Chilton Capital Management LLC Raises Holdings in Colgate-Palmolive Company $CL

Chilton Capital Management LLC boosted its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 78.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 21,484 shares of the company’s stock after buying an additional 9,464 shares during the quarter. Chilton Capital Management LLC’s holdings in Colgate-Palmolive were worth $1,717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in shares of Colgate-Palmolive by 85.5% during the 2nd quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in Colgate-Palmolive by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock worth $30,000 after buying an additional 155 shares during the period. Copia Wealth Management acquired a new stake in shares of Colgate-Palmolive during the third quarter valued at about $29,000. MTM Investment Management LLC purchased a new stake in shares of Colgate-Palmolive in the 2nd quarter valued at approximately $39,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Colgate-Palmolive in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. TD Cowen dropped their target price on shares of Colgate-Palmolive from $90.00 to $86.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Bank of America dropped their price objective on Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. UBS Group increased their target price on Colgate-Palmolive from $90.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. lifted their target price on Colgate-Palmolive from $88.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, The Goldman Sachs Group cut their price target on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.44.

Colgate-Palmolive Price Performance

Shares of NYSE CL opened at $85.24 on Tuesday. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60. The company has a market cap of $68.71 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 5.85 and a beta of 0.30. The stock’s 50-day moving average is $80.20 and its two-hundred day moving average is $81.39. Colgate-Palmolive Company has a 1-year low of $74.54 and a 1-year high of $100.18.

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

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 58.26%.

About Colgate-Palmolive

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.