Savoir Faire Capital Management L.P. Acquires 15,735 Shares of Colgate-Palmolive Company $CL

Savoir Faire Capital Management L.P. increased its holdings in Colgate-Palmolive Company (NYSE:CL) by 183.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 24,333 shares of the company’s stock after purchasing an additional 15,735 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Colgate-Palmolive were worth $2,212,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Creekmur Asset Management LLC grew its stake in shares of Colgate-Palmolive by 20.6% during the 2nd quarter. Creekmur Asset Management LLC now owns 3,074 shares of the company’s stock valued at $279,000 after purchasing an additional 526 shares during the period. Simon Quick Advisors LLC grew its stake in shares of Colgate-Palmolive by 7.2% during the 2nd quarter. Simon Quick Advisors LLC now owns 11,922 shares of the company’s stock valued at $1,084,000 after purchasing an additional 805 shares during the period. Ledyard National Bank grew its stake in shares of Colgate-Palmolive by 5.3% during the 2nd quarter. Ledyard National Bank now owns 3,258 shares of the company’s stock valued at $296,000 after purchasing an additional 164 shares during the period. AdvisorShares Investments LLC grew its stake in shares of Colgate-Palmolive by 10.0% during the 2nd quarter. AdvisorShares Investments LLC now owns 5,172 shares of the company’s stock valued at $470,000 after purchasing an additional 472 shares during the period. Finally, Strs Ohio grew its stake in shares of Colgate-Palmolive by 5.6% during the 2nd quarter. Strs Ohio now owns 269,689 shares of the company’s stock valued at $24,515,000 after purchasing an additional 14,379 shares during the period. 80.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $86.00 price target on Colgate-Palmolive in a research note on Friday, October 10th. UBS Group lowered their price objective on Colgate-Palmolive from $99.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered their price objective on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Wells Fargo & Company lowered their price objective on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a research report on Thursday, September 25th. Finally, Citigroup lowered their price objective on Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Colgate-Palmolive Stock Up 1.1%

Shares of CL opened at $76.54 on Friday. The business’s 50 day moving average is $80.62 and its 200 day moving average is $86.51. The company has a market capitalization of $61.86 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 4.44 and a beta of 0.34. Colgate-Palmolive Company has a 12-month low of $75.38 and a 12-month high of $100.18. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.03 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. Research analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 17th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio (DPR) is 58.43%.

Colgate-Palmolive 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.