Colgate-Palmolive Company $CL Shares Acquired by Chilton Capital Management LLC

Chilton Capital Management LLC lifted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 78.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,484 shares of the company’s stock after acquiring an additional 9,464 shares during the quarter. Chilton Capital Management LLC’s holdings in Colgate-Palmolive were worth $1,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. National Wealth Management Group LLC acquired a new stake in Colgate-Palmolive in the third quarter valued at approximately $394,000. Copia Wealth Management acquired a new stake in Colgate-Palmolive in the 3rd quarter valued at $29,000. Savoir Faire Capital Management L.P. increased its holdings in Colgate-Palmolive by 1.8% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 24,772 shares of the company’s stock worth $1,980,000 after acquiring an additional 439 shares in the last quarter. LBP AM SA increased its holdings in Colgate-Palmolive by 7.7% in the 3rd quarter. LBP AM SA now owns 228,323 shares of the company’s stock worth $18,252,000 after acquiring an additional 16,240 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in Colgate-Palmolive by 73.9% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 48,420 shares of the company’s stock worth $3,871,000 after acquiring an additional 20,583 shares during the period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CL has been the subject of a number of research reports. Argus reissued a “hold” rating on shares of Colgate-Palmolive in a research note on Thursday, December 11th. Morgan Stanley cut their price objective on Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Bank of America decreased their target price on Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Wells Fargo & Company set a $86.00 price target on Colgate-Palmolive and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Citigroup decreased their price objective on Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.44.

Colgate-Palmolive Stock Performance

Shares of Colgate-Palmolive stock opened at $85.24 on Tuesday. The business’s 50 day moving average price is $80.20 and its 200 day moving average price is $81.39. The company has a market cap of $68.71 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 5.85 and a beta of 0.30. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.60 and a current ratio of 0.93. Colgate-Palmolive Company has a one year low of $74.54 and a one year high of $100.18.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period last year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 21st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. Colgate-Palmolive’s payout ratio is 58.26%.

Colgate-Palmolive Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.