Colgate-Palmolive Co. Hits New 52-Week High at $63.63 (CL)
Colgate-Palmolive (NYSE:CL)’s share price reached a new 52-week high during trading on Thursday, Analyst Ratings Network reports. The stock traded as high as $63.63 and last traded at $63.32, with a volume of 3,654,974 shares traded. The stock had previously closed at $62.28.
CL has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Colgate-Palmolive from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, September 30th. They now have a $68.00 price target on the stock, up previously from $59.93. They noted that the move was a valuation call. Separately, analysts at Barclays upgraded shares of Colgate-Palmolive from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, September 18th. They now have a $65.00 price target on the stock, up previously from $59.00. Finally, analysts at BNP Paribas initiated coverage on shares of Colgate-Palmolive in a research note to investors on Wednesday, September 11th. They set a “neutral” rating and a $62.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $84.26.
In other Colgate-Palmolive news, Insider Andrew Hendry unloaded 6,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $59.35, for a total transaction of $356,100.00. Following the transaction, the insider now directly owns 192,547 shares of the company’s stock, valued at approximately $11,427,664. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Colgate-Palmolive has a 52-week low of $51.41 and a 52-week high of $62.70. The stock has a 50-day moving average of $59.5 and a 200-day moving average of $59.38. The company has a market cap of $58.824 billion and a price-to-earnings ratio of 25.98.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Thursday, July 25th. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the company posted $1.33 earnings per share. Colgate-Palmolive’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Colgate-Palmolive will post $2.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, October 18th.
Colgate-Palmolive Company (NYSE:CL) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world.
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