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

Colgate-Palmolive Company (NYSE:CL) has earned an average rating of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $89.4375.

Several equities research analysts recently weighed in on CL shares. TD Cowen reduced their target price on shares of Colgate-Palmolive from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Bank of America reduced their price objective on Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. The Goldman Sachs Group decreased their price objective on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. JPMorgan Chase & Co. upped their target price on Colgate-Palmolive from $88.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Raymond James Financial decreased their price target on shares of Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. raised its stake in shares of Colgate-Palmolive by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 422,292 shares of the company’s stock worth $33,758,000 after acquiring an additional 16,017 shares during the last quarter. Cidel Asset Management Inc. raised its position in Colgate-Palmolive by 13.6% in the 2nd 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 last quarter. Vanguard Group Inc. lifted its holdings in Colgate-Palmolive by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 82,751,689 shares of the company’s stock worth $7,522,129,000 after buying an additional 993,432 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Colgate-Palmolive by 18.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 30,273 shares of the company’s stock valued at $2,752,000 after buying an additional 4,738 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Colgate-Palmolive by 15.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 400,137 shares of the company’s stock valued at $31,987,000 after buying an additional 52,261 shares during the period. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Trading Down 0.8%

Shares of CL stock opened at $84.72 on Thursday. The firm has a market capitalization of $68.29 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 5.79 and a beta of 0.30. Colgate-Palmolive has a 1 year low of $74.54 and a 1 year high of $100.18. The firm’s fifty day simple moving average is $79.75 and its 200 day simple moving average is $81.60. The company has a current ratio of 0.93, a quick ratio of 0.60 and a debt-to-equity ratio of 5.90.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. Colgate-Palmolive had a net margin of 14.47% and a return on equity of 333.39%. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period last year, the business posted $0.91 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, January 21st. Colgate-Palmolive’s payout ratio is 58.26%.

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.