Robeco Institutional Asset Management B.V. Sells 63,193 Shares of Colgate-Palmolive (NYSE:CL)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,821,487 shares of the company's stock after selling 63,193 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.35% of Colgate-Palmolive worth $256,501,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Union Bancaire Privee UBP SA bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at about $32,000. Reston Wealth Management LLC bought a new position in shares of Colgate-Palmolive in the third quarter worth about $42,000. Capital Performance Advisors LLP acquired a new position in shares of Colgate-Palmolive during the third quarter worth approximately $53,000. Prospera Private Wealth LLC acquired a new stake in shares of Colgate-Palmolive in the third quarter valued at approximately $64,000. Finally, True Wealth Design LLC raised its position in Colgate-Palmolive by 1,460.9% in the 3rd quarter. True Wealth Design LLC now owns 718 shares of the company's stock worth $75,000 after purchasing an additional 672 shares during the last quarter. Institutional investors and hedge funds own 80.41% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on CL shares. Stifel Nicolaus decreased their price objective on Colgate-Palmolive from $101.00 to $95.00 and set a "hold" rating on the stock in a research report on Friday, January 17th. StockNews.com lowered Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. cut their target price on shares of Colgate-Palmolive from $109.00 to $103.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada reiterated a "sector perform" rating and set a $101.00 price target on shares of Colgate-Palmolive in a research report on Wednesday. Finally, TD Cowen dropped their price target on shares of Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $101.42.

Insider Activity at Colgate-Palmolive

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $94.11, for a total transaction of $4,273,535.10. Following the completion of the transaction, the chief financial officer now directly owns 36,726 shares of the company's stock, valued at $3,456,283.86. This trade represents a 55.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

Colgate-Palmolive Stock Down 0.2 %

NYSE CL traded down $0.21 during trading hours on Wednesday, reaching $89.65. 3,179,784 shares of the company's stock were exchanged, compared to its average volume of 5,047,808. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.68 and a current ratio of 1.04. Colgate-Palmolive has a one year low of $82.68 and a one year high of $109.30. The company's 50-day moving average is $91.67 and its two-hundred day moving average is $97.34. The company has a market capitalization of $73.24 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 3.59 and a beta of 0.44.

Colgate-Palmolive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. Colgate-Palmolive's payout ratio is 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.