Press coverage about Colgate-Palmolive (NYSE:CL) has trended somewhat positive on Saturday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Colgate-Palmolive earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.6818732531202 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
CL has been the topic of a number of recent research reports. BNP Paribas downgraded shares of Colgate-Palmolive from an “outperform” rating to an “underperform” rating in a report on Tuesday, January 30th. Zacks Investment Research downgraded shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Citigroup lifted their price objective on shares of Colgate-Palmolive from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Macquarie upgraded shares of Colgate-Palmolive from a “neutral” rating to an “outperform” rating and set a $81.00 price objective on the stock in a report on Tuesday, December 19th. Finally, Barclays set a $75.00 price objective on shares of Colgate-Palmolive and gave the company a “hold” rating in a report on Thursday, March 15th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $77.76.
CL traded up $0.66 during trading on Friday, reaching $71.60. 3,847,920 shares of the stock were exchanged, compared to its average volume of 3,567,665. The company has a market cap of $62,095.68, a price-to-earnings ratio of 24.95, a PEG ratio of 2.63 and a beta of 0.74. Colgate-Palmolive has a twelve month low of $67.86 and a twelve month high of $77.91. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 27.02.
Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 26th. The company reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. research analysts forecast that Colgate-Palmolive will post 3.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.35%. This is an increase from Colgate-Palmolive’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 19th. Colgate-Palmolive’s payout ratio is presently 55.75%.
In other Colgate-Palmolive news, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction on Friday, February 9th. The shares were sold at an average price of $69.44, for a total transaction of $972,160.00. Following the completion of the transaction, the senior vice president now directly owns 100,508 shares of the company’s stock, valued at $6,979,275.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Henning I. Jakobsen sold 36,215 shares of Colgate-Palmolive stock in a transaction on Monday, February 5th. The stock was sold at an average price of $71.22, for a total transaction of $2,579,232.30. Following the transaction, the vice president now directly owns 70,783 shares of the company’s stock, valued at $5,041,165.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 454,805 shares of company stock worth $32,375,038. 1.02% of the stock is owned by corporate insiders.
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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.
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