Universal Beteiligungs und Servicegesellschaft mbH Sells 58,284 Shares of Colgate-Palmolive Company $CL

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Colgate-Palmolive Company (NYSE:CL) by 7.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 719,020 shares of the company’s stock after selling 58,284 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Colgate-Palmolive worth $57,478,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Westside Investment Management Inc. increased its stake in Colgate-Palmolive by 85.5% in the 2nd quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock valued at $26,000 after buying an additional 130 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Colgate-Palmolive by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock valued at $30,000 after acquiring an additional 155 shares in the last quarter. MTM Investment Management LLC bought a new position in shares of Colgate-Palmolive in the 2nd quarter valued at about $39,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Colgate-Palmolive in the second quarter valued at about $44,000. Finally, Louisbourg Investments Inc. raised its holdings in Colgate-Palmolive by 94.7% during the third quarter. Louisbourg Investments Inc. now owns 514 shares of the company’s stock worth $41,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CL. Raymond James Financial lowered their price target on Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Evercore ISI decreased their target price on shares of Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Citigroup dropped their price target on shares of Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. TD Cowen decreased their price objective on shares of Colgate-Palmolive from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Jefferies Financial Group set a $85.00 price objective on shares of Colgate-Palmolive in a research note on Tuesday, December 16th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.44.

Colgate-Palmolive Trading Down 0.8%

Shares of Colgate-Palmolive stock opened at $84.72 on Thursday. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60. The business has a fifty day simple moving average of $79.75 and a two-hundred day simple moving average of $81.60. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $100.18. The company has a market capitalization of $68.29 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 5.79 and a beta of 0.30.

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

Colgate-Palmolive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 21st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, January 21st. Colgate-Palmolive’s dividend payout ratio is currently 58.26%.

Colgate-Palmolive 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.