Colgate-Palmolive (NYSE:CL) Short Interest Update

Colgate-Palmolive (NYSE:CL) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 9,560,000 shares, a decline of 5.2% from the January 15th total of 10,080,000 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 4,750,000 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of Colgate-Palmolive by 2.0% in the 3rd quarter. Creative Planning now owns 218,018 shares of the company’s stock worth $22,632,000 after buying an additional 4,372 shares during the last quarter. Swedbank AB raised its stake in shares of Colgate-Palmolive by 1.4% during the 3rd quarter. Swedbank AB now owns 2,950,059 shares of the company’s stock valued at $306,246,000 after purchasing an additional 40,324 shares during the period. Global Retirement Partners LLC increased its position in shares of Colgate-Palmolive by 16.5% during the third quarter. Global Retirement Partners LLC now owns 7,466 shares of the company’s stock valued at $775,000 after buying an additional 1,056 shares during the period. Blue Trust Inc. lifted its stake in Colgate-Palmolive by 314.4% in 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 position 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 buying an additional 384 shares in the last quarter. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. TD Cowen cut their price objective on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. 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 research note on Monday, January 6th. UBS Group lowered their price objective on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Stifel Nicolaus cut their price objective on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $101.00 target price on shares of Colgate-Palmolive in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Colgate-Palmolive presently has an average rating of “Hold” and a consensus target price of $101.16.

Colgate-Palmolive Stock Down 1.9 %

Shares of Colgate-Palmolive stock opened at $86.10 on Tuesday. Colgate-Palmolive has a one year low of $83.20 and a one year high of $109.30. The company has a debt-to-equity ratio of 9.46, a current ratio of 0.41 and a quick ratio of 0.26. The stock’s 50-day moving average is $89.53 and its 200 day moving average is $96.33. The firm has a market cap of $70.34 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 4.12 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business earned $0.87 earnings per share. Equities research analysts anticipate that Colgate-Palmolive will post 3.73 EPS for the current year.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.32%. Colgate-Palmolive’s payout ratio is 56.82%.

Colgate-Palmolive Company 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.