Colgate-Palmolive (NYSE:CL) Shares Acquired by Railway Pension Investments Ltd

Railway Pension Investments Ltd increased its stake in Colgate-Palmolive (NYSE:CL) by 3.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 999,296 shares of the company’s stock after buying an additional 30,300 shares during the quarter. Railway Pension Investments Ltd’s holdings in Colgate-Palmolive were worth $89,987,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its position in Colgate-Palmolive by 13.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,517,319 shares of the company’s stock worth $136,939,000 after acquiring an additional 179,773 shares in the last quarter. Peninsula Wealth LLC bought a new stake in Colgate-Palmolive in the first quarter worth about $259,000. Cetera Advisors LLC raised its position in Colgate-Palmolive by 105.3% in the first quarter. Cetera Advisors LLC now owns 49,362 shares of the company’s stock worth $4,445,000 after acquiring an additional 25,315 shares in the last quarter. Cetera Investment Advisers raised its position in Colgate-Palmolive by 254.0% in the first quarter. Cetera Investment Advisers now owns 149,180 shares of the company’s stock worth $13,434,000 after acquiring an additional 107,041 shares in the last quarter. Finally, Burney Co. raised its position in Colgate-Palmolive by 11.0% in the first quarter. Burney Co. now owns 21,813 shares of the company’s stock worth $1,964,000 after acquiring an additional 2,160 shares in the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CL has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Colgate-Palmolive from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Morgan Stanley boosted their price target on shares of Colgate-Palmolive from $103.00 to $111.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Citigroup boosted their price objective on Colgate-Palmolive from $103.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Hsbc Global Res downgraded Colgate-Palmolive from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada boosted their price objective on Colgate-Palmolive from $88.00 to $95.00 and gave the stock a “sector perform” rating in a report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Colgate-Palmolive currently has an average rating of “Moderate Buy” and a consensus price target of $101.11.

Colgate-Palmolive Stock Up 1.9 %

Shares of CL traded up $1.88 during trading hours on Friday, reaching $102.81. The company’s stock had a trading volume of 5,088,982 shares, compared to its average volume of 4,089,503. The firm has a market cap of $84.01 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 3.54 and a beta of 0.39. Colgate-Palmolive has a 1-year low of $67.62 and a 1-year high of $103.35. The company has a quick ratio of 0.28, a current ratio of 1.06 and a debt-to-equity ratio of 16.90. The company has a 50 day moving average of $96.49 and a two-hundred day moving average of $90.76.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5 billion. Colgate-Palmolive had a return on equity of 470.19% and a net margin of 14.21%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. As a group, research analysts predict that Colgate-Palmolive will post 3.57 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a $0.50 dividend. The ex-dividend date is Friday, July 19th. This represents a $2.00 annualized dividend and a dividend yield of 1.95%. Colgate-Palmolive’s payout ratio is 63.29%.

Insider Activity at Colgate-Palmolive

In related news, insider John W. Kooyman sold 3,497 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $93.47, for a total value of $326,864.59. Following the completion of the sale, the insider now owns 3,181 shares of the company’s stock, valued at approximately $297,328.07. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Colgate-Palmolive news, insider John W. Kooyman sold 3,497 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $93.47, for a total transaction of $326,864.59. Following the completion of the sale, the insider now owns 3,181 shares of the company’s stock, valued at $297,328.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sally Massey sold 12,226 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $94.06, for a total value of $1,149,977.56. Following the sale, the insider now directly owns 13,924 shares of the company’s stock, valued at approximately $1,309,691.44. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.

Colgate-Palmolive Profile

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.