The Bank of America Corp Boosts Colgate-Palmolive Company (CL) Price Target to $80.00

The Bank of America Corp Boosts Colgate-Palmolive Company (CL) Price Target to $80.00

Other analysts have also recently issued research reports about the stock. Barclays PLC set a $75.00 price objective on shares of Colgate-Palmolive Company and gave the stock a hold rating in a research note on Saturday, February 18th. B. Riley reiterated a neutral rating and issued a $74.00 price objective on shares of Colgate-Palmolive Company in a research note on Friday, February 3rd. Royal Bank of Canada reiterated a hold rating and issued a $74.00 price objective on shares of Colgate-Palmolive Company in a research note on Monday, April 24th. Jefferies Group LLC assumed coverage on shares of Colgate-Palmolive Company in a research note on Tuesday, April 18th. They issued a hold rating and a $78.00 price objective for the company. Finally, Citigroup Inc lifted their price objective on shares of Colgate-Palmolive Company from $70.00 to $75.00 and gave the stock a neutral rating in a research note on Tuesday, March 21st. Fourteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $75.41.

Colgate-Palmolive Company (NYSE:CL) had its price objective upped by Bank of America Corp from $78.00 to $80.00 in a research report report published on Wednesday. They currently have a buy rating on the stock.

Shares of Colgate-Palmolive Company (NYSE:CL) opened at 77.11 on Wednesday. The company has a 50-day moving average of $73.46 and a 200-day moving average of $70.16. The company has a market cap of $68.11 billion, a PE ratio of 27.83 and a beta of 0.70. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.11.

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 19th. This is a positive change from Colgate-Palmolive Company’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 2.07%. Colgate-Palmolive Company’s payout ratio is 57.35%. In other Colgate-Palmolive Company news, VP Daniel B. Marsili sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $73.97, for a total transaction of $1,035,580.00. Following the sale, the vice president now directly owns 73,904 shares of the company’s stock, valued at approximately $5,466,678.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $73.72, for a total transaction of $282,568.76. Following the sale, the insider now directly owns 53,022 shares in the company, valued at $3,908,781.84. The disclosure for this sale can be found here. Insiders have sold a total of 39,833 shares of company stock worth $2,894,929 over the last ninety days. 1.05% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of CL. First Personal Financial Services raised its stake in Colgate-Palmolive Company by 9.5% in the third quarter. First Personal Financial Services now owns 31,587 shares of the company’s stock worth $2,342,000 after buying an additional 2,745 shares during the last quarter. Quest Investment Management Inc. OR raised its stake in Colgate-Palmolive Company by 10.5% in the fourth quarter. Quest Investment Management Inc. OR now owns 76,609 shares of the company’s stock worth $5,013,000 after buying an additional 7,292 shares during the last quarter. Chickasaw Capital Management LLC raised its stake in Colgate-Palmolive Company by 218.3% in the first quarter. Chickasaw Capital Management LLC now owns 16,920 shares of the company’s stock worth $1,238,000 after buying an additional 11,605 shares during the last quarter. Destination Wealth Management raised its stake in Colgate-Palmolive Company by 4.0% in the third quarter. Destination Wealth Management now owns 143,161 shares of the company’s stock worth $10,614,000 after buying an additional 5,497 shares during the last quarter. Finally, Meritage Portfolio Management raised its stake in Colgate-Palmolive Company by 0.3% in the first quarter. Meritage Portfolio Management now owns 95,879 shares of the company’s stock worth $7,017,000 after buying an additional 255 shares during the last quarter. 73.24% of the stock is currently owned by hedge funds and other institutional investors. About Colgate-Palmolive Company

Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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