Colgate-Palmolive Company [NYSE: CL] gained 0.59% or 0.48 points to close at $82.43 with a heavy trading volume of 3211481 shares. The company report on June 11, 2021 that Colgate Declares Regular Quarterly Dividend.
The Board of Directors of Colgate-Palmolive Company (NYSE:CL) declared a quarterly cash dividend of $0.45 per common share, payable on August 16, 2021 to shareholders of record as of July 21, 2021. The Company has paid uninterrupted dividends on its common stock since 1895.
It opened the trading session at $81.81, the shares rose to $82.65 and dropped to $81.47, the range by which the price of stock traded the whole day. The daily chart for CL points out that the company has recorded -2.74% loss over the past six months. However, it is still -15.76% lower than its most recent low trading price.
If we look at the average trading volume of 4.27M shares, CL reached to a volume of 3211481 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Colgate-Palmolive Company [CL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CL shares is $85.49 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CL stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Colgate-Palmolive Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 09, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $70 to $80. The new note on the price target was released on February 01, 2021, representing the official price target for Colgate-Palmolive Company stock. Previously, the target price had yet another raise to $83, while Stifel analysts kept a Hold rating on CL stock.
The Average True Range (ATR) for Colgate-Palmolive Company is set at 1.14, with the Price to Sales ratio for CL stock in the period of the last 12 months amounting to 4.17. The Price to Book ratio for the last quarter was 265.90, with the Price to Cash per share for the same quarter was set at 1.25. Price to Free Cash Flow for CL in the course of the last twelve months was 47.84 with Quick ratio for the last quarter at 0.60.
Trading performance analysis for CL stock
Colgate-Palmolive Company [CL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.40. With this latest performance, CL shares dropped by -0.82% in over the last four-week period, additionally sinking by -2.74% over the last 6 months – not to mention a rise of 11.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CL stock in for the last two-week period is set at 46.63, with the RSI for the last a single of trading hit 42.08, and the three-weeks RSI is set at 49.82 for Colgate-Palmolive Company [CL]. The present Moving Average for the last 50 days of trading for this stock 82.07, while it was recorded at 82.94 for the last single week of trading, and 80.52 for the last 200 days.
Colgate-Palmolive Company [CL]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Colgate-Palmolive Company [CL] shares currently have an operating margin of +23.74 and a Gross Margin at +60.31. Colgate-Palmolive Company’s Net Margin is presently recorded at +16.36.
Return on Total Capital for CL is now 42.61, given the latest momentum, and Return on Invested Capital for the company is 32.68. Return on Equity for this stock inclined to 626.74, with Return on Assets sitting at 17.41. When it comes to the capital structure of this company, Colgate-Palmolive Company [CL] has a Total Debt to Total Equity ratio set at 1,105.52. Additionally, CL Total Debt to Total Capital is recorded at 91.70, with Total Debt to Total Assets ending up at 51.60. Long-Term Debt to Equity for the company is recorded at 1,051.14, with the Long-Term Debt to Total Capital now at 87.19.
Reflecting on the efficiency of the workforce at the company, Colgate-Palmolive Company [CL] managed to generate an average of $78,801 per employee. Receivables Turnover for the company is 12.18 with a Total Asset Turnover recorded at a value of 1.06.Colgate-Palmolive Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.00.
Colgate-Palmolive Company [CL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Colgate-Palmolive Company posted 0.74/share EPS, while the average EPS was predicted by analysts to be reported at 0.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Colgate-Palmolive Company go to 7.89%.
An analysis of insider ownership at Colgate-Palmolive Company [CL]
There are presently around $54,035 million, or 79.90% of CL stock, in the hands of institutional investors. The top three institutional holders of CL stocks are: VANGUARD GROUP INC with ownership of 74,338,221, which is approximately -1.743% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 61,053,242 shares of the stock with an approximate value of $5.03 billion in CL stocks shares; and STATE STREET CORP, currently with $3.97 billion in CL stock with ownership of nearly -4.544% of the company’s market capitalization.
Positions in Colgate-Palmolive Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 669 institutional holders increased their position in Colgate-Palmolive Company [NYSE:CL] by around 45,487,189 shares. Additionally, 768 investors decreased positions by around 56,512,166 shares, while 326 investors held positions by with 553,528,171 shares. The mentioned changes placed institutional holdings at 655,527,526 shares, according to the latest SEC report filing. CL stock had 114 new institutional investments in for a total of 2,974,936 shares, while 143 institutional investors sold positions of 2,955,813 shares during the same period.