Weatherly Asset Management L. P. Boosts Stock Position in Colgate-Palmolive (NYSE:CL)

Weatherly Asset Management L. P. lifted its position in Colgate-Palmolive (NYSE:CL) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,943 shares of the company’s stock after buying an additional 140 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Colgate-Palmolive were worth $2,693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CL. Norden Group LLC purchased a new stake in Colgate-Palmolive in the 1st quarter valued at $532,000. Diversify Advisory Services LLC acquired a new position in shares of Colgate-Palmolive in the first quarter valued at approximately $911,000. Mission Wealth Management LP lifted its holdings in shares of Colgate-Palmolive by 30.5% during the first quarter. Mission Wealth Management LP now owns 4,162 shares of the company’s stock worth $375,000 after purchasing an additional 973 shares during the period. Prosperity Consulting Group LLC purchased a new position in Colgate-Palmolive in the 1st quarter valued at $281,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Colgate-Palmolive by 28.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 262,147 shares of the company’s stock worth $23,606,000 after buying an additional 57,611 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Insider Buying and Selling

In related news, insider Sally Massey sold 15,850 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $103.28, for a total value of $1,636,988.00. Following the sale, the insider now owns 13,942 shares of the company’s stock, valued at $1,439,929.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Panagiotis Tsourapas sold 14,794 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $102.94, for a total value of $1,522,894.36. Following the completion of the transaction, the insider now owns 5,146 shares in the company, valued at $529,729.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sally Massey sold 15,850 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $103.28, for a total transaction of $1,636,988.00. Following the completion of the transaction, the insider now owns 13,942 shares of the company’s stock, valued at $1,439,929.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,490 shares of company stock valued at $4,486,063 in the last quarter. Company insiders own 0.34% of the company’s stock.

Colgate-Palmolive Stock Down 0.4 %

Shares of NYSE:CL opened at $93.30 on Friday. The stock has a market capitalization of $76.23 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 3.38 and a beta of 0.40. Colgate-Palmolive has a 1-year low of $74.22 and a 1-year high of $109.30. The company’s fifty day moving average is $102.26 and its two-hundred day moving average is $98.19. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.28 and a current ratio of 1.04.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.14%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 57.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CL. Wells Fargo & Company lowered their price objective on Colgate-Palmolive from $100.00 to $92.00 and set an “underweight” rating on the stock in a report on Monday, October 28th. Morgan Stanley raised their target price on Colgate-Palmolive from $103.00 to $111.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Barclays upped their price target on shares of Colgate-Palmolive from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Hsbc Global Res downgraded shares of Colgate-Palmolive from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, TD Cowen decreased their price objective on shares of Colgate-Palmolive from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $105.11.

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.