Colgate-Palmolive (NYSE:CL) Given New $93.00 Price Target at JPMorgan Chase & Co.

Colgate-Palmolive (NYSE:CL) had its price target boosted by JPMorgan Chase & Co. from $88.00 to $93.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently commented on CL. The Goldman Sachs Group dropped their price target on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft set a $86.00 target price on shares of Colgate-Palmolive in a research note on Friday, October 10th. Royal Bank Of Canada upgraded shares of Colgate-Palmolive from a “sector perform” rating to an “outperform” rating and set a $88.00 price target on the stock in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Colgate-Palmolive in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $88.00 target price on Colgate-Palmolive and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.44.

Colgate-Palmolive Price Performance

NYSE CL opened at $84.49 on Friday. Colgate-Palmolive has a 12 month low of $74.54 and a 12 month high of $100.18. The firm has a market capitalization of $68.10 billion, a PE ratio of 23.67, a P/E/G ratio of 5.72 and a beta of 0.30. The company’s 50 day simple moving average is $79.39 and its 200 day simple moving average is $81.82. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.17 billion. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. As a group, equities research analysts forecast that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be issued a $0.52 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. Colgate-Palmolive’s dividend payout ratio is currently 58.26%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC grew its holdings in shares of Colgate-Palmolive by 4.5% during the 4th quarter. Perigon Wealth Management LLC now owns 18,707 shares of the company’s stock valued at $1,478,000 after acquiring an additional 813 shares in the last quarter. Omnia Family Wealth LLC grew its stake in Colgate-Palmolive by 8.9% in the fourth quarter. Omnia Family Wealth LLC now owns 5,353 shares of the company’s stock valued at $423,000 after purchasing an additional 438 shares in the last quarter. Dorato Capital Management purchased a new stake in shares of Colgate-Palmolive during the 4th quarter worth about $143,000. Matauro LLC grew its stake in shares of Colgate-Palmolive by 2.0% in the 4th quarter. Matauro LLC now owns 9,374 shares of the company’s stock valued at $741,000 after buying an additional 184 shares in the last quarter. Finally, Trust Co. of Vermont increased its holdings in Colgate-Palmolive by 12.6% in the fourth quarter. Trust Co. of Vermont now owns 24,311 shares of the company’s stock worth $1,921,000 after buying an additional 2,728 shares during the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

About Colgate-Palmolive

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.