The stock of Colgate-Palmolive Company (NYSE:CL) last traded at $76.37, down -0.72% from the previous session.
Data from the available sources indicates that Colgate-Palmolive Company (NYSE:CL) is covered by 23 analysts. The consensus rating among analysts is ‘Overweight’. CL stock price is now 4.36% away from the 50-day moving average and -0.80% away from the 200-day moving average. The market capitalization of the company currently stands at $62.81B.
In total, 15 analysts have assigned it a hold rating, and 8 have given it a buy rating.
On October 13, 2022, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $79, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’.
In other news, Massey Sally, Chief Human Resources Officer sold 656 shares of the company’s stock on Sep 13. The stock was sold for $50,890 at an average price of $77.58. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 7,913 shares in the company, valued at $0.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29, Grp Pres, Growth & Strategy Parameswaran Prabha sold 48,778 shares of the business’s stock. A total of $3,843,565 was realized by selling the stock at an average price of $78.80. This leaves the insider owning 6,787 shares of the company worth $0.52 million. Insiders disposed of 577,891 shares of company stock worth roughly $44.13 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CL stock. A new stake in Colgate-Palmolive Company shares was purchased by TOMS CAPITAL INVESTMENT MANAGEMENT LP during the first quarter worth $363,620,000. FARMER STEVEN PATRICK invested $111,375,000 in shares of CL during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Colgate-Palmolive Company valued at approximately $48,789,000. DENDUR CAPITAL LP acquired a new stake in CL for approximately $33,603,000. PETRUS TRUST COMPANY, LTA purchased a new stake in CL valued at around $26,452,000 in the second quarter. In total, there are 2,177 active investors with 81.30% ownership of the company’s stock.
During the past 12 months, Colgate-Palmolive Company has had a low of $67.84 and a high of $85.61. As of last week, the company has a debt-to-equity ratio of 13.26, a current ratio of 1.20, and a quick ratio of 0.70. The fifty day moving average price for CL is $73.20 and a two-hundred day moving average price translates $76.96 for the stock.
The latest earnings results from Colgate-Palmolive Company (NYSE: CL) was released for Jun, 2022. According to the Household & Personal Products Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.71 by 0.01. This compares to $0.80 EPS in the same period last year. The net profit margin was 10.90% and return on equity was 448.40% for CL. The company reported revenue of $4.46 billion for the quarter, compared to $4.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.93 percent. For the current quarter, analysts expect CL to generate $4.47B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/15/2022. Investors who held shares on 10/21/2022 were paid a $0.47 dividend. On an annualized basis, this represents a $1.88 dividend and a 2.46% percent yield. There was an ex-dividend date of 10/20/2022 for this dividend.
Colgate-Palmolive Company(CL) Company Profile
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. This segment markets and sells its products under various brands, which include Colgate, Darlie, elmex, hello, meridol, Sorriso, Tom’s of Maine, Irish Spring, Palmolive, Protex, Sanex, Softsoap, Lady Speed Stick, Speed Stick, EltaMD, Filorga, PCA SKIN, Ajax, Axion, Fabuloso, Murphy, Suavitel, Soupline, and Cuddly to a range of traditional and eCommerce retailers, wholesalers, and distributors. It also includes pharmaceutical products for dentists and other oral health professionals. The Pet Nutrition segment offers pet nutrition products for everyday nutritional needs under the Hill’s Science Diet brand; and a range of therapeutic products to manage disease conditions in dogs and cats under the Hill’s Prescription Diet brand. This segment markets and sells its products through pet supply retailers, veterinarians, and eCommerce retailers. Colgate-Palmolive Company was founded in 1806 and is headquartered in New York, New York.