Stonehage Fleming Financial Services Holdings Ltd Boosts Stock Position in Colgate-Palmolive (NYSE:CL)

Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of Colgate-Palmolive (NYSE:CL) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,086,752 shares of the company’s stock after buying an additional 110,788 shares during the quarter. Colgate-Palmolive comprises approximately 2.8% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 17th largest position. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Colgate-Palmolive were worth $98,797,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Peak Financial Advisors LLC acquired a new stake in shares of Colgate-Palmolive in the fourth quarter valued at $1,315,000. Gordian Advisors LLC acquired a new position in Colgate-Palmolive during the 3rd quarter worth approximately $602,000. Carrera Capital Advisors lifted its holdings in Colgate-Palmolive by 23.1% during the 3rd quarter. Carrera Capital Advisors now owns 39,170 shares of the company’s stock worth $4,066,000 after buying an additional 7,353 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in Colgate-Palmolive in the fourth quarter valued at approximately $4,066,000. Finally, Vontobel Holding Ltd. raised its stake in Colgate-Palmolive by 224.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 795,938 shares of the company’s stock worth $82,626,000 after acquiring an additional 550,750 shares in the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CL. TD Cowen dropped their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price target on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of Colgate-Palmolive from $101.00 to $95.00 and set a “hold” rating for the company in a report on Friday, January 17th. Piper Sandler decreased their price objective on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group decreased their price objective on Colgate-Palmolive from $112.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.11.

Insider Buying and Selling

In other Colgate-Palmolive 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 value of $4,273,535.10. Following the sale, the chief financial officer now directly owns 36,726 shares in the company, valued at $3,456,283.86. The trade was a 55.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

Colgate-Palmolive Stock Performance

NYSE CL opened at $87.88 on Monday. The stock has a market cap of $71.79 billion, a PE ratio of 25.18, a P/E/G 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 has a 52-week low of $80.03 and a 52-week high of $109.30. The firm has a 50-day moving average of $91.81 and a 200-day moving average of $97.45.

Colgate-Palmolive Announces Dividend

The firm also recently declared 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 2.28%. Colgate-Palmolive’s payout ratio is 57.31%.

Colgate-Palmolive 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.