Colgate-Palmolive Company $CL Shares Bought by Syon Capital LLC

Syon Capital LLC raised its position in Colgate-Palmolive Company (NYSE:CLFree Report) by 162.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,094 shares of the company’s stock after purchasing an additional 18,015 shares during the quarter. Syon Capital LLC’s holdings in Colgate-Palmolive were worth $2,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Havemeyer Place LP acquired a new position in Colgate-Palmolive in the 4th quarter valued at about $630,000. MCF Advisors LLC boosted its holdings in Colgate-Palmolive by 121.7% in the 4th quarter. MCF Advisors LLC now owns 909 shares of the company’s stock valued at $72,000 after purchasing an additional 499 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in Colgate-Palmolive by 22.4% in the 4th quarter. OneAscent Financial Services LLC now owns 4,649 shares of the company’s stock valued at $367,000 after purchasing an additional 851 shares during the last quarter. Pinebridge Investments LLC acquired a new position in Colgate-Palmolive in the 4th quarter valued at about $22,164,000. Finally, PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in Colgate-Palmolive in the 4th quarter valued at about $10,409,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on CL. Barclays boosted their target price on shares of Colgate-Palmolive from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $102.00 price objective on shares of Colgate-Palmolive in a report on Monday, May 4th. Bank of America decreased their price objective on shares of Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $99.00 price objective on shares of Colgate-Palmolive in a report on Monday, May 4th. Finally, TD Cowen restated a “hold” rating and issued a $85.00 price objective on shares of Colgate-Palmolive in a report on Tuesday, March 31st. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.88.

Read Our Latest Stock Analysis on CL

Colgate-Palmolive Stock Up 0.0%

Shares of CL opened at $88.61 on Monday. The stock has a market capitalization of $70.91 billion, a PE ratio of 34.48, a P/E/G ratio of 4.60 and a beta of 0.33. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $99.33. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.67 and a current ratio of 1.02. The company’s 50-day simple moving average is $86.49 and its 200-day simple moving average is $85.98.

Colgate-Palmolive (NYSE:CLGet Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.22 billion. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Analysts forecast that Colgate-Palmolive Company will post 3.82 earnings per share for the current fiscal year.

Colgate-Palmolive Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, April 20th were issued a dividend of $0.53 per share. This is a boost from Colgate-Palmolive’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, April 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 82.49%.

Colgate-Palmolive Company 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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