Colgate-Palmolive (NYSE:CL) Earning Somewhat Favorable Media Coverage, Analysis Finds

News headlines about Colgate-Palmolive (NYSE:CL) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 0.15 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.7664911990931 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news articles that may have effected Accern’s scoring:

Shares of Colgate-Palmolive (NYSE:CL) traded down 0.39% during mid-day trading on Friday, reaching $71.02. The company had a trading volume of 3,317,565 shares. The company has a 50 day moving average price of $72.30 and a 200 day moving average price of $72.91. The company has a market capitalization of $62.56 billion, a price-to-earnings ratio of 26.39 and a beta of 0.80. Colgate-Palmolive has a one year low of $63.43 and a one year high of $77.27.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. On average, analysts anticipate that Colgate-Palmolive will post $2.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, July 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, July 14th. This represents a $1.60 annualized dividend and a yield of 2.25%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 59.48%.

A number of research firms have recently weighed in on CL. Bank of America Corporation upped their target price on Colgate-Palmolive from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. BidaskClub cut Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Vetr cut Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 target price for the company. in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 target price on shares of Colgate-Palmolive in a report on Thursday, May 25th. Finally, Zacks Investment Research raised Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $75.82.

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In other news, insider Patricia Verduin sold 3,833 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $75.67, for a total transaction of $290,043.11. Following the transaction, the insider now directly owns 53,022 shares of the company’s stock, valued at approximately $4,012,174.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Franck J. Moison sold 35,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $71.52, for a total value of $2,503,200.00. Following the transaction, the insider now directly owns 201,411 shares in the company, valued at $14,404,914.72. The disclosure for this sale can be found here. Insiders sold a total of 221,802 shares of company stock worth $15,983,976 over the last ninety days. 1.02% of the stock is currently owned by insiders.

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.

Insider Buying and Selling by Quarter for Colgate-Palmolive (NYSE:CL)

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