Colgate-Palmolive (CL) Receives News Impact Rating of 0.23
News articles about Colgate-Palmolive (NYSE:CL) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Colgate-Palmolive earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.5000222081474 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Ex-Dividend Alert: Colgate-Palmolive Has Raised its Dividend Consecutively Since 1964; Will Trade Ex-Dividend on January 22, 2018 (finance.yahoo.com)
- Colgate-Palmolive (CL) to Release Quarterly Earnings on Friday (americanbankingnews.com)
- Is the sentiment expressed is pleasing? United Parcel Service, Inc. (UPS), Colgate-Palmolive Company (CL) – Market Movers (financialqz.com)
- Colgate-Palmolive Company (NYSE:CL) – Stock’s Liquidity Overview – Nasdaq Journal (press release) (nasdaqjournal.com)
- Ex-Dividend Reminder: Thyssen Krupp, Colgate-Palmolive and Cooper Companies – Nasdaq (nasdaq.com)
CL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Monday, September 25th. SunTrust Banks upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $85.00 in a research report on Wednesday, October 11th. Jefferies Group dropped their price target on shares of Colgate-Palmolive from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Stifel Nicolaus set a $73.00 price target on shares of Colgate-Palmolive and gave the stock a “hold” rating in a research report on Sunday, October 29th. Finally, KeyCorp restated a “hold” rating on shares of Colgate-Palmolive in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $76.45.
Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, October 27th. The company reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the firm earned $0.73 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. analysts forecast that Colgate-Palmolive will post 2.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 23rd will be issued a $0.40 dividend. The ex-dividend date is Monday, January 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. Colgate-Palmolive’s payout ratio is currently 61.78%.
In other news, insider Jennifer Daniels sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $75.82, for a total transaction of $68,389.64. Following the sale, the insider now owns 37,788 shares in the company, valued at $2,865,086.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victoria L. Dolan sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $73.41, for a total transaction of $660,690.00. The disclosure for this sale can be found here. Insiders sold a total of 181,950 shares of company stock worth $13,237,385 over the last quarter. Insiders own 1.02% of the company’s stock.
Colgate-Palmolive Company Profile
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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