Miracle Mile Advisors LLC Boosts Stock Holdings in Colgate-Palmolive (NYSE:CL)

Miracle Mile Advisors LLC raised its position in Colgate-Palmolive (NYSE:CL - Free Report) by 218.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,222 shares of the company's stock after acquiring an additional 8,380 shares during the period. Miracle Mile Advisors LLC's holdings in Colgate-Palmolive were worth $1,111,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. D Orazio & Associates Inc. lifted its position in Colgate-Palmolive by 3.9% in the 3rd quarter. D Orazio & Associates Inc. now owns 2,862 shares of the company's stock worth $297,000 after buying an additional 108 shares during the last quarter. Fiducient Advisors LLC raised its stake in shares of Colgate-Palmolive by 5.2% during the third quarter. Fiducient Advisors LLC now owns 2,231 shares of the company's stock worth $232,000 after acquiring an additional 110 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Colgate-Palmolive by 3.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 3,853 shares of the company's stock valued at $374,000 after purchasing an additional 111 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Colgate-Palmolive by 0.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,392 shares of the company's stock valued at $2,117,000 after purchasing an additional 113 shares during the last quarter. Finally, Great Waters Wealth Management grew its holdings in shares of Colgate-Palmolive by 1.5% during the 3rd quarter. Great Waters Wealth Management now owns 7,669 shares of the company's stock valued at $796,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 80.41% of the company's stock.

Colgate-Palmolive Stock Up 0.3 %

CL traded up $0.23 during trading on Wednesday, reaching $87.90. The stock had a trading volume of 5,125,300 shares, compared to its average volume of 5,203,934. 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 $71.82 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 3.31 and a beta of 0.44. The stock's 50 day moving average is $92.36 and its two-hundred day moving average is $97.92. Colgate-Palmolive has a one year low of $79.69 and a one year high of $109.30.

Colgate-Palmolive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.28%. Colgate-Palmolive's payout ratio is 57.31%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CL. StockNews.com lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Stifel Nicolaus cut Colgate-Palmolive from a "buy" rating to a "hold" rating and dropped their target price for the company from $105.00 to $101.00 in a report on Monday, October 28th. Wells Fargo & Company decreased their price target on Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 7th. TD Cowen dropped their price objective on Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their target price 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $103.63.

Insider Activity 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. 0.37% of the stock is currently owned by corporate insiders.

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.