Thrivent Financial for Lutherans Buys 6,493 Shares of Colgate-Palmolive Company $CL

Thrivent Financial for Lutherans boosted its stake in Colgate-Palmolive Company (NYSE:CL) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,476 shares of the company’s stock after buying an additional 6,493 shares during the period. Thrivent Financial for Lutherans’ holdings in Colgate-Palmolive were worth $13,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. grew its stake in Colgate-Palmolive by 85.5% in the second quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares during the period. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Colgate-Palmolive by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock valued at $30,000 after buying an additional 155 shares in the last quarter. Copia Wealth Management purchased a new stake in shares of Colgate-Palmolive in the 3rd quarter worth about $29,000. Cloud Capital Management LLC bought a new position in shares of Colgate-Palmolive in the 3rd quarter worth about $30,000. Finally, MTM Investment Management LLC purchased a new position in Colgate-Palmolive during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

CL has been the subject of a number of analyst reports. Royal Bank Of Canada raised shares of Colgate-Palmolive from a “sector perform” rating to an “outperform” rating and set a $88.00 target price for the company in a research note on Tuesday, December 9th. Bank of America lifted their price objective on Colgate-Palmolive from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group reissued a “buy” rating and issued a $94.00 target price on shares of Colgate-Palmolive in a research note on Saturday, January 31st. Morgan Stanley raised their price target on Colgate-Palmolive from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Colgate-Palmolive in a research note on Wednesday, January 21st. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Colgate-Palmolive currently has an average rating of “Moderate Buy” and a consensus target price of $94.47.

Colgate-Palmolive Price Performance

NYSE CL opened at $94.29 on Thursday. Colgate-Palmolive Company has a one year low of $74.54 and a one year high of $100.18. The stock has a 50-day moving average of $81.56 and a 200 day moving average of $81.50. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.27 and a current ratio of 0.42. The company has a market capitalization of $76.00 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 4.22 and a beta of 0.29.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Colgate-Palmolive had a net margin of 10.45% and a return on equity of 353.72%. The firm had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter last year, the firm posted $0.91 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Colgate-Palmolive Company will post 3.75 EPS for the current 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. The ex-dividend date is Wednesday, January 21st. This represents a $2.08 dividend on an annualized basis and a yield of 2.2%. Colgate-Palmolive’s payout ratio is currently 79.39%.

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.