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JPMorgan Chase & Co. Lowers Colgate-Palmolive (NYSE:CL) Price Target to $103.00

Colgate-Palmolive logo with Consumer Staples background

Colgate-Palmolive (NYSE:CL - Get Free Report) had its price target lowered by analysts at JPMorgan Chase & Co. from $109.00 to $103.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 16.23% from the company's current price.

Several other brokerages have also commented on CL. Stifel Nicolaus lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating and cut their price target for the stock from $105.00 to $101.00 in a report on Monday, October 28th. TD Cowen cut their price target 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. Wells Fargo & Company cut their price target on shares of Colgate-Palmolive from $92.00 to $83.00 and set an "underweight" rating for the company in a report on Tuesday, January 7th. StockNews.com lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Finally, Piper Sandler dropped their target price on shares of Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $102.11.

Get Our Latest Analysis on Colgate-Palmolive

Colgate-Palmolive Stock Performance

Shares of CL traded up $0.75 during trading hours on Thursday, hitting $88.61. The stock had a trading volume of 3,333,770 shares, compared to its average volume of 5,016,917. The firm has a market capitalization of $72.40 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 3.01 and a beta of 0.44. The firm has a 50-day moving average price of $92.32 and a 200 day moving average price of $97.85. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.68 and a current ratio of 1.04. Colgate-Palmolive has a fifty-two week low of $79.69 and a fifty-two week high of $109.30.

Insider Buying and Selling at Colgate-Palmolive

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the stock in a transaction dated 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 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 can be accessed through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Colgate-Palmolive

Several hedge funds have recently made changes to their positions in the business. D Orazio & Associates Inc. lifted its position in shares of Colgate-Palmolive by 3.9% during the third quarter. D Orazio & Associates Inc. now owns 2,862 shares of the company's stock worth $297,000 after purchasing an additional 108 shares in the last quarter. Fiducient Advisors LLC lifted its position in shares of Colgate-Palmolive by 5.2% during the third quarter. Fiducient Advisors LLC now owns 2,231 shares of the company's stock worth $232,000 after purchasing an additional 110 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Colgate-Palmolive by 0.6% during the third quarter. Sequoia Financial Advisors LLC now owns 20,392 shares of the company's stock worth $2,117,000 after purchasing an additional 113 shares in the last quarter. Great Waters Wealth Management increased its stake in shares of Colgate-Palmolive by 1.5% during the third quarter. Great Waters Wealth Management now owns 7,669 shares of the company's stock worth $796,000 after buying an additional 117 shares during the period. Finally, Waldron Private Wealth LLC increased its stake in shares of Colgate-Palmolive by 2.1% during the third quarter. Waldron Private Wealth LLC now owns 5,632 shares of the company's stock worth $585,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 80.41% of the company's stock.

About Colgate-Palmolive

(Get Free Report)

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.

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