Confluence Investment Management LLC Has $121.91 Million Stock Position in Colgate-Palmolive (NYSE:CL)

Confluence Investment Management LLC decreased its holdings in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,340,946 shares of the company's stock after selling 11,928 shares during the quarter. Colgate-Palmolive makes up 1.7% of Confluence Investment Management LLC's holdings, making the stock its 19th biggest position. Confluence Investment Management LLC owned about 0.16% of Colgate-Palmolive worth $121,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CL. Advisor OS LLC boosted its stake 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 purchasing an additional 101 shares during the period. D Orazio & Associates Inc. boosted its position in shares of Colgate-Palmolive by 3.9% in the third quarter. D Orazio & Associates Inc. now owns 2,862 shares of the company's stock valued at $297,000 after acquiring an additional 108 shares during the period. Fiducient Advisors LLC grew its stake in shares of Colgate-Palmolive by 5.2% in the third quarter. Fiducient Advisors LLC now owns 2,231 shares of the company's stock valued at $232,000 after acquiring an additional 110 shares in the last quarter. Wealthspire Advisors LLC increased its position in Colgate-Palmolive by 3.0% during the second quarter. Wealthspire Advisors LLC now owns 3,853 shares of the company's stock worth $374,000 after acquiring an additional 111 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Colgate-Palmolive by 0.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,392 shares of the company's stock worth $2,117,000 after purchasing an additional 113 shares in the last quarter. 80.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CL. StockNews.com raised shares of Colgate-Palmolive from a "hold" rating to a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Colgate-Palmolive from $113.00 to $114.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered Colgate-Palmolive from a "buy" rating to a "hold" rating and increased their target price for the stock from $107.00 to $109.00 in a report on Monday, September 9th. Piper Sandler assumed coverage on Colgate-Palmolive in a research note on Tuesday, September 24th. They issued an "overweight" rating and a $121.00 price target for the company. Finally, TD Cowen reduced their price objective on shares of Colgate-Palmolive from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.11.

Insiders Place Their Bets

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $94.11, for a total transaction of $4,273,535.10. Following the completion of the sale, the chief financial officer now directly owns 36,726 shares in the company, valued at $3,456,283.86. This represents a 55.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.34% of the company's stock.

Colgate-Palmolive Trading Down 0.4 %

Shares of Colgate-Palmolive stock traded down $0.36 on Thursday, hitting $90.55. The stock had a trading volume of 3,185,641 shares, compared to its average volume of 4,373,890. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.68 and a current ratio of 1.04. Colgate-Palmolive has a twelve month low of $79.52 and a twelve month high of $109.30. The stock has a 50 day moving average of $93.46 and a 200 day moving average of $98.46. The firm has a market capitalization of $73.98 billion, a P/E ratio of 25.95, a PEG ratio of 3.31 and a beta of 0.43.

Colgate-Palmolive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.21%. The ex-dividend date is Tuesday, January 21st. Colgate-Palmolive's dividend payout ratio is currently 57.31%.

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.