has a twelve month low of $76.68 and a twelve month high of $100.18.

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

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio (DPR) 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.