Colgate-Palmolive Company (NYSE:CL) Receives Average Rating of “Moderate Buy” from Brokerages

Colgate-Palmolive Company (NYSE:CL) has been given an average rating of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $98.9167.

Several analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Colgate-Palmolive from $88.00 to $83.00 and set an “underweight” rating on the stock in a research report on Monday, August 4th. Citigroup cut their price objective on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. cut their price objective on shares of Colgate-Palmolive from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. UBS Group lowered their target price on Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Finally, Barclays raised their target price on Colgate-Palmolive from $86.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th.

Institutional Trading of Colgate-Palmolive

Large investors have recently added to or reduced their stakes in the business. Personal CFO Solutions LLC acquired a new position in shares of Colgate-Palmolive during the 1st quarter valued at $285,000. Vision Capital Management Inc. acquired a new position in shares of Colgate-Palmolive during the 1st quarter valued at $322,000. Autumn Glory Partners LLC increased its position in shares of Colgate-Palmolive by 67.4% during the 1st quarter. Autumn Glory Partners LLC now owns 8,905 shares of the company’s stock valued at $851,000 after purchasing an additional 3,586 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in shares of Colgate-Palmolive during the 1st quarter valued at $2,166,000. Finally, Penserra Capital Management LLC increased its position in shares of Colgate-Palmolive by 398.6% during the 1st quarter. Penserra Capital Management LLC now owns 10,651 shares of the company’s stock valued at $997,000 after purchasing an additional 8,515 shares during the period. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Trading Down 0.6%

NYSE:CL opened at $85.7790 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 6.79. The business’s 50 day moving average is $87.60 and its two-hundred day moving average is $89.96. Colgate-Palmolive has a 52 week low of $82.40 and a 52 week high of $109.30. The company has a market cap of $69.33 billion, a PE ratio of 24.10, a P/E/G ratio of 4.47 and a beta of 0.35.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the business posted $0.91 EPS. Colgate-Palmolive’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, July 18th. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 58.43%.

About Colgate-Palmolive

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.