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Colgate-Palmolive (CL) Stock Price, News & Analysis

$107.86
-0.67 (-0.62%)
(As of 09/6/2024 ET)
Today's Range
$107.78
$109.04
50-Day Range
$95.54
$108.74
52-Week Range
$67.62
$109.30
Volume
3.94 million shs
Average Volume
4.33 million shs
Market Capitalization
$88.49 billion
P/E Ratio
34.13
Dividend Yield
1.85%
Price Target
$102.53

Colgate-Palmolive MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
4.9% Downside
$102.53 Price Target
Short Interest
Healthy
1.00% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.16
Upright™ Environmental Score
News Sentiment
1.07mentions of Colgate-Palmolive in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$4.49 M Sold Last Quarter
Proj. Earnings Growth
8.68%
From $3.57 to $3.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Consumer Staples Sector

4th out of 136 stocks

Toilet Preparations Industry

3rd out of 13 stocks

CL stock logo

About Colgate-Palmolive Stock (NYSE:CL)

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. This segment markets and sells its products under various brands, which include Colgate, Darlie, elmex, hello, meridol, Sorriso, Tom's of Maine, Irish Spring, Palmolive, Protex, Sanex, Softsoap, Lady Speed Stick, Speed Stick, EltaMD, Filorga, PCA SKIN, Ajax, Axion, Fabuloso, Murphy, Suavitel, and Soupline to a range of traditional and eCommerce retailers, wholesalers, and distributors. It includes pharmaceutical products for dentists and other oral health professionals. Its Pet Nutrition segment offers pet nutrition products for everyday nutritional needs under the Hill's Science Diet brand; and a range of therapeutic pet products to help nutritionally support dogs and cats in different stages of health under the Hill's Prescription Diet brand. This segment markets and sells its products through pet supply retailers, veterinarians, and eCommerce retailers. Colgate-Palmolive Company was founded in 1806 and is headquartered in New York, New York.

CL Stock Price History

CL Stock News Headlines

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What is a blue chip company? Overview and examples (CL)
A blue chip is a publicly traded, well-established, financially sound company. Learn more about blue chips with MarketBeat.
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
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UBS Group Boosts Colgate-Palmolive (NYSE:CL) Price Target to $122.00
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The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
CL Sep 2024 111.000 call
3 Consumer Staples Stocks With Global Reach
See More Headlines
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Company Calendar

Ex-Dividend for 8/15 Dividend
7/19/2024
Last Earnings
7/26/2024
Dividend Payable
8/15/2024
Today
9/07/2024
Next Earnings (Estimated)
10/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Toilet preparations
Sub-Industry
Household Products
CUSIP
19416210
Employees
34,000
Year Founded
1806

Price Target and Rating

Average Stock Price Target
$102.53
High Stock Price Target
$122.00
Low Stock Price Target
$84.00
Potential Upside/Downside
-4.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
21 Analysts

Profitability

Net Income
$2.30 billion
Pretax Margin
19.62%

Debt

Sales & Book Value

Annual Sales
$19.99 billion
Cash Flow
$4.00 per share
Book Value
$0.59 per share

Miscellaneous

Free Float
817,652,000
Market Cap
$88.49 billion
Optionable
Optionable
Beta
0.40

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Should I Buy Colgate-Palmolive Stock? CL Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Colgate-Palmolive:

  • Colgate-Palmolive's revenue for the quarter was up 4.9% on a year-over-year basis, indicating growth in the company's top line.
  • Analysts forecast that Colgate-Palmolive will post $3.57 EPS for the current year, showing potential profitability.
  • Colgate-Palmolive recently paid a quarterly dividend of $0.50, with an annualized dividend of $2.00 and a yield of 1.93%, providing income for investors.
  • Insiders have been selling shares, which could be seen as a positive sign if they believe the stock is overvalued and are taking profits.
  • Colgate-Palmolive's stock price has been trading at a 52-week high, reaching $106.04, indicating positive market sentiment.

Cons

Investors should be bearish about investing in Colgate-Palmolive for these reasons:

  • HSBC Global Research downgraded Colgate-Palmolive from a "strong-buy" to a "hold" rating, which may signal concerns about the company's future performance.
  • Jefferies Financial Group reduced their target price for Colgate-Palmolive stock from $103.00 to $95.00, indicating potential downside risk.
  • Insiders, including executives and directors, have been selling significant amounts of company stock, which could be interpreted as a lack of confidence in future growth.
  • Eight research analysts have rated the stock as a hold, suggesting mixed opinions on the company's outlook.
  • Colgate-Palmolive's debt-to-equity ratio is high at 16.90, which may pose financial risk and limit flexibility in the company's operations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Colgate-Palmolive pros and cons to contact@marketbeat.com.

CL Stock Analysis - Frequently Asked Questions

How have CL shares performed this year?

Colgate-Palmolive's stock was trading at $79.71 at the beginning of 2024. Since then, CL shares have increased by 35.3% and is now trading at $107.86.
View the best growth stocks for 2024 here
.

How were Colgate-Palmolive's earnings last quarter?

Colgate-Palmolive (NYSE:CL) released its quarterly earnings results on Friday, July, 26th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The business's revenue was up 4.9% on a year-over-year basis.
Read the conference call transcript
.

What is Noel Wallace's approval rating as Colgate-Palmolive's CEO?

195 employees have rated Colgate-Palmolive Chief Executive Officer Noel Wallace on Glassdoor.com. Noel Wallace has an approval rating of 95% among the company's employees. This puts Noel Wallace in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does Colgate-Palmolive have any subsidiaries?

Colgate-Palmolive subsidiaries include Hello Products, EltaMD, PCA SKIN, Laser Brand Toothpaste, Sanex, Tom's of Maine, GABA International, and more.

Who are Colgate-Palmolive's major shareholders?

Top institutional investors of Colgate-Palmolive include First Eagle Investment Management LLC (1.10%), Massachusetts Financial Services Co. MA (1.09%), Legal & General Group Plc (0.95%) and Ameriprise Financial Inc. (0.78%). Insiders that own company stock include Noel R Wallace, Jennifer Daniels, Philip G Shotts, Lorrie M Norrington, John P Bilbrey, C Martin Harris, Sally Massey, Prabha Parameswaran, Stephen I Sadove, Martina Hundmejean, Gregory Malcolm, Panagiotis Tsourapas, John W Kooyman, John T Cahill and Patricia Verduin.
View institutional ownership trends
.

How do I buy shares of Colgate-Palmolive?

Shares of CL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Colgate-Palmolive own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Colgate-Palmolive investors own include Johnson & Johnson (JNJ), Procter & Gamble (PG), AT&T (T), AbbVie (ABBV), PepsiCo (PEP), Verizon Communications (VZ) and Coca-Cola (KO).

This page (NYSE:CL) was last updated on 9/7/2024 by MarketBeat.com Staff

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