Colgate-Palmolive (NYSE:CL) Given New $93.00 Price Target at Stifel Nicolaus

Colgate-Palmolive (NYSE:CL) had its price objective reduced by Stifel Nicolaus from $95.00 to $93.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

CL has been the topic of a number of other reports. Morgan Stanley lowered their price objective on shares of Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company lowered their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. UBS Group cut their price target on shares of Colgate-Palmolive from $112.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, January 16th. StockNews.com lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, JPMorgan Chase & Co. cut their target price on Colgate-Palmolive from $109.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Colgate-Palmolive presently has an average rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Trading Up 0.4 %

NYSE CL opened at $87.05 on Monday. The firm’s fifty day moving average is $91.35 and its two-hundred day moving average is $97.15. Colgate-Palmolive has a one year low of $82.68 and a one year high of $109.30. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.26 and a current ratio of 0.41. The firm has a market cap of $71.12 billion, a PE ratio of 24.73, a P/E/G ratio of 3.61 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same period in the previous year, the firm posted $0.87 EPS. Analysts expect that Colgate-Palmolive will post 3.74 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. Colgate-Palmolive’s dividend payout ratio is currently 56.82%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new position in shares of Colgate-Palmolive in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in Colgate-Palmolive in the 4th quarter valued at $32,000. Hager Investment Management Services LLC purchased a new position in shares of Colgate-Palmolive during the 4th quarter worth $36,000. Reston Wealth Management LLC acquired a new stake in shares of Colgate-Palmolive during the third quarter worth $42,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Colgate-Palmolive in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

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.