Colgate-Palmolive (NYSE:CL) announced a quarterly dividend on Thursday, January 9th, RTT News reports. Investors of record on Thursday, January 23rd will be paid a dividend of 0.43 per share on Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, January 22nd.
Colgate-Palmolive has increased its dividend payment by an average of 3.5% annually over the last three years and has increased its dividend every year for the last 55 years. Colgate-Palmolive has a dividend payout ratio of 60.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Colgate-Palmolive to earn $2.97 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 57.9%.
Shares of Colgate-Palmolive stock opened at $71.18 on Monday. The company has a market capitalization of $61.00 billion, a PE ratio of 26.36, a PEG ratio of 5.51 and a beta of 0.71. Colgate-Palmolive has a 12 month low of $60.96 and a 12 month high of $76.41. The company has a current ratio of 1.03, a quick ratio of 0.70 and a debt-to-equity ratio of 43.94. The stock’s fifty day simple moving average is $68.70 and its 200 day simple moving average is $70.35.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.01. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.95 billion. Colgate-Palmolive had a return on equity of 6,492.71% and a net margin of 15.04%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. Analysts predict that Colgate-Palmolive will post 2.83 EPS for the current fiscal year.
In other Colgate-Palmolive news, Chairman Ian M. Cook sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $66.73, for a total transaction of $1,067,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ian M. Cook sold 17,750 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $68.85, for a total transaction of $1,222,087.50. Following the sale, the chairman now owns 1,081,611 shares of the company’s stock, valued at $74,468,917.35. The disclosure for this sale can be found here. Insiders sold a total of 67,500 shares of company stock valued at $4,569,293 in the last 90 days. 1.14% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on CL shares. ValuEngine upgraded Colgate-Palmolive from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Zacks Investment Research cut Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $70.00 target price for the company. in a report on Monday, November 4th. Morgan Stanley set a $71.00 target price on Colgate-Palmolive and gave the stock a “hold” rating in a report on Monday, November 4th. Berenberg Bank started coverage on Colgate-Palmolive in a report on Wednesday, October 16th. They set a “sell” rating and a $58.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on Colgate-Palmolive from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $72.85.
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.
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