Curbstone Financial Management Corp Has $1.55 Million Stake in Colgate-Palmolive (NYSE:CL)

Curbstone Financial Management Corp boosted its stake in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,990 shares of the company's stock after purchasing an additional 3,200 shares during the quarter. Curbstone Financial Management Corp's holdings in Colgate-Palmolive were worth $1,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peak Financial Advisors LLC acquired a new position in Colgate-Palmolive in the fourth quarter worth about $1,315,000. Gordian Advisors LLC acquired a new stake in Colgate-Palmolive in the 3rd quarter valued at $602,000. Carrera Capital Advisors grew its position in 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 acquiring an additional 7,353 shares during the period. Fiduciary Alliance LLC acquired a new position in Colgate-Palmolive during the fourth quarter worth $4,066,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Colgate-Palmolive by 224.6% during the third quarter. Vontobel Holding Ltd. now owns 795,938 shares of the company's stock valued at $82,626,000 after acquiring an additional 550,750 shares during the period. Institutional investors own 80.41% of the company's stock.

Colgate-Palmolive Trading Down 1.4 %

NYSE:CL traded down $1.29 during mid-day trading on Tuesday, hitting $89.92. The company had a trading volume of 4,790,700 shares, compared to its average volume of 5,159,703. 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 fifty-two week low of $82.68 and a fifty-two week high of $109.30. The firm has a market cap of $73.47 billion, a P/E ratio of 25.77, a P/E/G ratio of 3.59 and a beta of 0.44. The business's fifty day moving average is $91.74 and its two-hundred day moving average is $97.40.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.22%. The ex-dividend date is Tuesday, January 21st. Colgate-Palmolive's payout ratio is 57.31%.

Insider Activity at Colgate-Palmolive

In other news, CFO Stanley J. Sutula III sold 45,410 shares of Colgate-Palmolive stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $94.11, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CL shares. Wells Fargo & Company lowered their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating on the stock in a report on Tuesday, January 7th. TD Cowen cut their target price on shares of Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their price target on Colgate-Palmolive from $101.00 to $95.00 and set a "hold" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on Colgate-Palmolive from $109.00 to $103.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Finally, UBS Group decreased their target price on Colgate-Palmolive from $112.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $101.11.

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.