Nisa Investment Advisors LLC Increases Stock Holdings in Colgate-Palmolive Company $CL

Nisa Investment Advisors LLC boosted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 0.8% in the second quarter, HoldingsChannel.com reports. The fund owned 222,721 shares of the company’s stock after purchasing an additional 1,670 shares during the period. Nisa Investment Advisors LLC’s holdings in Colgate-Palmolive were worth $20,245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CL. Cornerstone Planning Group LLC boosted its holdings in Colgate-Palmolive by 1,913.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock valued at $28,000 after acquiring an additional 287 shares during the period. Saudi Central Bank purchased a new position in shares of Colgate-Palmolive in the 1st quarter valued at about $29,000. Ransom Advisory Ltd purchased a new position in shares of Colgate-Palmolive in the 1st quarter valued at about $33,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Colgate-Palmolive in the 1st quarter valued at about $37,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of Colgate-Palmolive in the 1st quarter valued at about $37,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CL shares. Barclays decreased their price objective on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. UBS Group decreased their price objective on Colgate-Palmolive from $99.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Raymond James Financial decreased their price objective on Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft set a $86.00 target price on Colgate-Palmolive in a research report on Friday, October 10th. Finally, Piper Sandler began coverage on Colgate-Palmolive in a research report on Friday, October 3rd. They set a “neutral” rating and a $84.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.50.

Colgate-Palmolive Trading Down 0.6%

CL opened at $78.01 on Monday. The firm has a market cap of $63.05 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 4.58 and a beta of 0.34. Colgate-Palmolive Company has a 52 week low of $76.68 and a 52 week high of $100.18. The business’s 50 day moving average is $81.33 and its two-hundred day moving average is $86.90. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 6.79.

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

Colgate-Palmolive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.08 annualized dividend and a yield of 2.7%. Colgate-Palmolive’s payout ratio 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.