Colgate-Palmolive Company (NYSE:CL) Receives $98.92 Consensus Price Target from Analysts

Key Points

• Colgate-Palmolive has received an average analyst rating of "Moderate Buy", with twelve research firms covering the stock; analysts have an average price target of $98.92.
• The company reported earnings of $0.92 per share, exceeding analysts' expectations, and revenue of $5.11 billion for the most recent quarter, a 1% increase compared to the same quarter last year.
• Colgate-Palmolive announced a quarterly dividend of $0.52 per share, with a current annualized dividend yield of 2.4%.

Shares of Colgate-Palmolive Company (NYSE:CL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twelve research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $98.9167.

CL has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Wall Street Zen lowered Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Morgan Stanley lowered their price objective on Colgate-Palmolive from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Citigroup cut their price target on Colgate-Palmolive from $108.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Finally, UBS Group cut their target price on Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Westend Capital Management LLC boosted its position in Colgate-Palmolive by 111.1% during the first quarter. Westend Capital Management LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 140 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of Colgate-Palmolive by 85.5% in the 2nd quarter. Westside Investment Management Inc. now owns 282 shares of the company's stock valued at $26,000 after purchasing an additional 130 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of Colgate-Palmolive by 1,913.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 302 shares of the company's stock valued at $28,000 after purchasing an additional 287 shares during the period. Saudi Central Bank bought a new stake in Colgate-Palmolive during the 1st quarter worth approximately $29,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in Colgate-Palmolive by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company's stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company's stock.

Colgate-Palmolive Stock Performance

Shares of NYSE:CL traded down $0.88 during trading on Monday, reaching $83.57. The company had a trading volume of 2,287,850 shares, compared to its average volume of 5,197,013. The firm has a market capitalization of $67.54 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 4.38 and a beta of 0.35. The company has a debt-to-equity ratio of 6.79, a current ratio of 0.89 and a quick ratio of 0.57. The stock's fifty day moving average price is $87.32 and its 200 day moving average price is $89.86. Colgate-Palmolive has a fifty-two week low of $82.40 and a fifty-two week high of $109.30.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. Colgate-Palmolive's quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts predict that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a dividend of $0.52 per share. The ex-dividend date was Friday, July 18th. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. Colgate-Palmolive's dividend payout ratio (DPR) is 58.43%.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It 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.