Oak Thistle LLC Acquires 10,861 Shares of Colgate-Palmolive (NYSE:CL)

Oak Thistle LLC boosted its holdings in Colgate-Palmolive (NYSE:CL - Free Report) by 169.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,284 shares of the company's stock after acquiring an additional 10,861 shares during the quarter. Oak Thistle LLC's holdings in Colgate-Palmolive were worth $1,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Reston Wealth Management LLC bought a new stake in Colgate-Palmolive during the third quarter worth about $42,000. Capital Performance Advisors LLP acquired a new stake in Colgate-Palmolive during the 3rd quarter valued at $53,000. Prospera Private Wealth LLC bought a new position in Colgate-Palmolive in the 3rd quarter valued at $64,000. True Wealth Design LLC raised its position in 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 purchasing an additional 672 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in Colgate-Palmolive by 93.4% in the third quarter. Continuum Advisory LLC now owns 762 shares of the company's stock worth $79,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 80.41% of the company's stock.

Colgate-Palmolive Stock Up 0.3 %

Shares of Colgate-Palmolive stock traded up $0.23 on Wednesday, hitting $87.90. The company had a trading volume of 5,125,300 shares, compared to its average volume of 5,203,934. The stock has a 50-day moving average of $92.36 and a 200-day moving average of $97.92. The company has a debt-to-equity ratio of 9.46, a current ratio of 1.04 and a quick ratio of 0.68. Colgate-Palmolive has a twelve month low of $79.69 and a twelve month high of $109.30. The firm has a market capitalization of $71.82 billion, a P/E ratio of 25.19, a P/E/G ratio of 3.31 and a beta of 0.44.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.28%. Colgate-Palmolive's dividend payout ratio is currently 57.31%.

Analyst Ratings Changes

Several research firms have issued reports on CL. Wells Fargo & Company reduced their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating on the stock in a report on Tuesday, January 7th. StockNews.com lowered Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Piper Sandler lowered their price objective on Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Stifel Nicolaus downgraded shares of Colgate-Palmolive from a "buy" rating to a "hold" rating and cut their target price for the company from $105.00 to $101.00 in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Colgate-Palmolive from $113.00 to $114.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Colgate-Palmolive currently has an average rating of "Hold" and a consensus price target of $103.63.

Insider Buying and Selling

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the firm'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 completion of the transaction, the chief financial officer now owns 36,726 shares in the company, valued at $3,456,283.86. This trade represents a 55.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by corporate insiders.

About Colgate-Palmolive

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.