Northern Oak Wealth Management Inc. trimmed its position in Colgate-Palmolive (NYSE:CL) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,357 shares of the company’s stock after selling 200 shares during the quarter. Northern Oak Wealth Management Inc.’s holdings in Colgate-Palmolive were worth $378,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Timber Creek Capital Management LLC lifted its position in shares of Colgate-Palmolive by 247.1% during the 4th quarter. Timber Creek Capital Management LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 336 shares during the last quarter. Parisi Gray Wealth Management lifted its position in shares of Colgate-Palmolive by 365.3% during the 4th quarter. Parisi Gray Wealth Management now owns 470 shares of the company’s stock valued at $28,000 after acquiring an additional 369 shares during the last quarter. Portfolio Solutions LLC acquired a new stake in shares of Colgate-Palmolive during the 4th quarter valued at $30,000. Lindbrook Capital LLC acquired a new stake in shares of Colgate-Palmolive during the 4th quarter valued at $36,000. Finally, ERTS Wealth Advisors LLC acquired a new stake in shares of Colgate-Palmolive during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 75.39% of the company’s stock.
NYSE CL opened at $66.29 on Tuesday. Colgate-Palmolive has a 1-year low of $57.41 and a 1-year high of $72.61. The company has a debt-to-equity ratio of 32.25, a quick ratio of 0.76 and a current ratio of 1.14. The firm has a market capitalization of $57.90 billion, a PE ratio of 22.32, a P/E/G ratio of 4.35 and a beta of 0.78.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a $0.43 dividend. The ex-dividend date is Wednesday, April 17th. This is an increase from Colgate-Palmolive’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.59%. Colgate-Palmolive’s dividend payout ratio is 56.57%.
A number of brokerages have recently commented on CL. Morgan Stanley set a $62.00 price objective on Colgate-Palmolive and gave the company a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research upgraded Colgate-Palmolive from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Credit Suisse Group started coverage on Colgate-Palmolive in a report on Wednesday, March 6th. They issued an “underperform” rating for the company. Macquarie set a $57.00 target price on Colgate-Palmolive and gave the company a “hold” rating in a report on Tuesday, January 29th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $57.00 target price on shares of Colgate-Palmolive in a report on Thursday, January 31st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.13.
In other Colgate-Palmolive news, Vice Chairman Dennis J. Hickey sold 6,060 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $66.37, for a total transaction of $402,202.20. Following the transaction, the insider now directly owns 407,294 shares of the company’s stock, valued at $27,032,102.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ian M. Cook sold 22,634 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $66.31, for a total transaction of $1,500,860.54. Following the transaction, the chief executive officer now directly owns 1,162,793 shares in the company, valued at $77,104,803.83. The disclosure for this sale can be found here. Insiders sold 51,700 shares of company stock worth $3,419,284 over the last ninety days. 1.02% of the stock is currently owned by company insiders.
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. It operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. The company offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; personal care products comprising bar and liquid hand soaps, shower gels, shampoos, conditioners, and deodorants and antiperspirants; and home care products, such as laundry and dishwashing detergents, fabric conditioners, household cleaners, and other related products.
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