Pounding the Pavement on Shares of Colgate-Palmolive Company (CL)

Why Sun Trust Upgraded Colgate Palmolive Stock

Why Sun Trust Upgraded Colgate Palmolive Stock

The Williams %R indicator helps show the relative situation of the current price close to the period being observed.

Technical traders may also be interested in looking at the indicator levels on shares of Colgate-Palmolive Company (CL).

The average Wall Street analyst rating for Colgate-Palmolive Company is Hold, according to the average of 13 analyst scores. The insider now holds 9,677 shares of Colgate-Palmolive Company (CL). Jefferies Group LLC upped their target price on Colgate-Palmolive from $76.00 to $77.00 and gave the company a "hold" rating in a report on Thursday, July 6th. Morgan Stanley upgraded Colgate-Palmolive from an equal weight rating to an overweight rating and raised their price objective for the company from $75.00 to $84.00 in a research report on Monday, September 25th. Fourteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. The company's 50-day moving average price is $72.15 and its 200-day moving average price is $73.16.

At the time of writing, the 14-day ADX for Colgate-Palmolive Company (CL) is 20.69. The company has a market capitalization of $66.20 billion, a price-to-earnings ratio of 27.93 and a beta of 0.81. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. At the time of writing, Colgate-Palmolive Company (CL) has a 14-day Commodity Channel Index (CCI) of 243.29. The company reported $0.67 EPS for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.01. Sva Plumb Wealth Ltd Co invested 0.03% in Colgate-Palmolive Company (NYSE:CL).

The company's Average Revenue Estimate for the current quarter is $3.91 Billion, while Low and High Revenue Estimates are $3.78 Billion and $4.01 Billion respectively. During the same period previous year, the firm earned $0.63 earnings per share. Nationwide Fund Advisors stated it has 0.07% in Colgate-Palmolive Company (NYSE:CL). $2.44 million worth of Colgate-Palmolive Company (NYSE:CL) was sold by Dolan Victoria L. $575,350 worth of Colgate-Palmolive Company (NYSE:CL) shares were sold by KOGAN RICHARD J. Another trade for 14,000 shares valued at $1.06M was made by Marsili Daniel B on Thursday, June 15. State Of Wisconsin Investment Board owns 0.25% invested in Colgate-Palmolive Company (NYSE:CL) for 1.06 million shares. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and global trademark & copyright legislation.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, October 20th. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since October 11, 2016 and is uptrending.

In other Colgate-Palmolive Company news, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive Company stock in a transaction that occurred on Monday, April 17th. Following the transaction, the chief operating officer now directly owns 97,177 shares in the company, valued at approximately $7,046,304.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The shares were sold at an average price of $72.41, for a total value of $277,547.53. The disclosure for this sale can be found here.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC grew its holdings in shares of Colgate-Palmolive by 16.9% during the first quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company's stock valued at $121,000 after purchasing an additional 70 shares during the last quarter. Cue Financial Group Inc. boosted its holdings in shares of Colgate-Palmolive by 0.3% during the 2nd quarter. WI now owns 4,135 shares of the company's stock worth $303,000 after acquiring an additional 170 shares during the period. WI increased its position in shares of Colgate-Palmolive by 4.3% during the first quarter. Following the completion of the transaction, the senior vice president now directly owns 88,598 shares of the company's stock, valued at $6,322,353.28. Company insiders own 1.02% of the company's stock. The Firm operates in two product divisions: Oral, Personal and Home Care, and Pet Nutrition.

Colgate-Palmolive Company (Colgate) is a consumer products company.