Vanguard Personalized Indexing Management LLC Buys 20,013 Shares of Colgate-Palmolive Company $CL

Vanguard Personalized Indexing Management LLC raised its stake in Colgate-Palmolive Company (NYSE:CL) by 22.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 111,164 shares of the company’s stock after acquiring an additional 20,013 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Colgate-Palmolive were worth $8,784,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Panagora Asset Management Inc. grew its position in shares of Colgate-Palmolive by 51.7% in the 4th quarter. Panagora Asset Management Inc. now owns 336,831 shares of the company’s stock valued at $26,616,000 after buying an additional 114,789 shares during the last quarter. Resources Management Corp CT ADV grew its position in shares of Colgate-Palmolive by 209.1% in the 4th quarter. Resources Management Corp CT ADV now owns 8,606 shares of the company’s stock valued at $680,000 after buying an additional 5,822 shares during the last quarter. Sargent Investment Group LLC acquired a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $250,000. MML Investors Services LLC lifted its stake in shares of Colgate-Palmolive by 4.0% in the 4th quarter. MML Investors Services LLC now owns 36,097 shares of the company’s stock valued at $2,852,000 after purchasing an additional 1,377 shares during the period. Finally, Motiv8 Investments LLC acquired a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $27,000. Institutional investors own 80.41% of the company’s stock.

Colgate-Palmolive Stock Up 1.3%

CL stock opened at $90.59 on Tuesday. The stock’s 50 day simple moving average is $86.96 and its 200 day simple moving average is $86.38. Colgate-Palmolive Company has a fifty-two week low of $74.54 and a fifty-two week high of $99.33. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.67 and a current ratio of 1.02. The company has a market cap of $72.49 billion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 4.72 and a beta of 0.33.

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

Colgate-Palmolive Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, July 20th. Colgate-Palmolive’s dividend payout ratio is 82.49%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $99.00 price objective on shares of Colgate-Palmolive in a research note on Monday, May 4th. TD Cowen reissued a “hold” rating and issued a $85.00 price objective on shares of Colgate-Palmolive in a research note on Tuesday, March 31st. Sanford C. Bernstein assumed coverage on Colgate-Palmolive in a research note on Thursday. They issued a “market perform” rating and a $96.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Colgate-Palmolive from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company dropped their price objective on Colgate-Palmolive from $100.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.88.

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.