Anchor Capital Advisors LLC lessened its holdings in shares of Colgate-Palmolive (NYSE:CL) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,590 shares of the company’s stock after selling 842 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Colgate-Palmolive were worth $8,193,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of CL. Jacobi Capital Management LLC lifted its holdings in Colgate-Palmolive by 125.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 1,443 shares of the company’s stock worth $104,000 after buying an additional 803 shares during the last quarter. Krilogy Financial LLC lifted its holdings in Colgate-Palmolive by 23.0% during the 2nd quarter. Krilogy Financial LLC now owns 1,547 shares of the company’s stock worth $115,000 after buying an additional 289 shares during the last quarter. Captrust Financial Advisors bought a new position in Colgate-Palmolive during the 2nd quarter worth approximately $122,000. AlphaMark Advisors LLC lifted its holdings in Colgate-Palmolive by 1.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company’s stock worth $126,000 after buying an additional 25 shares during the last quarter. Finally, Bruderman Asset Management LLC bought a new position in Colgate-Palmolive during the 2nd quarter worth approximately $126,000. Hedge funds and other institutional investors own 72.85% of the company’s stock.
Shares of Colgate-Palmolive (CL) opened at $71.22 on Friday. The stock has a market capitalization of $61,133.69, a P/E ratio of 31.24, a P/E/G ratio of 2.58 and a beta of 0.75. Colgate-Palmolive has a 1-year low of $67.52 and a 1-year high of $77.91. The company has a debt-to-equity ratio of 24.42, a current ratio of 0.47 and a quick ratio of 0.34.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Tuesday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Monday, January 22nd. Colgate-Palmolive’s payout ratio is currently 70.18%.
A number of research analysts have commented on CL shares. Zacks Investment Research raised Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Monday, October 23rd. Deutsche Bank started coverage on Colgate-Palmolive in a report on Wednesday, December 13th. They set a “hold” rating and a $75.00 target price on the stock. Macquarie raised Colgate-Palmolive from a “neutral” rating to an “outperform” rating and set a $81.00 target price on the stock in a report on Tuesday, December 19th. Stifel Nicolaus set a $73.00 target price on Colgate-Palmolive and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, Societe Generale downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $66.00 target price on the stock. in a report on Wednesday, November 29th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $77.71.
In other Colgate-Palmolive news, COO Noel R. Wallace sold 126,304 shares of Colgate-Palmolive stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $73.78, for a total transaction of $9,318,709.12. Following the sale, the chief operating officer now owns 305,631 shares of the company’s stock, valued at approximately $22,549,455.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Daniels sold 7,375 shares of Colgate-Palmolive stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $73.18, for a total value of $539,702.50. Following the sale, the insider now directly owns 38,691 shares in the company, valued at approximately $2,831,407.38. The disclosure for this sale can be found here. Insiders have sold a total of 421,019 shares of company stock worth $30,031,097 in the last ninety days. 1.02% of the stock is owned by company insiders.
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Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.
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