Kentucky Retirement Systems Insurance Trust Fund Raises Stock Position in Colgate-Palmolive (NYSE:CL)

Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 28.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,126 shares of the company's stock after acquiring an additional 6,934 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Colgate-Palmolive were worth $2,830,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CL. Creative Planning boosted its position in shares of Colgate-Palmolive by 2.0% during the 3rd quarter. Creative Planning now owns 218,018 shares of the company's stock worth $22,632,000 after purchasing an additional 4,372 shares in the last quarter. Swedbank AB lifted its position in Colgate-Palmolive by 1.4% in the 3rd quarter. Swedbank AB now owns 2,950,059 shares of the company's stock valued at $306,246,000 after acquiring an additional 40,324 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Colgate-Palmolive by 16.5% during the 3rd quarter. Global Retirement Partners LLC now owns 7,466 shares of the company's stock valued at $775,000 after purchasing an additional 1,056 shares during the last quarter. Blue Trust Inc. increased its holdings in Colgate-Palmolive by 314.4% during the 3rd quarter. Blue Trust Inc. now owns 5,263 shares of the company's stock worth $511,000 after purchasing an additional 3,993 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in shares of Colgate-Palmolive by 4.3% in the third quarter. Capital Investment Advisors LLC now owns 9,396 shares of the company's stock worth $975,000 after purchasing an additional 384 shares during the last quarter. Institutional investors and hedge funds own 80.41% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CL. Barclays lowered their target price on shares of Colgate-Palmolive from $96.00 to $83.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on shares of Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating for the company in a research note on Tuesday, January 7th. Piper Sandler cut their target price on Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Morgan Stanley decreased their price target on Colgate-Palmolive from $111.00 to $104.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, TD Cowen reduced their price objective on Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Colgate-Palmolive currently has an average rating of "Hold" and a consensus price target of $101.16.

Colgate-Palmolive Price Performance

Shares of NYSE:CL traded up $1.69 during trading on Friday, reaching $89.56. The company had a trading volume of 4,747,229 shares, compared to its average volume of 4,884,892. The stock has a market capitalization of $72.68 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 4.18 and a beta of 0.44. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 13.40. Colgate-Palmolive has a 12 month low of $84.45 and a 12 month high of $109.30. The company has a fifty day moving average of $88.94 and a two-hundred day moving average of $95.91.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. During the same quarter last year, the company posted $0.87 EPS. Equities research analysts forecast that Colgate-Palmolive will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Tuesday, January 21st. Colgate-Palmolive's dividend payout ratio (DPR) is presently 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.