In yesterday’s Wall Street session, Colgate-Palmolive Company (NYSE:CL) shares traded at $75.58, down -1.13% from the previous session.
As of this writing, 22 analysts cover Colgate-Palmolive Company (NYSE:CL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $96.00 and a low of $67.00, we find $85.00. Given the previous closing price of $76.44, this indicates a potential upside of 11.2 percent. CL stock price is now -2.41% away from the 50-day moving average and 0.07% away from the 200-day moving average. The market capitalization of the company currently stands at $62.22B.
There are 13 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $85.58 as their price target over the next twelve months.
With the price target of $84, Citigroup recently initiated with Buy rating for Colgate-Palmolive Company (NYSE: CL).
In other news, Daniels Jennifer, CLO and Secretary sold 24,703 shares of the company’s stock on May 19. The stock was sold for $1,968,930 at an average price of $79.70. Upon completion of the transaction, the CLO and Secretary now directly owns 52,769 shares in the company, valued at $3.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, Chief Human Resources Officer Massey Sally sold 14,594 shares of the business’s stock. A total of $1,190,141 was realized by selling the stock at an average price of $81.55. This leaves the insider owning 8,615 shares of the company worth $0.65 million. Insiders disposed of 540,222 shares of company stock worth roughly $40.83 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 NEKTON CAPITAL LTD. during the first quarter worth $51,688,000. VIKING GLOBAL INVESTORS LP invested $49,936,000 in shares of CL during the first quarter. In the first quarter, EMPOWER ADVISORY GROUP, LLC acquired a new stake in Colgate-Palmolive Company valued at approximately $13,769,000. SUMMIT WEALTH GROUP, LLC acquired a new stake in CL for approximately $12,041,000. OFI INVEST ASSET MANAGEMENT purchased a new stake in CL valued at around $10,848,000 in the second quarter. In total, there are 2,232 active investors with 81.30% ownership of the company’s stock.
Monday morning saw Colgate-Palmolive Company (NYSE: CL) opened at $76.29. During the past 12 months, Colgate-Palmolive Company has had a low of $67.84 and a high of $83.81. According to the stock market information, the enterprise value for the company is $70.74B, which is based on a 39.61 price-to-earnings ratio, a 5.67 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for CL is $77.33 and a two-hundred day moving average price translates $75.54 for the stock.
The latest earnings results from Colgate-Palmolive Company (NYSE: CL) was released for Mar, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.73, beating analysts’ expectations of $0.7 by 0.03. This compares to $0.71 EPS in the same period last year. The net profit margin was 8.70% and return on equity was 539.40% for CL. The company reported revenue of $4.77 billion for the quarter, compared to $4.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.43 percent. For the current quarter, analysts expect CL to generate $4.68B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 07/21/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $1.92 dividend and a 2.54% percent yield. There was an ex-dividend date of 07/20/2023 for this dividend. In terms of dividend payout ratio, CL is presently at 98.20%.
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.
