Brokerages Set Colgate-Palmolive (NYSE:CL) Target Price at $84.93

Shares of Colgate-Palmolive (NYSE:CLGet Free Report) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $86.93.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Colgate-Palmolive from $80.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup dropped their price objective on Colgate-Palmolive from $92.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, October 11th. Bank of America raised Colgate-Palmolive from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Friday, December 15th. Morgan Stanley boosted their price objective on Colgate-Palmolive from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Stifel Nicolaus raised Colgate-Palmolive from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $85.00 to $81.00 in a report on Monday, October 16th.

Read Our Latest Stock Analysis on Colgate-Palmolive

Insider Buying and Selling

In related news, insider John W. Kooyman sold 3,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $75.11, for a total transaction of $225,330.00. Following the completion of the transaction, the insider now directly owns 5,347 shares in the company, valued at $401,613.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider John W. Kooyman sold 3,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $75.11, for a total transaction of $225,330.00. Following the completion of the transaction, the insider now directly owns 5,347 shares in the company, valued at approximately $401,613.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Panagiotis Tsourapas sold 15,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $77.83, for a total transaction of $1,167,450.00. Following the transaction, the insider now owns 12,371 shares of the company’s stock, valued at $962,834.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,129 shares of company stock worth $2,164,908. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Colgate-Palmolive

A number of large investors have recently modified their holdings of CL. Geode Capital Management LLC raised its position in Colgate-Palmolive by 2.9% during the second quarter. Geode Capital Management LLC now owns 17,955,146 shares of the company’s stock worth $1,380,210,000 after acquiring an additional 497,852 shares in the last quarter. Morgan Stanley increased its holdings in shares of Colgate-Palmolive by 3.2% in the third quarter. Morgan Stanley now owns 16,815,987 shares of the company’s stock valued at $1,195,785,000 after purchasing an additional 514,559 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Colgate-Palmolive by 90,253.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,974,451 shares of the company’s stock worth $1,258,627,000 after buying an additional 15,956,771 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Colgate-Palmolive by 0.5% during the 1st quarter. Northern Trust Corp now owns 10,470,409 shares of the company’s stock worth $793,971,000 after buying an additional 50,040 shares during the period. Finally, Norges Bank acquired a new stake in Colgate-Palmolive during the fourth quarter worth approximately $644,715,000. 78.36% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Price Performance

Shares of CL stock opened at $84.23 on Friday. Colgate-Palmolive has a 52 week low of $67.62 and a 52 week high of $84.59. The stock has a market capitalization of $69.35 billion, a PE ratio of 30.30, a PEG ratio of 3.20 and a beta of 0.44. The company has a debt-to-equity ratio of 21.40, a quick ratio of 0.26 and a current ratio of 0.41. The stock’s fifty day moving average is $79.34 and its 200-day moving average is $75.86.

Colgate-Palmolive (NYSE:CLGet Free Report) last posted its quarterly earnings data on Friday, January 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. Colgate-Palmolive had a net margin of 11.82% and a return on equity of 509.75%. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the company posted $0.77 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that Colgate-Palmolive will post 3.47 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 22nd will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, January 19th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.28%. Colgate-Palmolive’s payout ratio is presently 69.06%.

About Colgate-Palmolive

(Get Free Report

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.

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Analyst Recommendations for Colgate-Palmolive (NYSE:CL)

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