Colgate-Palmolive Company (NYSE:CL) – Equities research analysts at KeyCorp decreased their Q3 2017 EPS estimates for shares of Colgate-Palmolive in a research note issued on Sunday. KeyCorp analyst J. Gere now forecasts that the company will post earnings per share of $0.71 for the quarter, down from their prior forecast of $0.75. KeyCorp also issued estimates for Colgate-Palmolive’s Q4 2017 earnings at $0.78 EPS, Q3 2018 earnings at $0.76 EPS and Q4 2018 earnings at $0.82 EPS.

Other analysts have also recently issued reports about the company. Bank of America Corporation upped their price target on Colgate-Palmolive from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Friday, April 7th. Jefferies Group LLC decreased their price objective on Colgate-Palmolive from $78.00 to $76.00 and set a “hold” rating for the company in a research report on Monday, May 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price objective on shares of Colgate-Palmolive in a research report on Monday, April 24th. Finally, Vetr lowered Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 price objective for the company. in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.83.

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Colgate-Palmolive (CL) opened at 72.05 on Wednesday. The firm has a market capitalization of $63.46 billion, a PE ratio of 26.77 and a beta of 0.80. Colgate-Palmolive has a one year low of $63.43 and a one year high of $77.27. The firm has a 50 day moving average of $74.56 and a 200 day moving average of $72.34.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in the stock. Chickasaw Capital Management LLC increased its stake in Colgate-Palmolive by 218.3% in the first quarter. Chickasaw Capital Management LLC now owns 16,920 shares of the company’s stock valued at $1,238,000 after buying an additional 11,605 shares during the last quarter. Meritage Portfolio Management increased its stake in Colgate-Palmolive by 0.3% in the first quarter. Meritage Portfolio Management now owns 95,879 shares of the company’s stock valued at $7,017,000 after buying an additional 255 shares during the last quarter. Eastern Bank increased its stake in Colgate-Palmolive by 0.8% in the first quarter. Eastern Bank now owns 10,939 shares of the company’s stock valued at $801,000 after buying an additional 89 shares during the last quarter. ProShare Advisors LLC increased its stake in Colgate-Palmolive by 9.9% in the first quarter. ProShare Advisors LLC now owns 879,652 shares of the company’s stock valued at $64,382,000 after buying an additional 79,323 shares during the last quarter. Finally, Lynch & Associates IN increased its stake in Colgate-Palmolive by 4.1% in the first quarter. Lynch & Associates IN now owns 29,542 shares of the company’s stock valued at $2,162,000 after buying an additional 1,175 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

In other Colgate-Palmolive news, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $72.41, for a total transaction of $277,547.53. Following the completion of the transaction, the insider now owns 53,022 shares of the company’s stock, valued at approximately $3,839,323.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John J. Huston sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $71.53, for a total value of $1,001,420.00. Following the transaction, the senior vice president now directly owns 102,838 shares of the company’s stock, valued at approximately $7,356,002.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,666 shares of company stock valued at $2,144,371. Insiders own 1.02% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Friday, July 14th. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 59.48%.

About Colgate-Palmolive

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.

Earnings History and Estimates for Colgate-Palmolive (NYSE:CL)

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