The stock of Colgate-Palmolive Company (NYSE:CL) last traded at $73.22, down -0.73% from the previous session.
Data from the available sources indicates that Colgate-Palmolive Company (NYSE:CL) is covered by 21 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $98.00 and a low of $68.00, we find $85.00. Given the previous closing price of $73.76, this indicates a potential upside of 15.24 percent. CL stock price is now -2.36% away from the 50-day moving average and -3.56% away from the 200-day moving average. The market capitalization of the company currently stands at $60.77B.
In total, 12 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $85.22 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, Wallace Noel R., Chairman, President & CEO sold 48,627 shares of the company’s stock on Sep 11. The stock was sold for $3,567,982 at an average price of $73.37. Upon completion of the transaction, the Chairman, President & CEO now directly owns 246,969 shares in the company, valued at $18.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11, CLO and Secretary Daniels Jennifer sold 24,704 shares of the business’s stock. A total of $1,811,016 was realized by selling the stock at an average price of $73.31. This leaves the insider owning 52,813 shares of the company worth $3.87 million. Insiders disposed of 352,743 shares of company stock worth roughly $25.83 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 UNISUPER MANAGEMENT PTY LTD during the first quarter worth $41,969,000. SCOPUS ASSET MANAGEMENT, L.P. invested $29,654,000 in shares of CL during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Colgate-Palmolive Company valued at approximately $18,122,000. CIDEL ASSET MANAGEMENT INC acquired a new stake in CL for approximately $17,355,000. ADAMS DIVERSIFIED EQUITY FUND, INC. purchased a new stake in CL valued at around $11,605,000 in the second quarter.
With an opening price of $73.85 on Thursday morning, Colgate-Palmolive Company (NYSE: CL) set off the trading day. During the past 12 months, Colgate-Palmolive Company has had a low of $67.84 and a high of $82.09. According to the stock market information, the enterprise value for the company is $68.70B, which is based on a 40.84 price-to-earnings ratio, a 5.15 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for CL is $74.95 and a two-hundred day moving average price translates $75.90 for the stock.
The latest earnings results from Colgate-Palmolive Company (NYSE: CL) was released for Jun, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.7 by 0.02. This compares to $0.76 EPS in the same period last year. The net profit margin was 8.00% and return on equity was 628.30% for CL. The company reported revenue of $4.82 billion for the quarter, compared to $4.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.54 percent. For the current quarter, analysts expect CL to generate $4.51B 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 2.62% 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 105.10%.
