Mediolanum International Funds Ltd Has $18.10 Million Holdings in Colgate-Palmolive (NYSE:CL)

Mediolanum International Funds Ltd lowered its position in shares of Colgate-Palmolive (NYSE:CL) by 50.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 199,853 shares of the company’s stock after selling 201,770 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Colgate-Palmolive were worth $18,100,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA acquired a new stake in Colgate-Palmolive in the fourth quarter worth $32,000. Reston Wealth Management LLC bought a new position in Colgate-Palmolive in the third quarter worth approximately $42,000. Synergy Asset Management LLC acquired a new stake in Colgate-Palmolive in the fourth quarter valued at approximately $49,000. Capital Performance Advisors LLP bought a new stake in shares of Colgate-Palmolive during the third quarter valued at approximately $53,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Colgate-Palmolive in the 3rd quarter worth $64,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Stock Up 1.5 %

CL stock opened at $90.96 on Friday. The stock has a fifty day moving average of $91.58 and a 200-day moving average of $97.29. Colgate-Palmolive has a fifty-two week low of $82.68 and a fifty-two week high of $109.30. The company has a market capitalization of $74.31 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 3.59 and a beta of 0.44. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. Colgate-Palmolive’s payout ratio is 57.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Barclays decreased their price objective on Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Piper Sandler cut their target price on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $101.00 price target on shares of Colgate-Palmolive in a research report on Wednesday. Finally, UBS Group cut their price objective on shares of Colgate-Palmolive from $112.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $102.00.

Insider Activity

In related news, CFO Stanley J. Sutula III sold 45,410 shares of the business’s 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 sale, the chief financial officer now directly owns 36,726 shares in the company, valued at approximately $3,456,283.86. The trade was a 55.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

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.