Rempart Asset Management Inc. Has $22.88 Million Stake in Colgate-Palmolive (NYSE:CL)

Rempart Asset Management Inc. lowered its stake in Colgate-Palmolive (NYSE:CL) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 251,618 shares of the company’s stock after selling 2,990 shares during the quarter. Colgate-Palmolive makes up 4.6% of Rempart Asset Management Inc.’s portfolio, making the stock its 8th biggest holding. Rempart Asset Management Inc.’s holdings in Colgate-Palmolive were worth $22,875,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its holdings in shares of Colgate-Palmolive by 2.7% in the second quarter. Private Advisor Group LLC now owns 65,409 shares of the company’s stock worth $6,347,000 after buying an additional 1,690 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Colgate-Palmolive during the 2nd quarter worth $178,000. Ballentine Partners LLC increased its stake in shares of Colgate-Palmolive by 9.6% during the second quarter. Ballentine Partners LLC now owns 10,229 shares of the company’s stock valued at $993,000 after buying an additional 893 shares during the period. Quest Partners LLC lifted its stake in Colgate-Palmolive by 155.2% in the second quarter. Quest Partners LLC now owns 18,763 shares of the company’s stock worth $1,821,000 after acquiring an additional 11,410 shares during the period. Finally, Prudential PLC grew its holdings in Colgate-Palmolive by 0.5% during the 2nd quarter. Prudential PLC now owns 89,299 shares of the company’s stock worth $8,666,000 after acquiring an additional 423 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Colgate-Palmolive

In other Colgate-Palmolive news, CFO Stanley J. Sutula III sold 45,410 shares of the firm’s stock in a transaction that occurred on 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 approximately $3,456,283.86. This trade represents a 55.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CL. Stifel Nicolaus cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and lowered their price target for the stock from $105.00 to $101.00 in a research report on Monday, October 28th. Wells Fargo & Company dropped their target price on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Colgate-Palmolive from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. StockNews.com raised Colgate-Palmolive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st. Finally, TD Cowen reduced their target price on shares of Colgate-Palmolive from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Colgate-Palmolive has an average rating of “Moderate Buy” and an average price target of $104.16.

Colgate-Palmolive Stock Up 0.1 %

Shares of Colgate-Palmolive stock traded up $0.08 during trading hours on Wednesday, reaching $87.47. 597,933 shares of the company were exchanged, compared to its average volume of 3,490,026. The firm has a market cap of $71.46 billion, a PE ratio of 25.06, a PEG ratio of 3.31 and a beta of 0.44. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.68 and a current ratio of 1.04. Colgate-Palmolive has a 1 year low of $79.69 and a 1 year high of $109.30. The stock’s fifty day moving average is $93.03 and its 200 day moving average is $98.31.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.29%. The ex-dividend date is Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 57.31%.

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.