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Wednesday, February 8, 2023

Are Things Looking Up For Colgate-Palmolive Company (NYSE: CL)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Colgate-Palmolive Company (CL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.01%, to $78.22. The Colgate-Palmolive Company has recorded 1,006,024 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Colgate-Palmolive Webcasts 2022 Fourth Quarter & Year-end Earnings Conference Call January 27, 2023 – 8:30 a.m. ET.

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Stocks Info

The company is listed on the NYSE and operates within the Household & Personal Products industry segment. At the end of the last regular session, the stock closed at $78.23 and fluctuated between $78.96 as its day high and $78.08 as its day low. The current market capitalization of Colgate-Palmolive Company is $64.49B. A total of 5.61 million shares were traded on the day, compared to an average of 3.86M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CL has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 3,515 shares. Over the last 12 months, there were 41 BUYs and 32 SELLs from insiders. Insiders purchased 615,650 shares during that period but sold 526,640.

In the most recent transaction, Massey Sally sold 656 shares of CL for 77.58 per share on Sep 13. After the transaction, the Chief Human Resources Officer now owns 7,913 company shares. In a previous transaction on Aug 29, Parameswaran Prabha sold 48,778 shares at 78.80 per share. CL shares that Grp Pres, Growth & Strategy owns now total 6,787.

Among the insiders who sold shares, Daniels Jennifer disposed of 24,703 shares on Aug 04 at a per-share price of $81.25. This resulted in the CLO and Secretary holding 48,163 shares of CL after the transaction. In another insider transaction, Wallace Noel R. sold 51,665 shares at $81.27 per share on Aug 04. Company shares held by the Chairman, President & CEO now total 221,790.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Colgate-Palmolive Company pays an annual dividend of $1.88, resulting in a dividend yield of 2.40%, and it has a price to earnings (P/E) ratio of 34.12. CL’s most recent ex-dividend date was 1/20/2023 when it declared a $0.47 quarterly dividend that was paid in cash on 2/14/2023. Previously, the company paid the dividend on 11/15/2022 with an ex-dividend date of 10/20/2022. The CL stock dividend was $0.47 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CL in the last 3 months, the mean price target is $82.00 with high estimates of $90.00 and low estimates of $66.00. In terms of 52-week highs and lows, CL has a high of $85.04 and a low of $67.84.

As of this writing, CL has an earnings estimate of $0.73 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.76 per share and a lower estimate of $0.69.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CL is Sell with a score of 3.71. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 15 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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