Ontario Teachers Pension Plan Board Has $1.86 Million Holdings in Colgate-Palmolive (NYSE:CL)

Ontario Teachers Pension Plan Board lowered its holdings in Colgate-Palmolive (NYSE:CL - Free Report) by 42.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,888 shares of the company's stock after selling 13,378 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Colgate-Palmolive were worth $1,857,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Colgate-Palmolive in the second quarter valued at approximately $25,000. Continuum Advisory LLC increased its stake in Colgate-Palmolive by 46.5% in the 2nd quarter. Continuum Advisory LLC now owns 394 shares of the company's stock valued at $38,000 after buying an additional 125 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Colgate-Palmolive in the 3rd quarter valued at approximately $42,000. Capital Performance Advisors LLP bought a new position in Colgate-Palmolive during the third quarter worth about $53,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Colgate-Palmolive in the third quarter valued at $64,000. Institutional investors own 80.41% of the company's stock.

Insider Buying and Selling

In related news, Director Martina Hundmejean sold 2,313 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $103.86, for a total transaction of $240,228.18. Following the completion of the sale, the director now directly owns 11,755 shares in the company, valued at approximately $1,220,874.30. This trade represents a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stanley J. Sutula III sold 45,410 shares of the stock in a transaction on 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 approximately $3,456,283.86. This trade represents a 55.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company's stock.

Colgate-Palmolive Stock Performance

Shares of CL traded up $0.30 during mid-day trading on Wednesday, hitting $93.91. 4,300,705 shares of the company's stock were exchanged, compared to its average volume of 4,390,289. The firm has a market capitalization of $76.73 billion, a P/E ratio of 26.90, a P/E/G ratio of 3.34 and a beta of 0.42. Colgate-Palmolive has a fifty-two week low of $75.39 and a fifty-two week high of $109.30. The business's 50 day moving average is $98.80 and its two-hundred day moving average is $98.56. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.00 annualized dividend and a yield of 2.13%. Colgate-Palmolive's payout ratio is currently 57.31%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com raised shares of Colgate-Palmolive from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Jefferies Financial Group lowered Colgate-Palmolive from a "buy" rating to a "hold" rating and decreased their target price for the company from $103.00 to $95.00 in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered Colgate-Palmolive from a "buy" rating to a "hold" rating and increased their price target for the company from $107.00 to $109.00 in a research report on Monday, September 9th. HSBC restated a "hold" rating on shares of Colgate-Palmolive in a research report on Friday, July 26th. Finally, Barclays boosted their price target on shares of Colgate-Palmolive from $91.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday, July 29th. 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 a consensus rating of "Moderate Buy" and a consensus price target of $105.11.

About Colgate-Palmolive

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.