UniSuper Management Pty Ltd Has $68.01 Million Holdings in Colgate-Palmolive Company $CL

UniSuper Management Pty Ltd lessened its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 16.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 850,735 shares of the company’s stock after selling 169,102 shares during the period. UniSuper Management Pty Ltd’s holdings in Colgate-Palmolive were worth $68,008,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Westside Investment Management Inc. boosted its holdings in Colgate-Palmolive by 85.5% during the second quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Colgate-Palmolive by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock valued at $30,000 after purchasing an additional 155 shares in the last quarter. MTM Investment Management LLC bought a new position in Colgate-Palmolive in the 2nd quarter valued at $39,000. Louisbourg Investments Inc. raised its holdings in Colgate-Palmolive by 94.7% during the 3rd quarter. Louisbourg Investments Inc. now owns 514 shares of the company’s stock worth $41,000 after purchasing an additional 250 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Colgate-Palmolive in the second quarter valued at approximately $44,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CL shares. Argus reissued a “hold” rating on shares of Colgate-Palmolive in a report on Thursday, December 11th. Evercore ISI cut their target price on Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company set a $86.00 price objective on shares of Colgate-Palmolive and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Jefferies Financial Group set a $85.00 target price on shares of Colgate-Palmolive in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Colgate-Palmolive from $88.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.44.

Colgate-Palmolive Trading Up 1.0%

Shares of CL opened at $86.67 on Friday. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.60 and a current ratio of 0.93. Colgate-Palmolive Company has a 52-week low of $74.54 and a 52-week high of $100.18. The firm has a market cap of $69.86 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 5.82 and a beta of 0.30. The business’s fifty day moving average is $80.07 and its 200-day moving average is $81.58.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. The business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.17 billion. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.Colgate-Palmolive’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Equities analysts anticipate that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 21st will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, January 21st. Colgate-Palmolive’s payout ratio is presently 58.26%.

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.