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What Is So Great About Colgate-Palmolive Company (CL)?

Colgate-Palmolive Company (NYSE:CL) has a beta value of 0.50 and has seen 4.22 million shares traded in the last trading session. The company, currently valued at $63.22B, closed the last trade at $75.94 per share which meant it gained $0.44 on the day or 0.58% during that session. The CL stock price is -11.6% off its 52-week high price of $84.75 and 10.67% above the 52-week low of $67.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.36 million shares traded. The 3-month trading volume is 3.83 million shares.

Colgate-Palmolive Company (NYSE:CL) trade information

Sporting 0.58% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the CL stock price touched $75.94 or saw a rise of 3.05%. Year-to-date, Colgate-Palmolive Company shares have moved -3.62%, while the 5-day performance has seen it change -2.93%. Over the past 30 days, the shares of Colgate-Palmolive Company (NYSE:CL) have changed -3.86%. Short interest in the company has seen 9.91 million shares shorted with days to cover at 2.21.

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Colgate-Palmolive Company (CL) estimates and forecasts

Figures show that Colgate-Palmolive Company shares have underperformed across the wider relevant industry. The company’s shares have lost -2.45% over the past 6 months, with this year growth rate of -7.48%, compared to -5.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -9.90% and 1.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 2.50%.

13 analysts offering their estimates for the company have set an average revenue estimate of $4.47 billion for the current quarter. 13 have an estimated revenue figure of $4.49 billion for the next quarter concluding in Dec 2022. Year-ago sales stood $4.41 billion and $4.4 billion respectively for this quarter and the next, and analysts expect sales will grow by 1.30% for the current quarter and 1.90% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.20% over the past 5 years. Earnings growth for 2023 is a modest -18.60% while over the next 5 years, the company’s earnings are expected to increase by 2.42%.

CL Dividends

Colgate-Palmolive Company is expected to release its next earnings report between January 26 and January 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.88 at a share yield of 2.48%. The company’s dividend yield has gone up over the past 12 months.

Colgate-Palmolive Company (NYSE:CL)’s Major holders

Insiders own 0.10% of the company shares, while shares held by institutions stand at 81.34% with a share float percentage of 81.42%. Investors are also buoyed by the number of investors in a company, with Colgate-Palmolive Company having a total of 2,177 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 77.76 million shares worth more than $6.23 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 9.32% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 64.9 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $5.2 billion and represent 7.78% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Specialized-Dividend Growth Fund. As of Jun 29, 2022, the former fund manager holds about 2.96% shares in the company for having 24.65 million shares of worth $1.98 billion while later fund manager owns 23.37 million shares of worth $1.84 billion as of Jul 30, 2022, which makes it owner of about 2.80% of company’s outstanding stock.

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