Colgate-Palmolive (NYSE:CL) Receives $91.44 Consensus Target Price from Brokerages

Shares of Colgate-Palmolive (NYSE:CL) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $91.44.

A number of research firms have weighed in on CL. Wells Fargo & Company raised their price objective on shares of Colgate-Palmolive from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th. Raymond James raised Colgate-Palmolive from a “market perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Monday, January 29th. UBS Group raised their target price on Colgate-Palmolive from $93.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 29th. Stifel Nicolaus lifted their target price on Colgate-Palmolive from $94.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, Morgan Stanley increased their price target on Colgate-Palmolive from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, January 29th.

Insider Activity at Colgate-Palmolive

In other Colgate-Palmolive news, insider Jennifer Daniels sold 5,790 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $83.96, for a total transaction of $486,128.40. Following the sale, the insider now owns 63,236 shares of the company’s stock, valued at approximately $5,309,294.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider John W. Kooyman sold 3,497 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $93.47, for a total value of $326,864.59. Following the completion of the transaction, the insider now directly owns 3,181 shares in the company, valued at $297,328.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Daniels sold 5,790 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $83.96, for a total transaction of $486,128.40. Following the transaction, the insider now directly owns 63,236 shares of the company’s stock, valued at approximately $5,309,294.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 162,545 shares of company stock worth $13,663,710. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of Colgate-Palmolive

A number of hedge funds have recently made changes to their positions in CL. Dorsey & Whitney Trust CO LLC raised its stake in shares of Colgate-Palmolive by 32.8% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 3,635 shares of the company’s stock worth $327,000 after acquiring an additional 898 shares in the last quarter. Wilkins Investment Counsel Inc. grew its holdings in shares of Colgate-Palmolive by 45.6% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 107,240 shares of the company’s stock valued at $9,657,000 after purchasing an additional 33,580 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Colgate-Palmolive by 10.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 14,088 shares of the company’s stock worth $1,269,000 after purchasing an additional 1,285 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Colgate-Palmolive by 12.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,745 shares of the company’s stock worth $99,392,000 after purchasing an additional 126,456 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its position in Colgate-Palmolive by 9.2% during the first quarter. Angeles Wealth Management LLC now owns 24,784 shares of the company’s stock valued at $2,232,000 after buying an additional 2,086 shares during the period. 80.41% of the stock is owned by institutional investors.

Colgate-Palmolive Stock Up 0.7 %

CL stock opened at $94.09 on Tuesday. The stock’s 50 day simple moving average is $88.78 and its 200 day simple moving average is $82.71. The company has a market cap of $77.20 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 3.43 and a beta of 0.40. The company has a debt-to-equity ratio of 13.21, a quick ratio of 0.70 and a current ratio of 1.06. Colgate-Palmolive has a fifty-two week low of $67.62 and a fifty-two week high of $94.40.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, April 26th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Colgate-Palmolive had a return on equity of 485.40% and a net margin of 13.22%. The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. Colgate-Palmolive’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts expect that Colgate-Palmolive will post 3.52 earnings per share for the current fiscal year.

Colgate-Palmolive Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, April 22nd will be paid a $0.50 dividend. This is an increase from Colgate-Palmolive’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, April 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.13%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 63.29%.

About Colgate-Palmolive

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It 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.