Chevy Chase Trust Holdings LLC Has $39.65 Million Stock Position in Colgate-Palmolive (NYSE:CL)

Chevy Chase Trust Holdings LLC lessened its position in Colgate-Palmolive (NYSE:CL - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436,174 shares of the company's stock after selling 9,396 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Colgate-Palmolive worth $39,653,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC grew its stake in shares of Colgate-Palmolive by 16.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 6,752 shares of the company's stock worth $591,000 after purchasing an additional 943 shares in the last quarter. Peak Financial Advisors LLC bought a new stake in Colgate-Palmolive during the fourth quarter worth approximately $1,315,000. Gordian Advisors LLC acquired a new stake in Colgate-Palmolive in the third quarter worth approximately $602,000. Carrera Capital Advisors lifted its holdings in shares of Colgate-Palmolive by 23.1% in the third quarter. Carrera Capital Advisors now owns 39,170 shares of the company's stock valued at $4,066,000 after buying an additional 7,353 shares during the period. Finally, Fiduciary Alliance LLC bought a new position in Colgate-Palmolive during the fourth quarter valued at about $4,066,000. 80.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CL shares. Barclays decreased their price target on shares of Colgate-Palmolive from $96.00 to $83.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus reduced their target price on Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating for the company in a report on Monday, February 3rd. Raymond James reiterated an "outperform" rating and issued a $105.00 price target (down previously from $110.00) on shares of Colgate-Palmolive in a research report on Monday, February 3rd. Morgan Stanley cut their price objective on Colgate-Palmolive from $111.00 to $104.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, Piper Sandler reduced their price target on shares of Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $101.16.

Colgate-Palmolive Price Performance

CL traded up $0.37 during trading on Tuesday, hitting $86.41. The company's stock had a trading volume of 3,704,862 shares, compared to its average volume of 4,907,641. The firm's 50 day moving average price is $89.39 and its two-hundred day moving average price is $96.22. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 9.46. The stock has a market capitalization of $70.60 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 4.12 and a beta of 0.44. Colgate-Palmolive has a 12 month low of $83.70 and a 12 month high of $109.30.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same period in the previous year, the business earned $0.87 earnings per share. Sell-side analysts forecast that Colgate-Palmolive will post 3.73 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, January 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Tuesday, January 21st. Colgate-Palmolive's dividend payout ratio is currently 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.