Colgate-Palmolive Target of Unusually Large Options Trading (NYSE:CL)

Colgate-Palmolive Company (NYSE:CL) saw some unusual options trading activity on Tuesday. Stock traders bought 7,951 call options on the company. This is an increase of approximately 75% compared to the typical daily volume of 4,539 call options.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CL shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $99.00 price objective on shares of Colgate-Palmolive in a research report on Monday, May 4th. Bank of America reduced their price objective on shares of Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating for the company in a report on Friday, April 10th. Barclays upped their target price on shares of Colgate-Palmolive from $79.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Morgan Stanley restated an “overweight” rating on shares of Colgate-Palmolive in a research note on Monday, May 4th. Finally, TD Cowen reissued a “hold” rating and issued a $85.00 target price on shares of Colgate-Palmolive in a report on Tuesday, March 31st. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $95.88.

Colgate-Palmolive Stock Down 1.2%

Shares of NYSE:CL traded down $1.10 during mid-day trading on Tuesday, reaching $91.30. 490,075 shares of the stock were exchanged, compared to its average volume of 6,246,642. Colgate-Palmolive has a one year low of $74.54 and a one year high of $99.33. The company has a market cap of $73.05 billion, a P/E ratio of 35.56, a P/E/G ratio of 4.85 and a beta of 0.33. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33. The stock’s 50 day simple moving average is $88.24 and its 200-day simple moving average is $87.23.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. As a group, equities research analysts predict that Colgate-Palmolive will post 3.81 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, July 20th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, July 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is 82.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. bought a new stake in shares of Colgate-Palmolive during the fourth quarter worth about $25,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Colgate-Palmolive by 86.7% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 323 shares of the company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. TD Capital Management LLC lifted its holdings in shares of Colgate-Palmolive by 61.4% in the 4th quarter. TD Capital Management LLC now owns 326 shares of the company’s stock worth $26,000 after acquiring an additional 124 shares during the last quarter. Triumph Capital Management boosted its position in Colgate-Palmolive by 62.9% during the 4th quarter. Triumph Capital Management now owns 329 shares of the company’s stock valued at $26,000 after buying an additional 127 shares during the period. Finally, Jessup Wealth Management Inc bought a new stake in shares of Colgate-Palmolive during the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Company Profile

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.