Colgate-Palmolive (NYSE:CL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Colgate-Palmolive (NYSE:CL) have earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $105.11.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and cut their target price for the company from $105.00 to $101.00 in a report on Monday, October 28th. UBS Group upped their target price on shares of Colgate-Palmolive from $119.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. StockNews.com raised Colgate-Palmolive from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Piper Sandler initiated coverage on Colgate-Palmolive in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $121.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Colgate-Palmolive from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, October 11th.

Insider Activity

In related news, CFO Stanley J. Sutula III sold 45,410 shares of Colgate-Palmolive stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $94.11, for a total transaction of $4,273,535.10. Following the completion of the transaction, the chief financial officer now directly owns 36,726 shares in the company, valued at $3,456,283.86. The trade was a 55.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Colgate-Palmolive

Hedge funds have recently bought and sold shares of the stock. Peapack Gladstone Financial Corp boosted its stake in shares of Colgate-Palmolive by 2.4% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 50,653 shares of the company’s stock worth $5,258,000 after purchasing an additional 1,203 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Colgate-Palmolive by 351.0% during the third quarter. Tidal Investments LLC now owns 284,568 shares of the company’s stock valued at $29,541,000 after buying an additional 221,469 shares during the period. Wilmington Savings Fund Society FSB boosted its position in Colgate-Palmolive by 125.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 51,333 shares of the company’s stock worth $5,329,000 after acquiring an additional 28,518 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Colgate-Palmolive in the 3rd quarter worth approximately $752,000. Finally, Sanctuary Advisors LLC raised its holdings in Colgate-Palmolive by 13.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 111,271 shares of the company’s stock valued at $10,562,000 after acquiring an additional 13,434 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Colgate-Palmolive Trading Down 0.2 %

NYSE:CL opened at $96.60 on Friday. The company has a market capitalization of $78.92 billion, a PE ratio of 27.68, a P/E/G ratio of 3.45 and a beta of 0.42. Colgate-Palmolive has a 52-week low of $75.50 and a 52-week high of $109.30. The stock’s 50 day moving average price is $97.38 and its 200 day moving average price is $98.58. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 9.46.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, October 18th. Colgate-Palmolive’s dividend payout ratio (DPR) is 57.31%.

About Colgate-Palmolive

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.