BlackRock Amends Colgate-Palmolive Stake, Signals Continued Confidence
Ticker: CL · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, consumer-staples
TL;DR
**BlackRock still owns a big chunk of Colgate-Palmolive, signaling institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Colgate-Palmolive Co. common stock as of December 31, 2023. This filing, Amendment No. 10, updates their previous disclosures, showing their continued significant, passive stake in the consumer goods giant. This matters to investors because BlackRock is a major institutional investor, and their continued holding signals confidence in Colgate-Palmolive's long-term prospects, potentially influencing other investors.
Why It Matters
This filing confirms BlackRock, a major institutional investor, maintains a significant stake in Colgate-Palmolive, which can be seen as a vote of confidence in the company's stability and future performance.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
A smart investor would view BlackRock's continued passive stake as a sign of stability for Colgate-Palmolive, but should still conduct their own due diligence on the company's fundamentals rather than solely relying on institutional holdings.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- COLGATE PALMOLIVE CO (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 10 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Colgate-Palmolive Co. throughout 2024. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934, specifically Amendment No. 10, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as explicitly stated under '(1)Names of reporting persons. BlackRock, Inc.' on the cover page.
What is the name of the issuer whose securities are being reported?
The name of the issuer is COLGATE PALMOLIVE CO, as indicated under '(Name of Issuer)' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Colgate-Palmolive Co. is 194162103, as listed under '(CUSIP Number)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement)'.
From the Filing
EDGAR Filing Documents for 0001086364-24-004864 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-004864 Filing Date 2024-01-26 Accepted 2024-01-26 17:26:51 Documents 1 Document Format Files Seq Description Document Type Size 1 us1941621039_012624.txt SC 13G/A 11993 Complete submission text file 0001086364-24-004864.txt 13799 Mailing Address 300 PARK AVE NEW YORK NY 10022 Business Address 300 PARK AVE NEW YORK NY 10022 2123102000 COLGATE PALMOLIVE CO (Subject) CIK : 0000021665 (see all company filings) EIN. : 131815595 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-19152 | Film No.: 24569256 SIC : 2844 Perfumes, Cosmetics & Other Toilet Preparations (CF Office: 08 Industrial Applications and Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)