Pacifica Partners Inc. Decreases Stock Holdings in Colgate-Palmolive (NYSE:CL)

Pacifica Partners Inc. trimmed its position in Colgate-Palmolive (NYSE:CL - Free Report) by 97.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,020 shares of the company's stock after selling 35,874 shares during the quarter. Pacifica Partners Inc.'s holdings in Colgate-Palmolive were worth $92,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CL. FMR LLC lifted its stake in Colgate-Palmolive by 65.6% during the third quarter. FMR LLC now owns 6,749,275 shares of the company's stock worth $700,642,000 after purchasing an additional 2,674,807 shares during the last quarter. Barclays PLC increased its holdings in Colgate-Palmolive by 38.7% in the third 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 during the period. State Street Corp boosted its position in Colgate-Palmolive by 3.8% during 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 last quarter. Nordea Investment Management AB lifted its stake in Colgate-Palmolive by 32.5% in the fourth quarter. Nordea Investment Management AB now owns 5,091,683 shares of the company's stock valued at $462,121,000 after buying an additional 1,247,731 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Colgate-Palmolive by 58.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,416,943 shares of the company's stock valued at $234,540,000 after acquiring an additional 892,706 shares in the last quarter. Institutional investors own 80.41% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on CL. Wells Fargo & Company reduced their price target on shares of Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating for the company in a report on Tuesday, January 7th. Piper Sandler reduced their target price on Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. StockNews.com cut shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. JPMorgan Chase & Co. boosted their price objective on Colgate-Palmolive from $113.00 to $114.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Finally, Stifel Nicolaus lowered 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Colgate-Palmolive presently has an average rating of "Hold" and a consensus price target of $103.63.

Colgate-Palmolive Stock Up 0.3 %

Shares of CL stock traded up $0.23 during midday trading on Wednesday, reaching $87.90. 5,125,300 shares of the stock were exchanged, compared to its average volume of 5,203,934. Colgate-Palmolive has a 1 year low of $79.69 and a 1 year high of $109.30. The firm has a market cap of $71.82 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 3.31 and a beta of 0.44. The company's 50 day moving average is $92.36 and its two-hundred day moving average is $97.92. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 dividend on an annualized basis and a yield of 2.28%. Colgate-Palmolive's dividend payout ratio (DPR) is 57.31%.

Insider Buying and Selling

In related news, CFO Stanley J. Sutula III sold 45,410 shares of the company's stock in a transaction dated 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 $3,456,283.86. The trade was a 55.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by company 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.