Colgate-Palmolive Company (CL) Given Hold Rating at Jefferies Group LLC
Jefferies Group LLC restated their hold rating on shares of Colgate-Palmolive Company (NYSE:CL) in a report released on Thursday morning. Jefferies Group LLC currently has a $79.00 target price on the stock.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Colgate-Palmolive from a hold rating to a buy rating and set a $83.00 price target for the company in a research note on Tuesday, July 4th. Bank of America Corp boosted their price target on shares of Colgate-Palmolive from $78.00 to $80.00 and gave the company a buy rating in a research note on Wednesday, May 31st. Royal Bank Of Canada restated a hold rating and set a $74.00 price target on shares of Colgate-Palmolive in a research note on Thursday, May 25th. Vetr lowered shares of Colgate-Palmolive from a buy rating to a hold rating and set a $76.67 price target for the company. in a research note on Wednesday, May 17th. Finally, Deutsche Bank AG restated a hold rating and set a $75.00 price target on shares of Colgate-Palmolive in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Colgate-Palmolive currently has a consensus rating of Hold and a consensus price target of $75.82.
Shares of Colgate-Palmolive (NYSE:CL) traded up 0.76% during midday trading on Thursday, hitting $71.32. 1,117,516 shares of the company’s stock were exchanged. The company has a 50-day moving average of $72.05 and a 200-day moving average of $73.08. The firm has a market cap of $62.82 billion, a price-to-earnings ratio of 26.50 and a beta of 0.80. Colgate-Palmolive has a 52 week low of $63.43 and a 52 week high of $77.27.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. Colgate-Palmolive’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 EPS. Equities research analysts expect that Colgate-Palmolive will post $2.89 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Friday, July 14th. Colgate-Palmolive’s dividend payout ratio is 59.48%.
In related news, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $71.45, for a total value of $273,867.85. Following the transaction, the insider now directly owns 53,173 shares of the company’s stock, valued at approximately $3,799,210.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Franck J. Moison sold 35,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $71.52, for a total transaction of $2,503,200.00. Following the completion of the transaction, the insider now directly owns 201,411 shares in the company, valued at $14,404,914.72. The disclosure for this sale can be found here. Insiders have sold a total of 221,802 shares of company stock worth $15,983,976 over the last ninety days. Insiders own 1.02% of the company’s stock.
Institutional investors have recently modified their holdings of the company. American Beacon Advisors Inc. bought a new position in shares of Colgate-Palmolive during the first quarter worth $102,000. Proficio Capital Partners LLC increased its position in shares of Colgate-Palmolive by 16.9% in the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after buying an additional 207 shares during the period. OLD Second National Bank of Aurora bought a new position in shares of Colgate-Palmolive during the second quarter worth $109,000. Krilogy Financial LLC increased its position in shares of Colgate-Palmolive by 23.0% in the second quarter. Krilogy Financial LLC now owns 1,547 shares of the company’s stock worth $115,000 after buying an additional 289 shares during the period. Finally, Hanson & Doremus Investment Management increased its position in shares of Colgate-Palmolive by 4.5% in the second quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock worth $121,000 after buying an additional 70 shares during the period. 73.69% of the stock is currently owned by institutional investors.
Colgate-Palmolive Company Profile
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.
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