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

Colgate-Palmolive Company (NYSE:CL) has been given an average recommendation of “Moderate Buy” by the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $89.4375.

Several research analysts have weighed in on the stock. Wells Fargo & Company set a $86.00 price objective on shares of Colgate-Palmolive and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Jefferies Financial Group set a $85.00 price target on shares of Colgate-Palmolive in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $86.00 price objective on Colgate-Palmolive in a report on Friday, October 10th. Morgan Stanley lowered their target price on Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada raised Colgate-Palmolive from a “sector perform” rating to an “outperform” rating and set a $88.00 price target for the company in a research note on Tuesday, December 9th.

Institutional Trading of Colgate-Palmolive

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Colgate-Palmolive during the 2nd quarter worth $960,390,000. Schroder Investment Management Group increased its stake in shares of Colgate-Palmolive by 242.3% in the second quarter. Schroder Investment Management Group now owns 5,324,115 shares of the company’s stock worth $483,962,000 after purchasing an additional 3,768,784 shares during the period. Pacer Advisors Inc. lifted its position in shares of Colgate-Palmolive by 3,052.2% during the 3rd quarter. Pacer Advisors Inc. now owns 2,697,047 shares of the company’s stock worth $215,602,000 after purchasing an additional 2,611,485 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Colgate-Palmolive by 46.7% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 8,077,549 shares of the company’s stock valued at $645,719,000 after purchasing an additional 2,572,796 shares during the period. Finally, Amundi grew its holdings in Colgate-Palmolive by 41.6% in the 3rd quarter. Amundi now owns 6,294,445 shares of the company’s stock valued at $487,505,000 after buying an additional 1,850,412 shares during the last quarter. 80.41% of the stock is owned by institutional investors.

Colgate-Palmolive Trading Down 0.8%

Shares of NYSE CL opened at $84.72 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.60 and a debt-to-equity ratio of 5.90. Colgate-Palmolive has a one year low of $74.54 and a one year high of $100.18. The business has a 50-day moving average price of $79.75 and a two-hundred day moving average price of $81.60. The firm has a market capitalization of $68.29 billion, a PE ratio of 23.73, a PEG ratio of 5.79 and a beta of 0.30.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.17 billion. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. As a group, analysts predict that Colgate-Palmolive will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, January 21st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 58.26%.

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.