Citigroup Inc reaffirmed their neutral rating on shares of Colgate-Palmolive Company (NYSE:CL) in a research note published on Friday. They currently have a $76.00 price target on the stock, up from their prior price target of $75.00.
A number of other research firms also recently weighed in on CL. Royal Bank of Canada reiterated a hold rating and set a $74.00 target price on shares of Colgate-Palmolive Company in a research report on Thursday, March 23rd. Zacks Investment Research upgraded Colgate-Palmolive Company from a sell rating to a hold rating in a research report on Friday, March 24th. JPMorgan Chase & Co. began coverage on Colgate-Palmolive Company in a research report on Tuesday, March 21st. They set a neutral rating and a $77.00 price objective for the company. BNP Paribas upgraded Colgate-Palmolive Company from a neutral rating to an outperform rating in a research report on Tuesday, February 21st. Finally, Vetr downgraded Colgate-Palmolive Company from a hold rating to a sell rating and set a $69.00 price objective for the company. in a research report on Monday, February 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $75.00.
Colgate-Palmolive Company (NYSE:CL) traded down 0.061% during midday trading on Friday, reaching $73.135. 1,844,928 shares of the company’s stock traded hands. Colgate-Palmolive Company has a 52 week low of $63.43 and a 52 week high of $75.38. The stock has a market capitalization of $64.57 billion, a price-to-earnings ratio of 26.888 and a beta of 0.70. The company’s 50-day moving average price is $73.66 and its 200 day moving average price is $69.69.
Colgate-Palmolive Company (NYSE:CL) last released its earnings results on Friday, January 27th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The firm earned $3.72 billion during the quarter, compared to the consensus estimate of $3.87 billion. Colgate-Palmolive Company had a return on equity of 4,897.09% and a net margin of 16.06%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. On average, equities research analysts expect that Colgate-Palmolive Company will post $2.93 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 19th. This represents a $1.60 annualized dividend and a yield of 2.19%. This is a boost from Colgate-Palmolive Company’s previous quarterly dividend of $0.39. Colgate-Palmolive Company’s dividend payout ratio (DPR) is currently 57.35%.
In other Colgate-Palmolive Company news, insider Patricia Verduin sold 3,833 shares of the stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $73.72, for a total value of $282,568.76. Following the transaction, the insider now owns 53,022 shares in the company, valued at $3,908,781.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen I. Sadove sold 8,000 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $66.00, for a total value of $528,000.00. Following the completion of the transaction, the director now owns 33,761 shares in the company, valued at approximately $2,228,226. The disclosure for this sale can be found here. Insiders have sold 25,833 shares of company stock valued at $1,846,149 in the last ninety days. 1.05% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its position in Colgate-Palmolive Company by 200.6% in the third quarter. Quadrant Capital Group LLC now owns 1,485 shares of the company’s stock worth $103,000 after buying an additional 991 shares in the last quarter. Advantage Investment Management LLC bought a new position in Colgate-Palmolive Company during the fourth quarter worth $104,000. Norway Savings Bank bought a new position in Colgate-Palmolive Company during the fourth quarter worth $110,000. Bruderman Asset Management LLC raised its position in Colgate-Palmolive Company by 0.3% in the third quarter. Bruderman Asset Management LLC now owns 1,556 shares of the company’s stock worth $115,000 after buying an additional 4 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in Colgate-Palmolive Company during the third quarter worth $118,000. Institutional investors own 73.24% of the company’s stock.
Colgate-Palmolive Company Company Profile
Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.
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