Colgate-Palmolive (NYSE:CL) Given New $83.00 Price Target at Barclays

Colgate-Palmolive (NYSE:CL - Get Free Report) had its price target decreased by research analysts at Barclays from $96.00 to $83.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target suggests a potential downside of 6.53% from the stock's previous close.

A number of other equities research analysts have also recently commented on CL. TD Cowen reduced their target price on shares of Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on Colgate-Palmolive from $109.00 to $103.00 and set an "overweight" rating for the company in a research note on Thursday. Stifel Nicolaus cut Colgate-Palmolive from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $105.00 to $101.00 in a research report on Monday, October 28th. Piper Sandler dropped their price objective on shares of Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Finally, UBS Group cut their target price on Colgate-Palmolive from $112.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $101.11.

Colgate-Palmolive Trading Up 0.3 %

NYSE:CL traded up $0.23 on Friday, hitting $88.79. The stock had a trading volume of 5,149,874 shares, compared to its average volume of 3,679,883. Colgate-Palmolive has a 1-year low of $79.69 and a 1-year high of $109.30. The stock has a market cap of $72.55 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 3.01 and a beta of 0.44. The company has a fifty day moving average price of $92.20 and a two-hundred day moving average price of $97.74. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 9.46.

Insiders Place Their Bets

In other Colgate-Palmolive news, CFO Stanley J. Sutula III sold 45,410 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $94.11, for a total transaction 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 represents a 55.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by insiders.

Institutional Trading of Colgate-Palmolive

Several hedge funds have recently bought and sold shares of CL. Peak Financial Advisors LLC bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth $1,315,000. Gordian Advisors LLC bought a new stake in Colgate-Palmolive in the third quarter worth approximately $602,000. Carrera Capital Advisors increased its position in Colgate-Palmolive by 23.1% during the third quarter. Carrera Capital Advisors now owns 39,170 shares of the company's stock worth $4,066,000 after buying an additional 7,353 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Colgate-Palmolive by 224.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 795,938 shares of the company's stock worth $82,626,000 after purchasing an additional 550,750 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new stake in shares of Colgate-Palmolive during the 4th quarter worth $4,066,000. 80.41% of the stock is currently owned by institutional investors.

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.