In yesterday’s Wall Street session, Colgate-Palmolive Company (NYSE:CL) shares traded at $74.42, down -0.29% from the previous session.
As of this writing, 20 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 $98.00 and a low of $68.00, we find $85.00. Given the previous closing price of $74.64, this indicates a potential upside of 13.88 percent. CL stock price is now -2.63% away from the 50-day moving average and -2.23% away from the 200-day moving average. The market capitalization of the company currently stands at $61.03B.
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There are 12 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $85.40 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, Kooyman John W, Chief of Staff sold 21,677 shares of the company’s stock on Aug 02. The stock was sold for $1,684,062 at an average price of $77.69. Upon completion of the transaction, the Chief of Staff now directly owns 6,384 shares in the company, valued at $0.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19, CLO and Secretary Daniels Jennifer sold 24,703 shares of the business’s stock. A total of $1,968,930 was realized by selling the stock at an average price of $79.70. This leaves the insider owning 52,769 shares of the company worth $3.93 million. Insiders disposed of 380,778 shares of company stock worth roughly $28.34 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 $42,657,000. SCOPUS ASSET MANAGEMENT, L.P. invested $30,140,000 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 $18,419,000. CIDEL ASSET MANAGEMENT INC acquired a new stake in CL for approximately $17,639,000. ADAMS DIVERSIFIED EQUITY FUND, INC. purchased a new stake in CL valued at around $11,796,000 in the second quarter. In total, there are 2,232 active investors with 81.30% ownership of the company’s stock.
Wednesday morning saw Colgate-Palmolive Company (NYSE: CL) opened at $74.77. 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 $69.69B, which is based on a 41.51 price-to-earnings ratio, a 5.24 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for CL is $76.40 and a two-hundred day moving average price translates $76.13 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 $0.77, beating analysts’ expectations of $0.75 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 $4.83B 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 2.58% 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%.
