Colgate-Palmolive Company (NYSE:CL) has seen its stock price gain, or, so far in 2017. SunTrust Banks also issued estimates for Colgate-Palmolive's Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $3.15 EPS and FY2019 earnings at $3.48 EPS.
Checking in on the numbers for Colgate-Palmolive Company (CL), we have recently seen that the +DI is higher than the -DI. Finally, Citigroup Inc reaffirmed a "neutral" rating and set a $76.00 price objective (up from $75.00) on shares of Colgate-Palmolive Company in a research report on Friday, April 7th.
The average Wall Street analyst rating for Colgate-Palmolive Company is Hold, according to the average of 13 analyst scores. The stock of Colgate-Palmolive Company (NYSE:CL) earned "Hold" rating by Jefferies on Friday, July 21. Jefferies maintained the shares of CL in report on Thursday, July 6 with "Hold" rating. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company's stock. The brokerage now has a $74.00 target price on the stock.
Shares of Colgate-Palmolive (NYSE CL) traded up 0.58% during midday trading on Wednesday, reaching $75.16. The stock decreased 0.69% or $0.8 during the last trading session, reaching $115.45. Of those insider trades, 692 shares of Colgate-Palmolive Company were purchased and 817,723 shares were sold. The stock has a market capitalization of $66.64 billion, a P/E ratio of 27.23 and a beta of 0.70.
Colgate-Palmolive Co. (CL) now has a Return on Assets (ROA) value of 19.3 Percent.
An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.89 billion. Colgate-Palmolive Company had a return on equity of 4,897.09% and a net margin of 16.06%. Ameritas Investment Partners stated it has 0.08% of its portfolio in Colgate-Palmolive Company (NYSE:CL). During the same period previous year, the firm earned $0.63 earnings per share. Equities analysts forecast that Colgate-Palmolive Company will post $2.89 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be issued a $0.40 dividend.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.8 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The ex-dividend date of this dividend is Friday, October 20th. Colgate-Palmolive's payout ratio is 59.48%. Cullinan Associates Inc sold 102,167 shares as the company's stock rose 3.95% with the market. The shares were sold at an average price of $72.47, for a total transaction of $579,760.00. Following the completion of the transaction, the insider now directly owns 53,022 shares of the company's stock, valued at approximately $3,839,323.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
In related news, insider Patricia Verduin sold 3,833 shares of the firm's stock in a transaction that occurred on Monday, July 17th.
Taking a peek at some Moving Averages, the 200-day is at 71.95, and the 50-day is 71.91. Following the completion of the transaction, the insider now directly owns 53,022 shares in the company, valued at $3,908,781.84. The disclosure for this sale can be found here. Grimes & Company Inc sold 20,328 shares as Novo Nordisk A/S (Adr) (NVO)'s stock rose 15.20%.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Colgate-Palmolive by 0.6% in the first quarter. The Jane Street Group Llc holds 32,200 shares with $2.39 million value, down from 95,200 last quarter. Great West Life Assurance Can holds 691,866 shares or 0.14% of its portfolio. Principal Financial Group Inc. now owns 1,271,008 shares of the company's stock valued at $93,025,000 after buying an additional 7,905 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. Janney Montgomery Scott LLC boosted its position in Colgate-Palmolive Company by 5.4% in the first quarter. The fund owned 1,654,225 shares of the company's stock after selling 12,319 shares during the quarter. Stearns Fincl Service Grp stated it has 0.12% in Colgate-Palmolive Company (NYSE:CL). The Firm operates in two product divisions: Oral, Personal and Home Care, and Pet Nutrition.