Global X Japan Co. Ltd. Increases Stock Holdings in Colgate-Palmolive (NYSE:CL)

Global X Japan Co. Ltd. increased its stake in Colgate-Palmolive (NYSE:CL) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,216 shares of the company’s stock after buying an additional 849 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Colgate-Palmolive were worth $474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Colgate-Palmolive by 22.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 118,437 shares of the company’s stock worth $10,767,000 after purchasing an additional 21,441 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Colgate-Palmolive by 2.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,028,600 shares of the company’s stock valued at $184,420,000 after buying an additional 38,824 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Colgate-Palmolive in the fourth quarter worth approximately $15,269,000. Leo Wealth LLC lifted its stake in shares of Colgate-Palmolive by 158.2% during the 4th quarter. Leo Wealth LLC now owns 13,458 shares of the company’s stock worth $1,223,000 after acquiring an additional 8,246 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Colgate-Palmolive by 11.1% during the 4th quarter. State of Alaska Department of Revenue now owns 123,157 shares of the company’s stock valued at $11,195,000 after acquiring an additional 12,273 shares during the period. 80.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CL shares. Piper Sandler cut their price target on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective on Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating on the stock in a report on Monday. Morgan Stanley lowered their target price on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank of Canada restated a “sector perform” rating and issued a $101.00 price objective on shares of Colgate-Palmolive in a report on Wednesday, January 29th. Finally, Barclays cut their target price on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.16.

Colgate-Palmolive Stock Performance

Shares of CL stock opened at $85.60 on Friday. Colgate-Palmolive has a 1 year low of $82.68 and a 1 year high of $109.30. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.26 and a current ratio of 0.41. The firm has a market cap of $69.94 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.61 and a beta of 0.44. The stock’s 50-day moving average is $90.78 and its two-hundred day moving average is $96.92.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same period in the previous year, the company earned $0.87 earnings per share. Analysts predict that Colgate-Palmolive will post 3.74 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.34%. Colgate-Palmolive’s payout ratio is 56.82%.

Colgate-Palmolive Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.