36,226 Shares in Colgate-Palmolive (NYSE:CL) Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC bought a new position in shares of Colgate-Palmolive (NYSE:CL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 36,226 shares of the company's stock, valued at approximately $3,293,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Algert Global LLC grew its holdings in Colgate-Palmolive by 14.4% during the 2nd quarter. Algert Global LLC now owns 5,131 shares of the company's stock valued at $498,000 after buying an additional 647 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Colgate-Palmolive by 11.7% during the 2nd quarter. NewEdge Advisors LLC now owns 51,375 shares of the company's stock worth $4,985,000 after acquiring an additional 5,363 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Colgate-Palmolive by 7.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 17,851 shares of the company's stock worth $1,732,000 after purchasing an additional 1,212 shares in the last quarter. SPC Financial Inc. bought a new position in Colgate-Palmolive in the 2nd quarter valued at $227,000. Finally, 3Chopt Investment Partners LLC purchased a new position in shares of Colgate-Palmolive during the 2nd quarter valued at $400,000. Institutional investors own 80.41% of the company's stock.

Insider Transactions at Colgate-Palmolive

In other Colgate-Palmolive news, CFO Stanley J. Sutula III sold 45,410 shares of the business's stock in a transaction on 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 sale, the chief financial officer now directly owns 36,726 shares of the company's stock, valued at approximately $3,456,283.86. The trade was a 55.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CL. Royal Bank of Canada reiterated a "sector perform" rating and issued a $101.00 price objective on shares of Colgate-Palmolive in a research report on Wednesday. Stifel Nicolaus reduced their target price on Colgate-Palmolive from $101.00 to $95.00 and set a "hold" rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company dropped their price target on Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating for the company in a research note on Tuesday, January 7th. StockNews.com lowered Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Finally, Piper Sandler dropped their target price 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Colgate-Palmolive presently has an average rating of "Hold" and an average target price of $102.00.

Colgate-Palmolive Trading Up 1.1 %

Shares of CL traded up $1.03 during mid-day trading on Thursday, hitting $90.60. 2,288,276 shares of the company's stock traded hands, compared to its average volume of 4,899,251. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 9.46. The business's 50-day moving average price is $91.58 and its 200-day moving average price is $97.29. The firm has a market capitalization of $74.02 billion, a P/E ratio of 25.96, a PEG ratio of 3.59 and a beta of 0.44. Colgate-Palmolive has a 1 year low of $82.68 and a 1 year high of $109.30.

Colgate-Palmolive Announces Dividend

The business also recently declared 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 dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, January 21st. Colgate-Palmolive's dividend payout ratio is currently 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.