Colgate-Palmolive (NYSE:CL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Colgate-Palmolive (NYSE:CL) have been given a consensus recommendation of “Moderate Buy” by the twenty-two brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $105.11.

CL has been the topic of several analyst reports. HSBC reaffirmed a “hold” rating on shares of Colgate-Palmolive in a report on Friday, July 26th. Redburn Atlantic raised Colgate-Palmolive to a “hold” rating in a report on Thursday, August 1st. Sanford C. Bernstein lifted their price target on Colgate-Palmolive from $100.00 to $103.00 and gave the stock a “market perform” rating in a report on Tuesday, July 30th. Barclays upped their price objective on Colgate-Palmolive from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lowered Colgate-Palmolive from a “buy” rating to a “hold” rating and raised their price objective for the stock from $107.00 to $109.00 in a report on Monday, September 9th.

Insider Transactions at Colgate-Palmolive

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $94.11, for a total value of $4,273,535.10. Following the sale, the chief financial officer now directly owns 36,726 shares of the company’s stock, valued at approximately $3,456,283.86. This trade represents a 55.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in Colgate-Palmolive by 263.2% during the first quarter. Advisors Asset Management Inc. now owns 27,126 shares of the company’s stock worth $2,443,000 after buying an additional 19,657 shares in the last quarter. 1832 Asset Management L.P. raised its position in Colgate-Palmolive by 4,847.3% in the first quarter. 1832 Asset Management L.P. now owns 9,301 shares of the company’s stock worth $838,000 after purchasing an additional 9,113 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Colgate-Palmolive by 6.4% during the first quarter. Lazard Asset Management LLC now owns 957,259 shares of the company’s stock worth $86,201,000 after purchasing an additional 57,165 shares during the period. SVB Wealth LLC boosted its holdings in Colgate-Palmolive by 2.7% during the first quarter. SVB Wealth LLC now owns 34,883 shares of the company’s stock valued at $3,141,000 after purchasing an additional 920 shares in the last quarter. Finally, Paloma Partners Management Co grew its stake in shares of Colgate-Palmolive by 572.4% in the 1st quarter. Paloma Partners Management Co now owns 19,440 shares of the company’s stock valued at $1,751,000 after purchasing an additional 16,549 shares during the period. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Trading Up 0.7 %

CL opened at $94.91 on Friday. The company has a debt-to-equity ratio of 9.46, a current ratio of 1.04 and a quick ratio of 0.68. The stock has a market capitalization of $77.54 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 3.34 and a beta of 0.42. The business has a fifty day moving average price of $98.10 and a 200 day moving average price of $98.51. Colgate-Palmolive has a 12 month low of $75.50 and a 12 month high of $109.30.

Colgate-Palmolive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, October 18th. Colgate-Palmolive’s dividend payout ratio is currently 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.