(CL) Rating Reiterate by Wells Fargo & Co

Wall Street brokerages predict that Colgate-Palmolive Company (NYSE:CL) will report $0.73 earnings per share for the current fiscal quarter, Zacks reports. The firm owned 157,919 shares of the company's stock after selling 3,481 shares during the period.

Marshall Wace LLP raised its position in Colgate-Palmolive Company (NYSE:CL) by 18.2% in the second quarter, according to its most recent Form 13F filing with the SEC. As of quarter end Conning Inc. had sold 240 shares trimming its stake by 1.0%. In the last quarter, insiders have sold 214,136 shares of company stock worth $15,416,385. FMR LLC boosted its stake in Colgate-Palmolive by 0.8% in the second quarter.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, July 21st. The value of the investment in CL went from $1,816,000 to $1,767,000 decreasing 2.7% for the reporting period.

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Traders are a little more bearish recently as indicated by the rise in short interest. BlackRock Institutional Trust Company N.A. now owns 24,266,779 shares of the company's stock valued at $1,799,139,000 after buying an additional 475,408 shares in the last quarter. The stock decreased 1.12% or $0.82 on October 20, reaching $72.32.

Cambridge Investment Research Advisors Inc decreased Colgate Palmolive (CL) stake by 6.69% reported in 2017Q2 SEC filing.

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In other news, CFO Dennis J. Hickey sold 73,872 shares of Colgate-Palmolive stock in a transaction dated Thursday, August 3rd. Eaton Vance Management bought 325,072 shares as the company's stock rose 3.95% with the market. The disclosure for this sale can be found here. On Tuesday, September 1 the stock rating was maintained by Cowen & Co with "Outperform".

A number of analysts have recently commented on CL shares.

Three months ago, on the other hand, the average analyst rating for Colgate-Palmolive Company (CL) was a Hold - from a survey of 13 analysts. Royal Bank Of Canada reissued a "hold" rating and set a $74.00 price objective on shares of Colgate-Palmolive in a report on Friday, June 30th. Verduin Patricia had sold 3,833 shares worth $273,446. Finally, Jefferies Group LLC reaffirmed a "hold" rating and issued a $79.00 price target on shares of Colgate-Palmolive in a research note on Thursday, September 28th. UBS has "Neutral" rating and $78 target. Finally, Wells Fargo & Company reissued a "market perform" rating on shares of Colgate-Palmolive in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Colgate-Palmolive presently has an average rating of "Hold" and an average target price of $76.85.

The company is down by 0.58%% since yesterday's close of 72.74. In the past 52 weeks the company's stock price has moved within the range of $63.43 to $77.27. The firm has a market capitalization of $63.70 billion, a price-to-earnings ratio of 26.87 and a beta of 0.81. In order to determine directional movement, the 50-day and 200-day moving averages for Real Industry, Inc. Citigroup holds 0.04% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 665,403 shares. In the last earnings report the EPS was $2.69 and is projected to be $2.90 for the current year with 880,841,000 shares now outstanding. The firm earned $3.87 billion during the quarter, compared to analysts' expectations of $3.94 billion. Colgate-Palmolive had a net margin of 8.96% and a return on equity of 6,924.14%. The company's quarterly revenue was down.5% compared to the same quarter previous year. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.73.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be given a $0.40 dividend. Also Benzinga.com published the news titled: "Morgan Stanley Catches Flack For Colgate-Palmolive Upgrade" on October 02, 2017. The dividend will be $0.400 per share for the quarter which is $1.60 annualized. The value of the company's investment in Colgate-Palmolive Company decreased from $2,307,000 to $2,229,000 a change of $78,000 quarter to quarter. Highbridge Capital Management Ltd Liability Com invested 0.6% in Colgate-Palmolive Company (NYSE:CL). 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 divisions, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.

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