Swedbank AB Lowers Holdings in Colgate-Palmolive (NYSE:CL)

Swedbank AB lowered its stake in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,858,265 shares of the company's stock after selling 91,794 shares during the period. Swedbank AB owned 0.35% of Colgate-Palmolive worth $259,845,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Union Bancaire Privee UBP SA purchased a new position in Colgate-Palmolive in the 4th quarter worth approximately $32,000. Reston Wealth Management LLC purchased a new stake in shares of Colgate-Palmolive during the third quarter worth $42,000. Capital Performance Advisors LLP purchased a new position in shares of Colgate-Palmolive in the 3rd quarter valued at about $53,000. Prospera Private Wealth LLC purchased a new stake in Colgate-Palmolive during the 3rd quarter worth about $64,000. Finally, True Wealth Design LLC grew its position in shares of Colgate-Palmolive by 1,460.9% in the 3rd quarter. True Wealth Design LLC now owns 718 shares of the company's stock valued at $75,000 after buying an additional 672 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company's stock.

Colgate-Palmolive Stock Performance

NYSE:CL traded down $0.21 during mid-day trading on Wednesday, reaching $89.65. 3,225,882 shares of the company's stock were exchanged, compared to its average volume of 5,052,277. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.68 and a current ratio of 1.04. The firm has a market capitalization of $73.24 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.59 and a beta of 0.44. The business's fifty day simple moving average is $91.67 and its two-hundred day simple moving average is $97.34. Colgate-Palmolive has a one year low of $82.68 and a one year high of $109.30.

Colgate-Palmolive Announces Dividend

The business also recently declared 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. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, January 21st. Colgate-Palmolive's dividend payout ratio (DPR) is currently 57.31%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CL. JPMorgan Chase & Co. reduced their price target on Colgate-Palmolive from $109.00 to $103.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. UBS Group cut their target price on shares of Colgate-Palmolive from $112.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. TD Cowen dropped their target price on Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $101.42.

Insider Buying and Selling at Colgate-Palmolive

In related news, CFO Stanley J. Sutula III sold 45,410 shares of Colgate-Palmolive stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $94.11, for a total value of $4,273,535.10. Following the completion of the transaction, the chief financial officer now directly owns 36,726 shares in the company, valued at approximately $3,456,283.86. The trade was a 55.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

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.