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

Shares of Colgate-Palmolive Company (NYSE:CL) have earned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $88.8125.

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Colgate-Palmolive in a research note on Wednesday, October 8th. Citigroup lowered their price objective on Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price objective on Colgate-Palmolive from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. The Goldman Sachs Group decreased their target price on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $86.00 price target on Colgate-Palmolive in a research note on Friday, October 10th.

Institutional Investors Weigh In On Colgate-Palmolive

Several hedge funds and other institutional investors have recently bought and sold shares of CL. Cidel Asset Management Inc. grew its holdings in Colgate-Palmolive by 13.6% in the second quarter. Cidel Asset Management Inc. now owns 329,060 shares of the company’s stock worth $29,912,000 after purchasing an additional 39,413 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Colgate-Palmolive by 18.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 30,273 shares of the company’s stock worth $2,752,000 after purchasing an additional 4,738 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Colgate-Palmolive by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 82,751,689 shares of the company’s stock worth $7,522,129,000 after purchasing an additional 993,432 shares in the last quarter. Welch Group LLC grew its stake in shares of Colgate-Palmolive by 1.5% in the 2nd quarter. Welch Group LLC now owns 665,041 shares of the company’s stock worth $60,452,000 after buying an additional 9,689 shares during the last quarter. Finally, Arista Wealth Management LLC bought a new position in Colgate-Palmolive during the 2nd quarter valued at approximately $571,000. 80.41% of the stock is owned by institutional investors.

Colgate-Palmolive Price Performance

Colgate-Palmolive stock opened at $79.73 on Friday. The stock’s 50 day moving average is $78.50 and its 200 day moving average is $82.69. Colgate-Palmolive has a one year low of $74.54 and a one year high of $100.18. The firm has a market cap of $64.26 billion, a P/E ratio of 22.33, a P/E/G ratio of 5.68 and a beta of 0.30. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60.

Colgate-Palmolive (NYSE:CL) last released 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 business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.17 billion. Colgate-Palmolive had a net margin of 14.47% and a return on equity of 333.39%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. As a group, research analysts expect that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, January 21st. Colgate-Palmolive’s payout ratio is presently 58.26%.

Colgate-Palmolive Company Profile

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.