Lawson Kroeker Investment Management Inc. NE Has $449,000 Holdings in Colgate-Palmolive (NYSE:CL)

Lawson Kroeker Investment Management Inc. NE lessened its holdings in shares of Colgate-Palmolive (NYSE:CL) by 4.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,943 shares of the company’s stock after selling 249 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in Colgate-Palmolive were worth $449,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth $32,000. Reston Wealth Management LLC acquired a new position in shares of Colgate-Palmolive during the third quarter worth $42,000. Capital Performance Advisors LLP acquired a new position in shares of Colgate-Palmolive during the third quarter worth $53,000. Synergy Asset Management LLC acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth $49,000. Finally, Prospera Private Wealth LLC bought a new position in Colgate-Palmolive during the third quarter worth $64,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Stock Down 0.2 %

Colgate-Palmolive stock opened at $89.65 on Thursday. Colgate-Palmolive has a fifty-two week low of $82.68 and a fifty-two week high of $109.30. The stock has a market cap of $73.24 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.59 and a beta of 0.44. The firm’s 50-day simple moving average is $91.67 and its 200 day simple moving average is $97.34. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 57.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CL shares. JPMorgan Chase & Co. lowered their target price on shares of Colgate-Palmolive from $109.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Barclays lowered their target price on shares of 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. Wells Fargo & Company lowered their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus decreased their price target on shares of Colgate-Palmolive from $101.00 to $95.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $101.00 price target on shares of Colgate-Palmolive in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.00.

Insider Buying and Selling

In other Colgate-Palmolive news, CFO Stanley J. Sutula III sold 45,410 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 36,726 shares in the company, valued at $3,456,283.86. The trade was a 55.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

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.