Calamos Wealth Management LLC Acquires 1,194 Shares of Colgate-Palmolive (NYSE:CL)
Calamos Wealth Management LLC raised its holdings in shares of Colgate-Palmolive (NYSE:CL) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,202 shares of the company’s stock after acquiring an additional 1,194 shares during the quarter. Calamos Wealth Management LLC’s holdings in Colgate-Palmolive were worth $3,594,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Bridger Capital Management LLC grew its position in Colgate-Palmolive by 0.8% in the third quarter. Bridger Capital Management LLC now owns 18,265 shares of the company’s stock worth $1,243,000 after acquiring an additional 150 shares in the last quarter. Park National Corp OH grew its position in Colgate-Palmolive by 0.3% in the fourth quarter. Park National Corp OH now owns 56,228 shares of the company’s stock worth $3,871,000 after acquiring an additional 150 shares in the last quarter. Cornerstone Advisors Inc. grew its position in Colgate-Palmolive by 3.0% in the third quarter. Cornerstone Advisors Inc. now owns 5,399 shares of the company’s stock worth $397,000 after acquiring an additional 159 shares in the last quarter. Merit Financial Group LLC grew its position in Colgate-Palmolive by 2.7% in the third quarter. Merit Financial Group LLC now owns 6,545 shares of the company’s stock worth $481,000 after acquiring an additional 171 shares in the last quarter. Finally, TCI Wealth Advisors Inc. grew its position in Colgate-Palmolive by 23.0% in the third quarter. TCI Wealth Advisors Inc. now owns 1,071 shares of the company’s stock worth $79,000 after acquiring an additional 200 shares in the last quarter. 76.69% of the stock is currently owned by institutional investors and hedge funds.
CL has been the subject of several recent analyst reports. Berenberg Bank initiated coverage on Colgate-Palmolive in a research report on Wednesday, October 16th. They set a “sell” rating and a $58.00 target price for the company. ValuEngine upgraded Colgate-Palmolive from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Deutsche Bank boosted their target price on Colgate-Palmolive from $72.00 to $73.00 and gave the company a “hold” rating in a research report on Thursday, December 12th. Bank of America lowered Colgate-Palmolive from a “buy” rating to a “neutral” rating and dropped their target price for the company from $77.00 to $74.00 in a research report on Thursday, December 19th. Finally, Morgan Stanley set a $71.00 target price on Colgate-Palmolive and gave the company a “hold” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $72.85.
Shares of NYSE CL traded up $0.55 during trading hours on Wednesday, reaching $70.84. The stock had a trading volume of 136,675 shares, compared to its average volume of 4,163,094. The company has a current ratio of 1.03, a quick ratio of 0.70 and a debt-to-equity ratio of 43.94. The firm has a market cap of $60.12 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 5.43 and a beta of 0.71. The business’s fifty day moving average price is $68.51 and its two-hundred day moving average price is $70.36. Colgate-Palmolive has a 52-week low of $60.96 and a 52-week high of $76.41.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.95 billion. Colgate-Palmolive had a return on equity of 6,492.71% and a net margin of 15.04%. Colgate-Palmolive’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. Equities research analysts anticipate that Colgate-Palmolive will post 2.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.43%. Colgate-Palmolive’s payout ratio is 57.91%.
Colgate-Palmolive Company Profile
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.
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