Investors bought shares of Colgate-Palmolive Co. (NYSE:CL) on weakness during trading hours on Wednesday. $51.88 million flowed into the stock on the tick-up and $24.27 million flowed out of the stock on the tick-down, for a money net flow of $27.61 million into the stock. Of all companies tracked, Colgate-Palmolive had the 30th highest net in-flow for the day. Colgate-Palmolive traded down ($0.79) for the day and closed at $74.08

A number of research analysts have weighed in on CL shares. Citigroup Inc. lifted their price target on shares of Colgate-Palmolive from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, April 14th. Zacks Investment Research lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. B. Riley reaffirmed a “neutral” rating and issued a $71.00 price target on shares of Colgate-Palmolive in a research note on Friday, April 29th. Morgan Stanley reiterated a “hold” rating on shares of Colgate-Palmolive in a report on Friday, April 29th. Finally, Goldman Sachs Group Inc. upgraded shares of Colgate-Palmolive from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $62.00 to $75.00 in a report on Monday, May 2nd. Fourteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $73.61.

The firm has a market capitalization of $66.04 billion and a P/E ratio of 47.70. The stock’s 50 day moving average price is $73.28 and its 200 day moving average price is $70.18.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm earned $3.85 billion during the quarter, compared to the consensus estimate of $3.86 billion. Colgate-Palmolive’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 earnings per share. Equities analysts forecast that Colgate-Palmolive Co. will post $2.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 22nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, July 20th.

In other Colgate-Palmolive news, COO Noel R. Wallace sold 8,931 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $72.06, for a total transaction of $643,567.86. Following the transaction, the chief operating officer now directly owns 155,822 shares in the company, valued at approximately $11,228,533.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Patricia Verduin sold 3,666 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $71.59, for a total value of $262,448.94. Following the transaction, the chief technology officer now owns 54,602 shares in the company, valued at $3,908,957.18. The disclosure for this sale can be found here.

A number of institutional investors recently modified their holdings of the stock. RidgeWorth Capital Management LLC boosted its position in shares of Colgate-Palmolive by 0.4% in the fourth quarter. RidgeWorth Capital Management LLC now owns 242,656 shares of the company’s stock valued at $16,166,000 after buying an additional 921 shares during the period. D L Carlson Investment Group Inc. boosted its position in shares of Colgate-Palmolive by 19.8% in the fourth quarter. D L Carlson Investment Group Inc. now owns 34,560 shares of the company’s stock valued at $2,302,000 after buying an additional 5,700 shares during the period. Schnieders Capital Management LLC boosted its position in shares of Colgate-Palmolive by 1.0% in the fourth quarter. Schnieders Capital Management LLC now owns 21,920 shares of the company’s stock valued at $1,460,000 after buying an additional 225 shares during the period. NewFocus Financial Group LLC boosted its position in shares of Colgate-Palmolive by 1.9% in the fourth quarter. NewFocus Financial Group LLC now owns 34,466 shares of the company’s stock valued at $2,296,000 after buying an additional 652 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Colgate-Palmolive by 4.5% in the fourth quarter. Private Advisor Group LLC now owns 48,537 shares of the company’s stock valued at $3,233,000 after buying an additional 2,093 shares during the period.

Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in over 200 countries and territories throughout the world. The Company’s segments include Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through over five geographic segments, which include North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia.

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