Macquarie Research: “Time To “Neutral” Colgate-Palmolive (NYSE:CL)”

September 17, 2017 - By Richard Conner

 Macquarie Research: “Time To

Investors sentiment decreased to 0.86 in Q4 2016. Its down 0.03, from 0.89 in 2016Q3. It turned negative, as 53 investors sold Colgate-Palmolive Company shares while 472 reduced holdings. 91 funds opened positions while 363 raised stakes. 616.46 million shares or 0.02% less from 616.56 million shares in 2016Q3 were reported.

Calvert Mngmt has invested 0.3% in Colgate-Palmolive Company (NYSE:CL). Alphamark Advsr Limited Liability Company accumulated 303 shares. Old Mutual Customised Solutions (Proprietary) Ltd reported 0.31% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Guardian Cap Limited Partnership has invested 0.06% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Gsa Cap Prns Llp holds 0.07% or 18,288 shares in its portfolio. National Pension Serv has 0.26% invested in Colgate-Palmolive Company (NYSE:CL) for 580,655 shares. Kcg holds 39,613 shares or 0.06% of its portfolio. Sabal Tru holds 0.09% or 13,200 shares in its portfolio. Moreover, Fisher Asset Mngmt Ltd Liability Corp has 0% invested in Colgate-Palmolive Company (NYSE:CL) for 26,889 shares. At Bancorp reported 0.08% stake. Calamos Lc accumulated 78,120 shares. Ally owns 20,000 shares. Of Toledo Na Oh has invested 0.09% in Colgate-Palmolive Company (NYSE:CL). Washington National Bank accumulated 0.05% or 3,395 shares. Nbt Retail Bank N A Ny has 75,528 shares.

Since May 8, 2017, it had 0 insider buys, and 6 insider sales for $5.64 million activity. On Thursday, June 15 Verduin Patricia sold $290,045 worth of Colgate-Palmolive Company (NYSE:CL) or 3,833 shares. The insider KOGAN RICHARD J sold 8,000 shares worth $575,350. Dolan Victoria L sold $2.44M worth of stock or 34,000 shares. HUSTON JOHN J sold $1.00M worth of Colgate-Palmolive Company (NYSE:CL) on Wednesday, May 10.

How Macquarie Research Currently Rates Colgate-Palmolive (NYSE:CL)

In an analyst report issued to clients on Friday, 15 September, Macquarie Research analyst just has started coverage of Colgate-Palmolive (NYSE:CL) with “Neutral” rating.

Investors sentiment decreased to 0.86 in Q4 2016. Its down 0.03, from 0.89 in 2016Q3. It turned negative, as 53 investors sold Colgate-Palmolive Company shares while 472 reduced holdings. 91 funds opened positions while 363 raised stakes. 616.46 million shares or 0.02% less from 616.56 million shares in 2016Q3 were reported.

Calvert Mngmt has invested 0.3% in Colgate-Palmolive Company (NYSE:CL). Alphamark Advsr Limited Liability Company accumulated 303 shares. Old Mutual Customised Solutions (Proprietary) Ltd reported 0.31% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Guardian Cap Limited Partnership has invested 0.06% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Gsa Cap Prns Llp holds 0.07% or 18,288 shares in its portfolio. National Pension Serv has 0.26% invested in Colgate-Palmolive Company (NYSE:CL) for 580,655 shares. Kcg holds 39,613 shares or 0.06% of its portfolio. Sabal Tru holds 0.09% or 13,200 shares in its portfolio. Moreover, Fisher Asset Mngmt Ltd Liability Corp has 0% invested in Colgate-Palmolive Company (NYSE:CL) for 26,889 shares. At Bancorp reported 0.08% stake. Calamos Lc accumulated 78,120 shares. Ally owns 20,000 shares. Of Toledo Na Oh has invested 0.09% in Colgate-Palmolive Company (NYSE:CL). Washington National Bank accumulated 0.05% or 3,395 shares. Nbt Retail Bank N A Ny has 75,528 shares.

Since May 8, 2017, it had 0 insider buys, and 6 insider sales for $5.64 million activity. On Thursday, June 15 Verduin Patricia sold $290,045 worth of Colgate-Palmolive Company (NYSE:CL) or 3,833 shares. The insider KOGAN RICHARD J sold 8,000 shares worth $575,350. Dolan Victoria L sold $2.44M worth of stock or 34,000 shares. HUSTON JOHN J sold $1.00M worth of Colgate-Palmolive Company (NYSE:CL) on Wednesday, May 10.

Colgate-Palmolive Company (NYSE:CL) Ratings Coverage

Among 22 analysts covering Colgate-Palmolive (NYSE:CL), 3 have Buy rating, 0 Sell and 19 Hold. Therefore 14% are positive. Colgate-Palmolive has $88 highest and $65 lowest target. $73.53’s average target is 1.73% above currents $72.28 stock price. Colgate-Palmolive had 47 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, July 6, the company rating was maintained by Jefferies. The rating was downgraded by Citigroup on Monday, January 30 to “Neutral”. RBC Capital Markets maintained Colgate-Palmolive Company (NYSE:CL) on Friday, May 26 with “Hold” rating. On Monday, January 30 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Hold” rating by Jefferies on Tuesday, August 22. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Neutral” rating by Goldman Sachs on Monday, May 2. On Monday, September 12 the stock rating was upgraded by Bank of America to “Buy”. The firm has “Overweight” rating by Atlantic Securities given on Wednesday, January 6. Sterne Agee CRT downgraded Colgate-Palmolive Company (NYSE:CL) on Friday, February 26 to “Neutral” rating. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Buy” rating by Citigroup on Friday, July 29.

The stock increased 0.14% or $0.1 on September 15, reaching $72.28. About 4.66M shares traded or 82.75% up from the average. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since September 17, 2016 and is uptrending. It has underperformed by 10.47% the S&P500.

Analysts expect Colgate-Palmolive Company (NYSE:CL) to report $0.73 EPS on October, 27 before the open.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.73 EPS. CL’s profit would be $643.04M giving it 24.75 P/E if the $0.73 EPS is correct. After having $0.72 EPS previously, Colgate-Palmolive Company’s analysts see 1.39 % EPS growth.

Colgate-Palmolive Company is a consumer products company. The company has market cap of $63.67 billion. The Firm operates in two product divisions: Oral, Personal and Home Care, and Pet Nutrition. It has a 26.9 P/E ratio. The Oral, Personal and Home Care product segment is operated through five geographic divisions, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.

Another recent and important Colgate-Palmolive Company (NYSE:CL) news was published by Seekingalpha.com which published an article titled: “Colgate-Palmolive: Sustaining The Dividend, For Now” on September 17, 2017.

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