Societe Generale downgraded shares of Colgate-Palmolive (NYSE:CL) from a hold rating to a sell rating in a research note published on Wednesday, Marketbeat.com reports. The firm currently has $66.00 price objective on the stock. The analysts noted that the move was a valuation call.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Colgate-Palmolive from a hold rating to a buy rating and set a $80.00 price objective for the company in a report on Monday, September 25th. SunTrust Banks upgraded Colgate-Palmolive from a hold rating to a buy rating and upped their price objective for the company from $65.00 to $85.00 in a report on Wednesday, October 11th. KeyCorp reissued a hold rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. Royal Bank Of Canada reissued a hold rating and issued a $74.00 target price on shares of Colgate-Palmolive in a research note on Sunday, October 8th. Finally, Jefferies Group reissued a hold rating and issued a $79.00 target price on shares of Colgate-Palmolive in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. Colgate-Palmolive currently has an average rating of Hold and an average price target of $76.04.

Shares of Colgate-Palmolive (NYSE CL) opened at $73.04 on Wednesday. The company has a market capitalization of $63,618.72, a PE ratio of 25.24, a P/E/G ratio of 3.32 and a beta of 0.81. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 24.42. Colgate-Palmolive has a fifty-two week low of $63.43 and a fifty-two week high of $77.27.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, October 27th. The company reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.94 billion. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. equities analysts expect that Colgate-Palmolive will post 2.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. Colgate-Palmolive’s payout ratio is 61.78%.

In other news, insider Victoria L. Dolan sold 9,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $73.41, for a total transaction of $660,690.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Mukul Deoras sold 7,500 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $73.28, for a total value of $549,600.00. Following the transaction, the chief marketing officer now directly owns 45,217 shares of the company’s stock, valued at $3,313,501.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 173,673 shares of company stock valued at $12,629,293. Insiders own 1.02% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in Colgate-Palmolive by 6.4% during the first quarter. Pacer Advisors Inc. now owns 18,658 shares of the company’s stock valued at $1,366,000 after purchasing an additional 1,123 shares during the last quarter. Nordea Investment Management AB boosted its position in Colgate-Palmolive by 106.8% during the first quarter. Nordea Investment Management AB now owns 198,828 shares of the company’s stock valued at $14,552,000 after purchasing an additional 102,691 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in Colgate-Palmolive by 2.0% during the first quarter. Trust Co. of Toledo NA OH now owns 5,070 shares of the company’s stock valued at $371,000 after purchasing an additional 100 shares during the last quarter. Buckingham Capital Management Inc. boosted its position in Colgate-Palmolive by 15.8% during the first quarter. Buckingham Capital Management Inc. now owns 34,871 shares of the company’s stock valued at $2,552,000 after purchasing an additional 4,764 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Colgate-Palmolive by 99.6% during the first quarter. Private Advisor Group LLC now owns 121,545 shares of the company’s stock valued at $6,542,000 after purchasing an additional 60,652 shares during the last quarter. 73.22% of the stock is owned by institutional investors.

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About Colgate-Palmolive

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.

Analyst Recommendations for Colgate-Palmolive (NYSE:CL)

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