Sanibel Captiva Trust Company Inc. Cuts Stock Holdings in Colgate-Palmolive (NYSE:CL)

Sanibel Captiva Trust Company Inc. lowered its stake in Colgate-Palmolive (NYSE:CL - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,614 shares of the company's stock after selling 3,000 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Colgate-Palmolive were worth $4,783,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CL. Integrated Investment Consultants LLC raised its stake in shares of Colgate-Palmolive by 88.5% in the fourth quarter. Integrated Investment Consultants LLC now owns 25,566 shares of the company's stock valued at $2,324,000 after acquiring an additional 12,000 shares during the period. Arkadios Wealth Advisors raised its position in Colgate-Palmolive by 11.7% in the 4th quarter. Arkadios Wealth Advisors now owns 6,476 shares of the company's stock worth $589,000 after purchasing an additional 678 shares during the period. Canoe Financial LP lifted its stake in Colgate-Palmolive by 5.0% in the fourth quarter. Canoe Financial LP now owns 88,646 shares of the company's stock worth $8,059,000 after purchasing an additional 4,200 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in shares of Colgate-Palmolive by 6.1% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,714 shares of the company's stock valued at $519,000 after buying an additional 330 shares during the period. Finally, Arthur M. Cohen & Associates LLC grew its position in Colgate-Palmolive by 8.2% in the 4th quarter. Arthur M. Cohen & Associates LLC now owns 2,650 shares of the company's stock valued at $241,000 after acquiring an additional 200 shares during the last quarter. 80.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus dropped their target price on shares of Colgate-Palmolive from $101.00 to $95.00 and set a "hold" rating on the stock in a research note on Friday. Wells Fargo & Company decreased their target price on Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. TD Cowen dropped their price target on Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Piper Sandler decreased their price objective on Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Colgate-Palmolive from $109.00 to $103.00 and set an "overweight" rating on the stock in a report on Thursday. One investment 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. According to data from MarketBeat.com, Colgate-Palmolive has a consensus rating of "Hold" and a consensus target price of $101.11.

Colgate-Palmolive Stock Performance

CL stock traded up $0.23 during trading on Friday, reaching $88.79. The company had a trading volume of 5,149,874 shares, compared to its average volume of 3,679,883. The company has a market cap of $72.55 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 3.01 and a beta of 0.44. Colgate-Palmolive has a twelve month low of $79.69 and a twelve month high of $109.30. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.68 and a current ratio of 1.04. The firm has a 50-day simple moving average of $92.20 and a 200-day simple moving average of $97.75.

Colgate-Palmolive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.25%. Colgate-Palmolive's payout ratio is presently 57.31%.

Insider Activity

In related news, CFO Stanley J. Sutula III sold 45,410 shares of the firm's stock in a transaction 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 owns 36,726 shares of the company's stock, valued at $3,456,283.86. This trade represents a 55.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company's stock.

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.