Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 15,200 Shares of Colgate-Palmolive Company $CL

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Colgate-Palmolive Company (NYSE:CL) by 4.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 345,724 shares of the company’s stock after purchasing an additional 15,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Colgate-Palmolive were worth $27,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. WINTON GROUP Ltd purchased a new stake in shares of Colgate-Palmolive during the fourth quarter worth about $14,018,000. Deseret Mutual Benefit Administrators grew its position in shares of Colgate-Palmolive by 5.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 5,028 shares of the company’s stock worth $397,000 after purchasing an additional 277 shares in the last quarter. Argent Advisors Inc. purchased a new stake in shares of Colgate-Palmolive during the fourth quarter worth about $212,000. Vise Technologies Inc. grew its position in shares of Colgate-Palmolive by 67.9% during the fourth quarter. Vise Technologies Inc. now owns 44,670 shares of the company’s stock worth $3,530,000 after purchasing an additional 18,065 shares in the last quarter. Finally, TD Asset Management Inc grew its position in shares of Colgate-Palmolive by 9.1% during the fourth quarter. TD Asset Management Inc now owns 3,176,651 shares of the company’s stock worth $251,019,000 after purchasing an additional 265,643 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $99.00 target price on shares of Colgate-Palmolive in a research report on Monday, May 4th. Piper Sandler cut their target price on Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Bank of America cut their target price 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. Weiss Ratings upgraded Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, UBS Group increased their target price on Colgate-Palmolive from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.88.

Colgate-Palmolive Stock Performance

NYSE CL opened at $88.61 on Friday. The stock has a market capitalization of $70.91 billion, a PE ratio of 34.48, a P/E/G ratio of 4.42 and a beta of 0.33. The business has a 50 day simple moving average of $86.49 and a two-hundred day simple moving average of $85.93. The company has a debt-to-equity ratio of 16.33, a current ratio of 1.02 and a quick ratio of 0.67. Colgate-Palmolive Company has a 1-year low of $74.54 and a 1-year high of $99.33.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. On average, research analysts predict that Colgate-Palmolive Company will post 3.82 EPS for the current fiscal year.

Colgate-Palmolive Increases Dividend

The company also recently declared 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. The ex-dividend date was Monday, April 20th. This represents a $2.12 annualized dividend and a yield of 2.4%. This is a boost from Colgate-Palmolive’s previous quarterly dividend of $0.52. Colgate-Palmolive’s dividend payout ratio (DPR) is 82.49%.

About Colgate-Palmolive

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.