Nations Financial Group Inc. IA ADV Increases Position in Colgate-Palmolive (NYSE:CL)

Nations Financial Group Inc. IA ADV boosted its holdings in Colgate-Palmolive (NYSE:CL) by 10.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,320 shares of the company’s stock after purchasing an additional 1,296 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Colgate-Palmolive were worth $1,383,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CL. Envestnet Portfolio Solutions Inc. grew its holdings in Colgate-Palmolive by 30.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 24,251 shares of the company’s stock worth $2,184,000 after purchasing an additional 5,614 shares during the period. Atomi Financial Group Inc. grew its holdings in shares of Colgate-Palmolive by 34.7% during the first quarter. Atomi Financial Group Inc. now owns 4,515 shares of the company’s stock valued at $407,000 after buying an additional 1,162 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Colgate-Palmolive by 10.5% during the first quarter. QRG Capital Management Inc. now owns 51,524 shares of the company’s stock valued at $4,640,000 after buying an additional 4,891 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Colgate-Palmolive by 3.8% during the first quarter. Bleakley Financial Group LLC now owns 20,832 shares of the company’s stock valued at $1,876,000 after buying an additional 767 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Colgate-Palmolive by 80.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,382,089 shares of the company’s stock valued at $124,457,000 after buying an additional 615,645 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Stanley J. Sutula III sold 45,410 shares of Colgate-Palmolive stock in a transaction dated 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 approximately $3,456,283.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Martina Hundmejean sold 2,313 shares of Colgate-Palmolive stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $103.86, for a total transaction of $240,228.18. Following the completion of the sale, the director now owns 11,755 shares in the company, valued at $1,220,874.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stanley J. Sutula III sold 45,410 shares of Colgate-Palmolive stock in a transaction dated 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 sale, the chief financial officer now owns 36,726 shares of the company’s stock, valued at $3,456,283.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Colgate-Palmolive Stock Performance

Shares of NYSE:CL opened at $92.00 on Tuesday. Colgate-Palmolive has a 52 week low of $75.17 and a 52 week high of $109.30. The stock has a market capitalization of $75.17 billion, a P/E ratio of 26.36, a PEG ratio of 3.31 and a beta of 0.42. The firm has a fifty day simple moving average of $100.91 and a two-hundred day simple moving average of $98.50. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 9.46.

Colgate-Palmolive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a $0.50 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. Colgate-Palmolive’s payout ratio is currently 57.31%.

Analysts Set New Price Targets

CL has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Colgate-Palmolive from $100.00 to $92.00 and set an “underweight” rating on the stock in a report on Monday, October 28th. Piper Sandler initiated coverage on shares of Colgate-Palmolive in a research report on Tuesday, September 24th. They set an “overweight” rating and a $121.00 price objective on the stock. StockNews.com upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. HSBC restated a “hold” rating on shares of Colgate-Palmolive in a research report on Friday, July 26th. Finally, Morgan Stanley increased their price objective on shares of Colgate-Palmolive from $103.00 to $111.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.11.

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.