Colgate-Palmolive Company (NYSE:CL) Given Average Recommendation of “Hold” by Brokerages

Shares of Colgate-Palmolive Company (NYSE:CL) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $100.58.

A number of equities research analysts recently weighed in on CL shares. Barclays boosted their price target on shares of Colgate-Palmolive from $86.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Wall Street Zen cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price target on Colgate-Palmolive from $103.00 to $99.00 and set an “overweight” rating on the stock in a research note on Friday, July 25th. Wells Fargo & Company boosted their price objective on Colgate-Palmolive from $83.00 to $88.00 and gave the company an “underweight” rating in a research note on Wednesday, April 2nd. Finally, UBS Group lowered their target price on shares of Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th.

Colgate-Palmolive Stock Down 1.3%

CL stock opened at $85.76 on Thursday. The company’s 50 day moving average is $89.91 and its two-hundred day moving average is $90.33. Colgate-Palmolive has a twelve month low of $85.32 and a twelve month high of $109.30. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 8.96. The stock has a market cap of $69.50 billion, a P/E ratio of 24.23, a PEG ratio of 4.48 and a beta of 0.37.

Colgate-Palmolive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, July 18th. Colgate-Palmolive’s payout ratio is 58.76%.

Hedge Funds Weigh In On Colgate-Palmolive

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in Colgate-Palmolive by 4.4% during the fourth quarter. Brighton Jones LLC now owns 10,578 shares of the company’s stock worth $962,000 after buying an additional 450 shares during the period. Bernard Wealth Management Corp. purchased a new stake in shares of Colgate-Palmolive during the 4th quarter worth approximately $36,000. Summit Financial LLC grew its holdings in shares of Colgate-Palmolive by 6.1% in the 4th quarter. Summit Financial LLC now owns 14,134 shares of the company’s stock worth $1,285,000 after acquiring an additional 807 shares during the period. Geode Capital Management LLC increased its stake in Colgate-Palmolive by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 20,518,014 shares of the company’s stock valued at $1,868,723,000 after purchasing an additional 324,683 shares in the last quarter. Finally, Groupama Asset Managment increased its stake in Colgate-Palmolive by 127.2% in the 4th quarter. Groupama Asset Managment now owns 31,767 shares of the company’s stock valued at $2,884,000 after purchasing an additional 17,788 shares in the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Company Profile

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.