Colgate-Palmolive Company (NYSE:CL) Receives $96.59 Average PT from Brokerages

Colgate-Palmolive Company (NYSE:CL) has been assigned a consensus rating of “Moderate Buy” from the nineteen research firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $97.4118.

A number of equities analysts recently issued reports on CL shares. Citigroup raised their price target on Colgate-Palmolive from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings raised Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wall Street Zen downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. The Goldman Sachs Group restated a “buy” rating on shares of Colgate-Palmolive in a research note on Friday, May 1st. Finally, Sanford C. Bernstein began coverage on Colgate-Palmolive in a report on Thursday, June 11th. They set a “market perform” rating and a $96.00 price target for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC purchased a new position in Colgate-Palmolive during the second quarter worth about $229,000. Tema ETFs LLC boosted its holdings in Colgate-Palmolive by 9.6% in the 2nd quarter. Tema ETFs LLC now owns 13,213 shares of the company’s stock valued at $1,211,000 after purchasing an additional 1,160 shares in the last quarter. Generali Investments Management Co LLC increased its position in Colgate-Palmolive by 22.9% during the 2nd quarter. Generali Investments Management Co LLC now owns 25,401 shares of the company’s stock worth $2,329,000 after purchasing an additional 4,736 shares during the period. E. Ohman J or Asset Management AB increased its position in Colgate-Palmolive by 14.8% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 564,311 shares of the company’s stock worth $51,736,000 after purchasing an additional 72,576 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Colgate-Palmolive by 6.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 332,176 shares of the company’s stock worth $30,454,000 after buying an additional 18,816 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Stock Down 1.1%

CL stock opened at $91.93 on Thursday. The company has a market cap of $73.56 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 4.90 and a beta of 0.33. The company has a fifty day moving average price of $90.56 and a 200 day moving average price of $88.69. The company has a debt-to-equity ratio of 16.33, a current ratio of 1.02 and a quick ratio of 0.67. Colgate-Palmolive has a 12 month low of $74.54 and a 12 month high of $99.33.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period last year, the firm posted $0.91 EPS. Colgate-Palmolive’s revenue for the quarter was up 8.4% on a year-over-year basis. Sell-side analysts expect that Colgate-Palmolive will post 3.81 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, July 20th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, July 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is 82.49%.

About Colgate-Palmolive

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.