Colgate-Palmolive (NYSE:CL) Stock Position Increased by Diversified Trust Co

Diversified Trust Co grew its position in Colgate-Palmolive (NYSE:CL) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,360 shares of the company’s stock after purchasing an additional 2,125 shares during the period. Diversified Trust Co’s holdings in Colgate-Palmolive were worth $7,578,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Foundations Investment Advisors LLC bought a new stake in Colgate-Palmolive during the 2nd quarter valued at $225,000. Private Advisor Group LLC raised its stake in shares of Colgate-Palmolive by 2.7% during the second quarter. Private Advisor Group LLC now owns 65,409 shares of the company’s stock valued at $6,347,000 after purchasing an additional 1,690 shares in the last quarter. Savant Capital LLC lifted its holdings in Colgate-Palmolive by 11.8% in the second quarter. Savant Capital LLC now owns 38,587 shares of the company’s stock worth $3,744,000 after purchasing an additional 4,085 shares during the period. Advisor OS LLC grew its position in Colgate-Palmolive by 4.5% in the 2nd quarter. Advisor OS LLC now owns 2,348 shares of the company’s stock valued at $228,000 after buying an additional 101 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Colgate-Palmolive during the 2nd quarter valued at about $178,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Wall Street Analyst Weigh In

CL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Colgate-Palmolive from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Piper Sandler cut their target price on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday. StockNews.com upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st. TD Cowen cut their price objective on Colgate-Palmolive from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, Wells Fargo & Company decreased their target price on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Colgate-Palmolive has an average rating of “Moderate Buy” and an average target price of $104.16.

Insider Buying and Selling at Colgate-Palmolive

In other Colgate-Palmolive news, CFO Stanley J. Sutula III sold 45,410 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $94.11, for a total value of $4,273,535.10. Following the transaction, the chief financial officer now owns 36,726 shares in the company, valued at $3,456,283.86. The trade was a 55.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Colgate-Palmolive Stock Up 0.4 %

Colgate-Palmolive stock traded up $0.35 during mid-day trading on Tuesday, hitting $87.89. The company’s stock had a trading volume of 1,045,979 shares, compared to its average volume of 3,318,230. The company has a market cap of $71.81 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 3.31 and a beta of 0.44. Colgate-Palmolive has a 52-week low of $79.69 and a 52-week high of $109.30. The company has a debt-to-equity ratio of 9.46, a current ratio of 1.04 and a quick ratio of 0.68. The firm’s 50 day moving average is $93.18 and its 200 day moving average is $98.38.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.28%. Colgate-Palmolive’s dividend payout ratio is presently 57.31%.

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.