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Why Colgate-Palmolive Co. (CL) Stock Could See Much Higher Prices Ahead

Colgate-Palmolive Co. (NYSE: CL) is 11.73% higher on its value in year-to-date trading and has touched a low of $67.62 and a high of $90.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CL stock was last observed hovering at around $89.06 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $89.06, the stock is 0.64% and 3.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing 0.00% at the moment leaves the stock 13.98% off its SMA200. CL registered 18.35% gain for a year compared to 6-month gain of 25.24%. The firm has a 50-day simple moving average (SMA 50) of $4.18 and a 200-day simple moving average (SMA200) of $19.15.

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The stock witnessed a 2.97% loss in the last 1 month and extending the period to 3 months gives it a 11.73%, and is 0.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.82% over the week and 1.05% over the month.

Colgate-Palmolive Co. (CL) has around 34000 employees, a market worth around $73.31B and $19.46B in sales. Current P/E ratio is 32.08 and Fwd P/E is 23.39. Profit margin for the company is 11.82%. Distance from 52-week low is 31.71% and -1.45% from its 52-week high. The company has generated returns on investments over the last 12 months (24.87%).

Colgate-Palmolive Co. quarterly earnings per share for the current quarter are estimated at $0.81 with sales reaching $4.95B over the same period.The EPS is expected to grow by 8.10% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to grow 3.80% in year-over-year returns.

Colgate-Palmolive Co. (CL) Top Institutional Holders

2,279 institutions hold shares in Colgate-Palmolive Co. (CL), with institutional investors hold 84.15% of the company’s shares. The shares outstanding are 823.15M, and float is at 822.09M with Short Float at 1.42%. Institutions hold 84.06% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 79.7 million shares valued at $6.14 billion. The investor’s holdings represent 9.64% of the CL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 58.91 million shares valued at $4.54 billion to account for 7.13% of the shares outstanding. The other top investors are State Street Corporation which holds 48.26 million shares representing 5.84% and valued at over $3.72 billion, while Wellington Management Group, LLP holds 4.12% of the shares totaling 34.04 million with a market value of $2.62 billion.

Colgate-Palmolive Co. (CL) Insider Activity

The most recent transaction is an insider sale by Wallace Noel R.,the company’sChairman, President & CEO. SEC filings show that Wallace Noel R. sold 69,948 shares of the company’s common stock on Feb 20 ’24 at a price of $84.22 per share for a total of $5.89 million. Following the sale, the insider now owns 0.29 million shares.

Colgate-Palmolive Co. disclosed in a document filed with the SEC on Feb 20 ’24 that Daniels Jennifer (CLO and Secretary) sold a total of 3,538 shares of the company’s common stock. The trade occurred on Feb 20 ’24 and was made at $84.67 per share for $0.3 million. Following the transaction, the insider now directly holds 59698.0 shares of the CL stock.

Still, SEC filings show that on Feb 16 ’24, Parameswaran Prabha (Grp Pres, Growth & Strategy) disposed off 56,836 shares at an average price of $84.02 for $4.78 million. The insider now directly holds 18,681 shares of Colgate-Palmolive Co. (CL).

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