JNBA Financial Advisors Has $82,000 Stock Position in Colgate-Palmolive (NYSE:CL)

JNBA Financial Advisors cut its stake in Colgate-Palmolive (NYSE:CL) by 30.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 786 shares of the company’s stock after selling 350 shares during the period. JNBA Financial Advisors’ holdings in Colgate-Palmolive were worth $82,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CL. Dechtman Wealth Management LLC acquired a new stake in Colgate-Palmolive during the third quarter worth approximately $288,000. Concurrent Investment Advisors LLC grew its position in shares of Colgate-Palmolive by 7.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,583 shares of the company’s stock worth $1,306,000 after buying an additional 867 shares during the period. Gordian Advisors LLC bought a new stake in shares of Colgate-Palmolive in the 3rd quarter valued at $602,000. Radnor Capital Management LLC acquired a new position in shares of Colgate-Palmolive during the 3rd quarter valued at $2,900,000. Finally, Catalina Capital Group LLC boosted its stake in Colgate-Palmolive by 20.8% during the third quarter. Catalina Capital Group LLC now owns 2,593 shares of the company’s stock worth $269,000 after acquiring an additional 446 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Colgate-Palmolive

In related news, Director Martina Hundmejean sold 2,313 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $103.86, for a total value of $240,228.18. Following the sale, the director now owns 11,755 shares in the company, valued at approximately $1,220,874.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Colgate-Palmolive from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Barclays increased their price target on Colgate-Palmolive from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Wells Fargo & Company decreased their price objective on Colgate-Palmolive from $100.00 to $92.00 and set an “underweight” rating for the company in a report on Monday, October 28th. Piper Sandler began coverage on Colgate-Palmolive in a report on Tuesday, September 24th. They issued an “overweight” rating and a $121.00 target price on the stock. Finally, Sanford C. Bernstein boosted their price target on shares of Colgate-Palmolive from $100.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Colgate-Palmolive currently has an average rating of “Moderate Buy” and a consensus target price of $105.11.

Colgate-Palmolive Trading Down 4.3 %

Shares of Colgate-Palmolive stock opened at $90.21 on Thursday. The company’s 50-day moving average price is $101.49 and its 200-day moving average price is $98.39. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 9.46. Colgate-Palmolive has a 12-month low of $74.67 and a 12-month high of $109.30. The company has a market cap of $73.70 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 3.33 and a beta of 0.42.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, October 18th. Colgate-Palmolive’s dividend payout ratio is presently 57.31%.

About Colgate-Palmolive

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.