Caprock Group LLC Sells 1,387 Shares of Colgate-Palmolive (NYSE:CL)

Caprock Group LLC reduced its position in Colgate-Palmolive (NYSE:CL) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,492 shares of the company’s stock after selling 1,387 shares during the quarter. Caprock Group LLC’s holdings in Colgate-Palmolive were worth $2,499,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA bought a new position in shares of Colgate-Palmolive in the 4th quarter worth about $32,000. Reston Wealth Management LLC acquired a new stake in Colgate-Palmolive during the third quarter worth approximately $42,000. Capital Performance Advisors LLP bought a new stake in Colgate-Palmolive in the third quarter worth approximately $53,000. Synergy Asset Management LLC acquired a new position in Colgate-Palmolive in the fourth quarter valued at approximately $49,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Colgate-Palmolive during the 3rd quarter worth approximately $64,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CL has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Colgate-Palmolive from $109.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company dropped 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. Stifel Nicolaus reduced their target price on Colgate-Palmolive from $101.00 to $95.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Piper Sandler dropped their price target 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, Barclays reduced their price objective on Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $102.00.

Insider Activity

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the company’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 transaction, the chief financial officer now owns 36,726 shares of the company’s stock, valued at $3,456,283.86. This represents a 55.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Colgate-Palmolive Stock Performance

CL stock opened at $86.64 on Friday. The business has a 50 day moving average of $91.35 and a 200-day moving average of $97.17. The firm has a market cap of $70.78 billion, a PE ratio of 24.82, a P/E/G ratio of 3.70 and a beta of 0.44. Colgate-Palmolive has a 12-month low of $82.68 and a 12-month high of $109.30. 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 (NYSE:CL) last announced its earnings results on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 405.81% and a net margin of 14.27%. During the same quarter last year, the firm posted $0.87 earnings per share. As a group, sell-side analysts expect that Colgate-Palmolive will post 3.58 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, January 21st. 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.