13,000 Shares in Colgate-Palmolive Company $CL Acquired by Ally Financial Inc.

Ally Financial Inc. acquired a new position in Colgate-Palmolive Company (NYSE:CL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,000 shares of the company’s stock, valued at approximately $1,027,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CL. Citigroup Inc. boosted its stake in Colgate-Palmolive by 43.7% during the 3rd quarter. Citigroup Inc. now owns 1,346,590 shares of the company’s stock valued at $107,646,000 after purchasing an additional 409,710 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Colgate-Palmolive by 35.3% during the 4th quarter. Teacher Retirement System of Texas now owns 469,624 shares of the company’s stock valued at $37,110,000 after purchasing an additional 122,634 shares in the last quarter. GAMMA Investing LLC boosted its stake in Colgate-Palmolive by 114.2% during the 4th quarter. GAMMA Investing LLC now owns 23,329 shares of the company’s stock valued at $1,843,000 after purchasing an additional 12,437 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Colgate-Palmolive by 217.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 40,605 shares of the company’s stock valued at $3,246,000 after purchasing an additional 27,796 shares in the last quarter. Finally, Avior Wealth Management LLC bought a new position in Colgate-Palmolive during the 4th quarter valued at $1,135,000. 80.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CL. Piper Sandler decreased their price target on Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. TD Cowen reiterated a “hold” rating and set a $85.00 price objective on shares of Colgate-Palmolive in a research report on Tuesday, March 31st. Wells Fargo & Company cut their price objective on Colgate-Palmolive from $100.00 to $92.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Bank of America cut their price objective on Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $99.00 target price on shares of Colgate-Palmolive in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.88.

Colgate-Palmolive Trading Up 0.0%

Colgate-Palmolive stock opened at $89.40 on Friday. The company has a debt-to-equity ratio of 16.33, a current ratio of 1.02 and a quick ratio of 0.67. The company has a market capitalization of $71.54 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 4.72 and a beta of 0.33. Colgate-Palmolive Company has a one year low of $74.54 and a one year high of $99.33. The company’s fifty day moving average price is $86.85 and its two-hundred day moving average price is $86.25.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, May 1st. The company reported $0.97 EPS 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 business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. On average, analysts forecast that Colgate-Palmolive Company will post 3.81 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, July 20th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, July 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 82.49%.

Colgate-Palmolive Company Profile

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.