Colgate-Palmolive (NYSE:CL) Shares Sold by NatWest Group plc

NatWest Group plc decreased its holdings in shares of Colgate-Palmolive (NYSE:CL) by 44.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,637 shares of the company’s stock after selling 48,787 shares during the period. Colgate-Palmolive makes up 1.6% of NatWest Group plc’s portfolio, making the stock its 27th biggest holding. NatWest Group plc’s holdings in Colgate-Palmolive were worth $5,513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Atomi Financial Group Inc. boosted its holdings in shares of Colgate-Palmolive by 12.8% in the third quarter. Atomi Financial Group Inc. now owns 6,095 shares of the company’s stock worth $633,000 after buying an additional 692 shares during the period. Brookstone Capital Management lifted its position in shares of Colgate-Palmolive by 11.7% in the 3rd quarter. Brookstone Capital Management now owns 17,366 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,814 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Colgate-Palmolive in the 3rd quarter worth approximately $339,000. CWM LLC raised its stake in Colgate-Palmolive by 28.7% during the 3rd quarter. CWM LLC now owns 35,216 shares of the company’s stock valued at $3,656,000 after purchasing an additional 7,861 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Colgate-Palmolive by 9.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,399 shares of the company’s stock valued at $145,000 after purchasing an additional 125 shares in the last quarter. 80.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CL shares. Morgan Stanley lowered their price target on Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $101.00 target price on shares of Colgate-Palmolive in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Stifel Nicolaus dropped their price objective on shares of Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Finally, Wells Fargo & Company decreased their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Price Performance

NYSE CL opened at $86.81 on Friday. Colgate-Palmolive has a 1 year low of $82.68 and a 1 year high of $109.30. The company has a fifty day simple moving average of $90.56 and a 200 day simple moving average of $96.84. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 9.46. The company has a market cap of $70.93 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.61 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same period last year, the firm earned $0.87 EPS. On average, sell-side analysts predict that Colgate-Palmolive will post 3.74 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. Colgate-Palmolive’s dividend payout ratio is 56.82%.

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.