Danica Pension Livsforsikringsaktieselskab Trims Holdings in Colgate-Palmolive Company $CL

Danica Pension Livsforsikringsaktieselskab lowered its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 4.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 408,515 shares of the company’s stock after selling 17,212 shares during the period. Danica Pension Livsforsikringsaktieselskab owned approximately 0.05% of Colgate-Palmolive worth $34,818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CL. ABN Amro Investment Solutions grew its stake in shares of Colgate-Palmolive by 7.9% in the first quarter. ABN Amro Investment Solutions now owns 140,942 shares of the company’s stock valued at $12,012,000 after buying an additional 10,264 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Colgate-Palmolive by 1.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 899,670 shares of the company’s stock valued at $76,679,000 after acquiring an additional 9,279 shares in the last quarter. HORAN Wealth LLC lifted its position in shares of Colgate-Palmolive by 108.7% during the first quarter. HORAN Wealth LLC now owns 9,308 shares of the company’s stock worth $742,000 after purchasing an additional 4,849 shares in the last quarter. DJE Kapital AG boosted its stake in shares of Colgate-Palmolive by 821.6% in the first quarter. DJE Kapital AG now owns 616,276 shares of the company’s stock valued at $52,339,000 after purchasing an additional 549,405 shares during the period. Finally, Glenview Trust Co grew its holdings in shares of Colgate-Palmolive by 4.1% in the first quarter. Glenview Trust Co now owns 7,064 shares of the company’s stock valued at $602,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CL. Weiss Ratings upgraded shares of Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Rothschild & Co Redburn set a $100.00 price objective on Colgate-Palmolive and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley reiterated an “overweight” rating on shares of Colgate-Palmolive in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $99.00 target price on shares of Colgate-Palmolive in a research note on Monday, May 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Colgate-Palmolive in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Colgate-Palmolive has a consensus rating of “Moderate Buy” and a consensus price target of $97.82.

Colgate-Palmolive Price Performance

CL stock opened at $90.48 on Wednesday. The business has a 50 day moving average price of $90.62 and a 200 day moving average price of $88.77. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33. The stock has a market cap of $72.40 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 4.84 and a beta of 0.33. Colgate-Palmolive Company has a fifty-two week low of $74.54 and a fifty-two week high of $99.33.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Colgate-Palmolive Company will post 3.81 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, July 20th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.3%. The ex-dividend date 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.