Colgate-Palmolive Target of Unusually High Options Trading (NYSE:CL)

Colgate-Palmolive Company (NYSE:CL) was the recipient of some unusual options trading on Thursday. Stock traders acquired 7,944 put options on the stock. This is an increase of approximately 71% compared to the average volume of 4,641 put options.

Institutional Trading of Colgate-Palmolive

A number of institutional investors have recently made changes to their positions in CL. Kemnay Advisory Services Inc. bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at about $25,000. CBIZ Investment Advisory Services LLC increased its position in shares of Colgate-Palmolive by 86.7% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. TD Capital Management LLC grew its stake in shares of Colgate-Palmolive by 61.4% in the fourth quarter. TD Capital Management LLC now owns 326 shares of the company’s stock valued at $26,000 after buying an additional 124 shares in the last quarter. Triumph Capital Management increased its holdings in Colgate-Palmolive by 62.9% during the fourth quarter. Triumph Capital Management now owns 329 shares of the company’s stock worth $26,000 after buying an additional 127 shares during the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in Colgate-Palmolive during the fourth quarter worth $26,000. Institutional investors own 80.41% of the company’s stock.

Colgate-Palmolive Stock Down 0.5%

Shares of NYSE:CL traded down $0.42 during midday trading on Thursday, reaching $89.53. 1,282,274 shares of the company were exchanged, compared to its average volume of 6,289,997. The firm has a market cap of $71.64 billion, a PE ratio of 34.83, a P/E/G ratio of 4.56 and a beta of 0.33. Colgate-Palmolive has a fifty-two week low of $74.54 and a fifty-two week high of $99.33. The stock has a fifty day simple moving average of $86.68 and a two-hundred day simple moving average of $86.17. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. As a group, sell-side analysts forecast that Colgate-Palmolive will post 3.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CL. TD Cowen restated a “hold” rating and set a $85.00 target price on shares of Colgate-Palmolive in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $99.00 price objective on shares of Colgate-Palmolive in a research note on Monday, May 4th. Piper Sandler lowered their target price on shares of Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $102.00 target price on shares of Colgate-Palmolive in a report on Monday, May 4th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Colgate-Palmolive in a research report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Colgate-Palmolive presently has an average rating of “Moderate Buy” and a consensus price target of $95.88.

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.