M&G Plc lessened its holdings in Colgate-Palmolive (NYSE:CL – Free Report) by 12.4% throughout the third quarter, HoldingsChannel.com experiences. The institutional investor owned 70,071 shares of the corporate’s inventory after promoting 9,904 shares throughout the quarter. M&G Plc’s holdings in Colgate-Palmolive have been value $7,287,000 as of its most up-to-date SEC submitting.
Plenty of different institutional traders additionally just lately purchased and bought shares of CL. Dechtman Wealth Administration LLC acquired a brand new stake in Colgate-Palmolive throughout the third quarter value $288,000. Concurrent Funding Advisors LLC elevated its holdings in shares of Colgate-Palmolive by 7.4% within the third quarter. Concurrent Funding Advisors LLC now owns 12,583 shares of the corporate’s inventory valued at $1,306,000 after buying an extra 867 shares throughout the interval. Gordian Advisors LLC bought a brand new place in Colgate-Palmolive throughout the third quarter value $602,000. Radnor Capital Administration LLC bought a brand new place in Colgate-Palmolive throughout the third quarter value about $2,900,000. Lastly, Catalina Capital Group LLC raised its stake in shares of Colgate-Palmolive by 20.8% throughout the third quarter. Catalina Capital Group LLC now owns 2,593 shares of the corporate’s inventory value $269,000 after shopping for an extra 446 shares within the final quarter. 80.41% of the inventory is owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
A number of analysts just lately commented on the inventory. Piper Sandler initiated protection on shares of Colgate-Palmolive in a analysis word on Tuesday, September twenty fourth. They issued an “obese” ranking and a $121.00 value goal for the corporate. Redburn Atlantic upgraded Colgate-Palmolive to a “maintain” ranking in a analysis report on Thursday, August 1st. Evercore ISI lifted their goal value on shares of Colgate-Palmolive from $100.00 to $106.00 and gave the inventory an “outperform” ranking in a analysis word on Thursday, July 18th. Sanford C. Bernstein upped their value goal on shares of Colgate-Palmolive from $100.00 to $103.00 and gave the corporate a “market carry out” ranking in a analysis word on Tuesday, July thirtieth. Lastly, UBS Group boosted their value goal on shares of Colgate-Palmolive from $119.00 to $122.00 and gave the corporate a “purchase” ranking in a analysis word on Wednesday, September 4th. One analyst has rated the inventory with a promote ranking, 9 have issued a maintain ranking and 13 have assigned a purchase ranking to the corporate’s inventory. Based on MarketBeat, Colgate-Palmolive at the moment has a consensus ranking of “Reasonable Purchase” and a median value goal of $105.11.
Examine Out Our Newest Inventory Report on CL
Insider Shopping for and Promoting at Colgate-Palmolive
In different information, Director Martina Hundmejean bought 2,313 shares of the corporate’s inventory in a transaction dated Friday, August twenty third. The shares have been bought at a median value of $103.86, for a complete worth of $240,228.18. Following the sale, the director now owns 11,755 shares within the firm, valued at roughly $1,220,874.30. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the SEC, which will be accessed by this hyperlink. In different Colgate-Palmolive information, CFO Stanley J. Sutula III bought 45,410 shares of the enterprise’s inventory in a transaction on Tuesday, November fifth. The shares have been bought at a median value of $94.11, for a complete transaction of $4,273,535.10. Following the completion of the sale, the chief monetary officer now owns 36,726 shares within the firm, valued at $3,456,283.86. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible at this hyperlink. Additionally, Director Martina Hundmejean bought 2,313 shares of the inventory in a transaction on Friday, August twenty third. The inventory was bought at a median value of $103.86, for a complete transaction of $240,228.18. Following the sale, the director now straight owns 11,755 shares within the firm, valued at $1,220,874.30. This commerce represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. 0.34% of the inventory is at the moment owned by insiders.
Colgate-Palmolive Inventory Efficiency
Shares of CL opened at $92.59 on Friday. The agency has a market cap of $75.65 billion, a price-to-earnings ratio of 26.53, a PEG ratio of three.34 and a beta of 0.42. The corporate has a fast ratio of 0.68, a present ratio of 1.04 and a debt-to-equity ratio of 9.46. The enterprise’s 50 day shifting common is $100.91 and its two-hundred day shifting common is $98.37. Colgate-Palmolive has a 52-week low of $74.67 and a 52-week excessive of $109.30.
Colgate-Palmolive Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which might be paid on Friday, November fifteenth. Traders of report on Friday, October 18th might be issued a $0.50 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.00 annualized dividend and a yield of two.16%. Colgate-Palmolive’s dividend payout ratio is presently 57.31%.
About Colgate-Palmolive
Colgate-Palmolive Firm, along with its subsidiaries, manufactures and sells client merchandise in the US and internationally. It operates by two segments: Oral, Private and House Care; and Pet Diet. The Oral, Private and House Care section affords toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, bathe gels, shampoos, conditioners, deodorants and antiperspirants, pores and skin well being merchandise, dishwashing detergents, material conditioners, family cleaners, and different associated objects.
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