CWA Asset Management Group LLC Acquires 7,056 Shares of Colgate-Palmolive (NYSE:CL)

CWA Asset Management Group LLC grew its stake in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 27.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,842 shares of the company's stock after acquiring an additional 7,056 shares during the period. CWA Asset Management Group LLC's holdings in Colgate-Palmolive were worth $2,986,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pensionfund Sabic lifted its holdings in Colgate-Palmolive by 43.8% during the 4th quarter. Pensionfund Sabic now owns 19,700 shares of the company's stock worth $1,791,000 after purchasing an additional 6,000 shares during the last quarter. Nordea Investment Management AB increased its position in Colgate-Palmolive by 32.5% during the 4th quarter. Nordea Investment Management AB now owns 5,091,683 shares of the company's stock worth $462,121,000 after buying an additional 1,247,731 shares during the period. Everence Capital Management Inc. lifted its holdings in shares of Colgate-Palmolive by 6.1% during the fourth quarter. Everence Capital Management Inc. now owns 20,787 shares of the company's stock worth $1,890,000 after buying an additional 1,190 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Colgate-Palmolive by 32.8% in the fourth quarter. Versant Capital Management Inc now owns 1,881 shares of the company's stock valued at $171,000 after acquiring an additional 465 shares during the period. Finally, Old Port Advisors grew its stake in shares of Colgate-Palmolive by 7.0% in the fourth quarter. Old Port Advisors now owns 2,589 shares of the company's stock valued at $235,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 80.41% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Colgate-Palmolive from $113.00 to $114.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Colgate-Palmolive from a "buy" rating to a "hold" rating and lifted their price target for the company from $107.00 to $109.00 in a research report on Monday, September 9th. Wells Fargo & Company lowered their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating on the stock in a research note on Tuesday. TD Cowen reduced their target price on Colgate-Palmolive from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Finally, Stifel Nicolaus downgraded Colgate-Palmolive from a "buy" rating to a "hold" rating and dropped their price target for the company from $105.00 to $101.00 in a research note on Monday, October 28th. One investment 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 an average rating of "Moderate Buy" and an average price target of $104.16.

Colgate-Palmolive Price Performance

CL traded down $0.23 on Tuesday, reaching $87.31. The stock had a trading volume of 4,758,771 shares, compared to its average volume of 4,285,993. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 9.46. The company has a market capitalization of $71.33 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 3.31 and a beta of 0.44. Colgate-Palmolive has a fifty-two week low of $79.69 and a fifty-two week high of $109.30. The firm has a 50-day moving average of $93.18 and a 200-day moving average of $98.38.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Tuesday, January 21st. Colgate-Palmolive's payout ratio is 57.31%.

Insider Buying and Selling at Colgate-Palmolive

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the business's 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 transaction, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.