Colgate-Palmolive Company (CL) Upgraded to Buy at SunTrust Banks, Inc

Why Sun Trust Upgraded Colgate Palmolive Stock

16 analysts on average are expecting the company to report revenue of $3.91 Billion for the current quarter.

The average Wall Street analyst rating for Colgate-Palmolive Company is Hold, according to the average of 13 analyst scores. Morgan Stanley upgraded Colgate-Palmolive from an equal weight rating to an overweight rating and raised their price objective for the company from $75.00 to $84.00 in a research report on Monday, September 25th.

The market experts are predicting a 20.43% rally, based on the high target price ($90) for Colgate-Palmolive Company shares that is likely to be hit in the 52 weeks. The stock of Colgate-Palmolive Company (NYSE:CL) has "Hold" rating given on Monday, January 30 by Stifel Nicolaus. Spears Abacus Advsrs Ltd Liability Company holds 0.06% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 6,666 shares.

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Lam Research Corporation (LRCX) on Focus After Forming Wedge Up Chart Pattern
Its down 0.14, from 1.12 in 2017Q1. 185.90 million shares or 1.47% less from 188.67 million shares in 2017Q1 were reported. BDO Wealth Advisors LLC purchased a new position in Lam Research Corporation in the second quarter worth about $118,000.

Genworth Financial Inc (GNW) Shares Sold by Profund Advisors LLC
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $1.91B. Finally, Schroder Investment Management Group purchased a new stake in Genworth Financial in the 1st quarter worth $169,000.

Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Colgate-Palmolive presently has an average rating of Hold and a consensus price target of $76.31. The institutional investor owned 25,375 shares of the company's stock after selling 856 shares during the period. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $76.86. The company's 50-day moving average price is $72.15 and its 200-day moving average price is $73.16. The firm has a market cap of $66.05 billion, a price-to-earnings ratio of 27.86 and a beta of 0.81. Davide Leone And Prtn Invest Comm Llp holds 5.57% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 882,000 shares. Cornerstone Financial Partners LLC now owns 3,813 shares of the company's stock worth $282,000 after purchasing an additional 19 shares during the last quarter. The Higher end of the revenue forecast is $4.01 Billion, while the Lower end of the forecast is $3.78 Billion. Of those insider trades, 692 shares of Colgate-Palmolive Company were purchased and 817,723 shares were sold. Next quarter's EPS is expected be $0.78 with next year's EPS projected to be $3.13. The shares were sold at an average price of $72.51, for a total value of $5,392,858.74. On average, equities research analysts forecast that Colgate-Palmolive will post $2.89 EPS for the current year.

Colgate-Palmolive Company (CL) has broken the narrow and horizontal trend up. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US and worldwide trademark and copyright law. The original version of this piece of content can be read at https://www.truebluetribune.com/2017/10/12/colgate-palmolive-company-cl-upgraded-to-buy-at-suntrust-banks-inc.html. Shareholders of record on Monday, October 23rd will be paid a $0.40 dividend. This dividend amount will represent a yield of $2.19. The ex-dividend date of this dividend was Wednesday, April 19th. Colgate-Palmolive's dividend payout ratio is now 59.48%. Also, CFO Dennis J. Hickey sold 73,872 shares of the stock in a transaction on Thursday, August 3rd. Following the completion of the transaction, the senior vice president now owns 102,838 shares of the company's stock, valued at $7,356,002.14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Shares for $290,045 were sold by Verduin Patricia. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. Hotchkis And Wiley Management Ltd Llc stated it has 2.46 million shares. The disclosure for this sale can be found here. Clear Harbor Asset Management LLC now owns 6,784 shares of the company's stock valued at $497,000 after buying an additional 100 shares in the last quarter. The stock rose 0.64% or $0.48 reaching $75.21 per share. Great West Life Assurance Can reported 0% of its portfolio in MDC Partners Inc (NASDAQ:MDCA). Alliancebernstein Limited Partnership owns 0% invested in MDC Partners Inc (NASDAQ:MDCA) for 64,000 shares. The value in dollars went from $1,602,000 to $1,601,000 a change of 0.1% since the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc.

As of the end of the quarter Osborn Rohs Williams & Donohoe Ltd had sold a total of 350 shares trimming its holdings by 1.2%. Schaper Benz & Wise Investment Counsel Inc. Vanguard Group Inc. now owns 67,875,384 shares of the company's stock valued at $5,031,602,000 after acquiring an additional 1,621,392 shares during the last quarter. This is an increase from Colgate-Palmolive Company's previous quarterly dividend of $0.39. The Firm operates in two product divisions: 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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