Exchange Traded Concepts LLC Acquires 26,991 Shares of Colgate-Palmolive (NYSE:CL)

Exchange Traded Concepts LLC increased its stake in shares of Colgate-Palmolive (NYSE:CL) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,440 shares of the company’s stock after buying an additional 26,991 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Colgate-Palmolive were worth $20,131,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Peak Financial Advisors LLC acquired a new position in Colgate-Palmolive in the fourth quarter valued at about $1,315,000. Gordian Advisors LLC bought a new stake in shares of Colgate-Palmolive during the third quarter worth $602,000. Carrera Capital Advisors increased its stake in shares of Colgate-Palmolive by 23.1% in the third quarter. Carrera Capital Advisors now owns 39,170 shares of the company’s stock valued at $4,066,000 after buying an additional 7,353 shares in the last quarter. Fiduciary Alliance LLC bought a new position in shares of Colgate-Palmolive in the fourth quarter valued at about $4,066,000. Finally, Vontobel Holding Ltd. grew its holdings 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 during the last quarter. 80.41% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. 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 research report on Thursday, January 16th. StockNews.com lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stifel Nicolaus cut 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 report on Friday, January 17th. Piper Sandler lowered their price target on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company cut their price objective on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. One equities 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 MarketBeat.com, the company has an average rating of “Hold” and an average target price of $101.11.

Colgate-Palmolive Price Performance

Colgate-Palmolive stock opened at $88.34 on Friday. The stock’s 50 day moving average is $92.00 and its 200 day moving average is $97.58. Colgate-Palmolive has a one year low of $80.03 and a one year high of $109.30. The firm has a market cap of $72.17 billion, a P/E ratio of 25.29, 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 current ratio of 1.04 and a quick ratio of 0.68.

Colgate-Palmolive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.26%. Colgate-Palmolive’s payout ratio is currently 57.31%.

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.