Liberty One Investment Management LLC Raises Stake in Colgate-Palmolive (NYSE:CL)

Liberty One Investment Management LLC boosted its holdings in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,240 shares of the company's stock after buying an additional 2,912 shares during the quarter. Liberty One Investment Management LLC's holdings in Colgate-Palmolive were worth $5,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CL. State Street Corp lifted its holdings in Colgate-Palmolive by 3.8% in the third quarter. State Street Corp now owns 48,436,276 shares of the company's stock valued at $5,028,170,000 after acquiring an additional 1,784,411 shares during the period. Geode Capital Management LLC increased its holdings in shares of Colgate-Palmolive by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,193,331 shares of the company's stock valued at $2,095,325,000 after purchasing an additional 552,949 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Colgate-Palmolive by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,526,990 shares of the company's stock valued at $988,997,000 after purchasing an additional 557,492 shares during the period. Legal & General Group Plc grew its position in Colgate-Palmolive by 0.8% during the second quarter. Legal & General Group Plc now owns 7,785,101 shares of the company's stock valued at $755,465,000 after buying an additional 61,413 shares during the period. Finally, Barclays PLC increased its stake in shares of Colgate-Palmolive by 38.7% in the 3rd quarter. Barclays PLC now owns 7,644,189 shares of the company's stock valued at $793,542,000 after purchasing an additional 2,132,747 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

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 owns 36,726 shares in the company, valued at approximately $3,456,283.86. The trade was a 55.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays decreased their target price on Colgate-Palmolive from $96.00 to $83.00 and set an "equal weight" rating on the stock in a research report on Friday. TD Cowen decreased their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Piper Sandler cut their target price on shares of Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. UBS Group reduced their price objective on Colgate-Palmolive from $112.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday. Finally, StockNews.com cut shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. One 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. Based on data from MarketBeat.com, Colgate-Palmolive currently has an average rating of "Hold" and a consensus target price of $101.11.

Colgate-Palmolive Trading Up 0.3 %

NYSE CL traded up $0.23 during trading hours on Friday, reaching $88.79. The company had a trading volume of 5,149,874 shares, compared to its average volume of 3,679,883. Colgate-Palmolive has a 1-year low of $79.69 and a 1-year high of $109.30. The stock has a market capitalization of $72.55 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 3.01 and a beta of 0.44. The stock has a 50-day moving average of $92.20 and a 200 day moving average of $97.75. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 9.46.

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 issued a $0.50 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.25%. Colgate-Palmolive's dividend payout ratio (DPR) is presently 57.31%.

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.