Railway Pension Investments Ltd Has $14.14 Million Stock Holdings in Colgate-Palmolive Company $CL

by · The Cerbat Gem

Railway Pension Investments Ltd cut its position in Colgate-Palmolive Company (NYSE:CL – Free Report) by 77.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,909 shares of the company’s stock after selling 613,700 shares during the quarter. Railway Pension Investments Ltd’s holdings in Colgate-Palmolive were worth $14,137,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. MUFG Securities EMEA plc grew its stake in shares of Colgate-Palmolive by 113.6% in the 4th quarter. MUFG Securities EMEA plc now owns 33,045 shares of the company’s stock valued at $2,611,000 after buying an additional 17,575 shares during the period. Texas Yale Capital Corp. grew its stake in shares of Colgate-Palmolive by 4.8% in the 4th quarter. Texas Yale Capital Corp. now owns 30,514 shares of the company’s stock valued at $2,411,000 after buying an additional 1,410 shares during the period. DT Investment Partners LLC grew its stake in shares of Colgate-Palmolive by 19.9% in the 4th quarter. DT Investment Partners LLC now owns 1,725 shares of the company’s stock valued at $136,000 after buying an additional 286 shares during the period. Forsta AP Fonden grew its stake in shares of Colgate-Palmolive by 0.6% in the 4th quarter. Forsta AP Fonden now owns 348,200 shares of the company’s stock valued at $27,515,000 after buying an additional 2,100 shares during the period. Finally, Norges Bank acquired a new position in Colgate-Palmolive during the 4th quarter valued at about $861,670,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CL has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Colgate-Palmolive in a research note on Friday, May 1st. Barclays lifted their price target on Colgate-Palmolive from $79.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $99.00 price target on shares of Colgate-Palmolive in a research note on Monday, May 4th. Rothschild & Co Redburn set a $100.00 price target on Colgate-Palmolive and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $102.00 price target on shares of Colgate-Palmolive in a research note on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.88.

Check Out Our Latest Research Report on CL

Colgate-Palmolive Price Performance

Shares of NYSE CL opened at $90.26 on Friday. Colgate-Palmolive Company has a twelve month low of $74.54 and a twelve month high of $99.33. The stock’s 50 day moving average price is $86.29 and its 200-day moving average price is $85.64. The company has a market capitalization of $72.22 billion, a PE ratio of 35.12, a PEG ratio of 4.68 and a beta of 0.31. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33.

Colgate-Palmolive (NYSE:CL – Get Free Report) last announced its 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 firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that Colgate-Palmolive Company will post 3.82 EPS for the current year.

Colgate-Palmolive Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, April 20th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, April 20th. This is a boost from Colgate-Palmolive’s previous quarterly dividend of $0.52. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 82.49%.

Colgate-Palmolive Profile

(Free Report)

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.

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