Colgate-Palmolive Company (NYSE:CL) Receives $89.44 Consensus PT from Brokerages

Shares of Colgate-Palmolive Company (NYSE:CL) have been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $89.4375.

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $86.00 target price on Colgate-Palmolive in a report on Friday, October 10th. Jefferies Financial Group set a $85.00 price target on Colgate-Palmolive in a report on Tuesday, December 16th. UBS Group upped their target price on Colgate-Palmolive from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Piper Sandler set a $88.00 target price on Colgate-Palmolive and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Westside Investment Management Inc. lifted its stake in Colgate-Palmolive by 85.5% during the second quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares during the last quarter. Maseco LLP purchased a new stake in Colgate-Palmolive in the fourth quarter worth approximately $27,000. Copia Wealth Management purchased a new stake in Colgate-Palmolive in the third quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC grew its position in Colgate-Palmolive by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock valued at $30,000 after acquiring an additional 155 shares during the last quarter. Finally, Cloud Capital Management LLC purchased a new position in shares of Colgate-Palmolive during the third quarter worth approximately $30,000. 80.41% of the stock is owned by institutional investors.

Colgate-Palmolive Stock Performance

CL stock opened at $86.67 on Thursday. The business’s 50-day moving average price is $80.07 and its two-hundred day moving average price is $81.50. Colgate-Palmolive has a 1-year low of $74.54 and a 1-year high of $100.18. The company has a current ratio of 0.93, a quick ratio of 0.60 and a debt-to-equity ratio of 5.90. The firm has a market cap of $69.86 billion, a PE ratio of 24.28, a P/E/G ratio of 5.87 and a beta of 0.30.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.17 billion. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS. As a group, research analysts forecast that Colgate-Palmolive will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, January 21st. This represents a $2.08 annualized dividend and a dividend yield of 2.4%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 58.26%.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.