BDF Gestion Sells 4,691 Shares of Colgate-Palmolive (NYSE:CL)

BDF Gestion lowered its holdings in shares of Colgate-Palmolive (NYSE:CL) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,119 shares of the company’s stock after selling 4,691 shares during the quarter. BDF Gestion’s holdings in Colgate-Palmolive were worth $3,284,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA purchased a new position in Colgate-Palmolive during the 4th quarter valued at $32,000. Reston Wealth Management LLC purchased a new position in Colgate-Palmolive during the 3rd quarter valued at $42,000. Capital Performance Advisors LLP purchased a new position in Colgate-Palmolive during the 3rd quarter valued at $53,000. Synergy Asset Management LLC purchased a new stake in shares of Colgate-Palmolive in the 4th quarter worth $49,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Colgate-Palmolive in the 3rd quarter worth $64,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Stanley J. Sutula III sold 45,410 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 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 currently owned by company insiders.

Colgate-Palmolive Stock Down 0.2 %

Shares of CL opened at $89.65 on Thursday. The company has a market capitalization of $73.24 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.59 and a beta of 0.44. The stock’s 50-day moving average price is $91.67 and its 200-day moving average price is $97.34. 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 has a 52 week low of $82.68 and a 52 week high of $109.30.

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.23%. Colgate-Palmolive’s dividend payout ratio is currently 57.31%.

Analyst Ratings Changes

CL has been the subject of several research reports. JPMorgan Chase & Co. lowered their target price on Colgate-Palmolive from $109.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company lowered their target price on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. StockNews.com cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Barclays decreased 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. Finally, UBS Group decreased their price objective on Colgate-Palmolive from $112.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $102.00.

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.