Stonehage Fleming Financial Services Holdings Ltd Has $98.80 Million Holdings in Colgate-Palmolive (NYSE:CL)

Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of Colgate-Palmolive (NYSE:CL) by 11.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,086,752 shares of the company’s stock after purchasing an additional 110,788 shares during the quarter. Colgate-Palmolive accounts for about 2.8% of Stonehage Fleming Financial Services Holdings Ltd’s investment portfolio, making the stock its 17th biggest position. Stonehage Fleming Financial Services Holdings Ltd owned about 0.13% of Colgate-Palmolive worth $98,797,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Peak Financial Advisors LLC acquired a new stake in shares of Colgate-Palmolive during the fourth quarter worth approximately $1,315,000. Gordian Advisors LLC bought a new position in Colgate-Palmolive in the 3rd quarter valued at $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 stake in Colgate-Palmolive during the 4th quarter worth about $4,066,000. Finally, Vontobel Holding Ltd. raised its position in shares of Colgate-Palmolive by 224.6% during the third 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. Institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CL has been the subject of a number of analyst reports. TD Cowen decreased their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on shares of Colgate-Palmolive from $101.00 to $95.00 and set a “hold” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on Colgate-Palmolive from $109.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. StockNews.com downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Piper Sandler decreased their price target on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Colgate-Palmolive currently has an average rating of “Hold” and a consensus target price of $101.11.

Insider Buying and Selling

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 value of $4,273,535.10. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Colgate-Palmolive Trading Down 0.0 %

Colgate-Palmolive stock opened at $87.88 on Monday. The firm has a market capitalization of $71.79 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 3.59 and a beta of 0.44. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 9.46. The firm has a 50 day moving average of $91.81 and a 200 day moving average of $97.45. Colgate-Palmolive has a 12-month low of $80.03 and a 12-month high of $109.30.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 2.28%. Colgate-Palmolive’s dividend payout ratio (DPR) is 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.