Colgate Palmolive Co (NYSE:CL) Stock Price Down as Sentiment Falls

Sentiment for Colgate Palmolive Co (NYSE:CL)

Colgate Palmolive Co (NYSE:CL) institutional sentiment decreased to 0.95 in Q2 2019. Its down -0.03, from 0.98 in 2019Q1. The ratio has worsened, as 422 investment professionals increased or started new positions, while 444 sold and reduced their equity positions in Colgate Palmolive Co. The investment professionals in our partner’s database now possess: 625.21 million shares, up from 622.50 million shares in 2019Q1. Also, the number of investment professionals holding Colgate Palmolive Co in their top 10 positions decreased from 13 to 11 for a decrease of 2. Sold All: 42 Reduced: 402 Increased: 317 New Position: 105.

Colgate-Palmolive Company, together with its subsidiaries, makes and sells consumer products worldwide. The company has market cap of $60.64 billion. It operates through two divisions, Oral, Personal and Home Care; and Pet Nutrition. It has a 26.88 P/E ratio. The firm offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; personal care products comprising bar and liquid hand soaps, shower gels, shampoos, conditioners, and deodorants and antiperspirants; and home care products, such as laundry and dishwashing detergents, fabric conditioners, household cleaners, bleaches, and other related products.

The stock decreased 2.23% or $1.61 during the last trading session, reaching $70.68. About 4.08M shares traded or 26.63% up from the average. Colgate-Palmolive Company (NYSE:CL) has risen 7.94% since September 13, 2018 and is uptrending. It has outperformed by 7.94% the S&P500.

Analysts await Colgate-Palmolive Company (NYSE:CL) to report earnings on October, 25. They expect $0.71 earnings per share, down 1.39 % or $0.01 from last year’s $0.72 per share. CL’s profit will be $609.19 million for 24.89 P/E if the $0.71 EPS becomes a reality. After $0.72 actual earnings per share reported by Colgate-Palmolive Company for the previous quarter, Wall Street now forecasts -1.39 % negative EPS growth.

Vgi Partners Ltd holds 11.73% of its portfolio in Colgate-Palmolive Company for 1.94 million shares. Bluefin Trading Llc owns 849,810 shares or 8.62% of their US portfolio. Moreover, Ycg Llc has 6.31% invested in the company for 558,339 shares. The Singapore-based Bank Pictet & Cie (Asia) Ltd has invested 6.23% in the stock. Troy Asset Management Ltd, a United Kingdom-based fund reported 1.55 million shares.

Colgate-Palmolive Company (NYSE:CL) Ratings Coverage

Ratings analysis reveals 25% of Colgate-Palmolive’s analysts are positive. Out of 8 Wall Street analysts rating Colgate-Palmolive, 2 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $6800 while the high is $8200. The stock’s average target of $75.63 is 7.00% above today’s ($70.68) share price. CL was included in 14 notes of analysts from March 19, 2019. Citigroup maintained it with “Neutral” rating and $7900 target in Tuesday, August 20 report. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Buy” rating by Argus Research on Tuesday, June 11. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, July 15 report. Deutsche Bank maintained the shares of CL in report on Friday, July 12 with “Hold” rating. Citigroup maintained Colgate-Palmolive Company (NYSE:CL) on Tuesday, March 19 with “Hold” rating. Wells Fargo maintained it with “Market Perform” rating and $6800 target in Tuesday, June 18 report. The rating was maintained by UBS on Monday, July 29 with “Buy”. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Neutral” rating by JP Morgan on Monday, April 29. Morgan Stanley maintained the shares of CL in report on Monday, July 29 with “Equal-Weight” rating. UBS maintained the shares of CL in report on Friday, March 29 with “Buy” rating.

More important recent Colgate-Palmolive Company (NYSE:CL) news were published by: Streetinsider.com which released: “Colgate-Palmolive (CL) Acquired a Majority Stake in Hypo Hygiene Products, Toloram Nigeria Unit – Bloomberg – StreetInsider.com” on September 05, 2019, also Finance.Yahoo.com published article titled: “Colgate-Palmolive (NYSE:CL) Shareholders Have Enjoyed A 15% Share Price Gain – Yahoo Finance”, Finance.Yahoo.com published: “Here’s What Colgate-Palmolive Company’s (NYSE:CL) ROCE Can Tell Us – Yahoo Finance” on September 10, 2019. More interesting news about Colgate-Palmolive Company (NYSE:CL) was released by: Streetinsider.com and their article: “Colgate-Palmolive (CL) Declares $0.43 Quarterly Dividend; 2.4% Yield – StreetInsider.com” with publication date: September 11, 2019.

Colgate-Palmolive Company (NYSE:CL) Institutional Positions Chart

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