Colgate-Palmolive Co. (NYSE:CL) has a beta value of 0.41 and has seen 1.0 million shares traded in the recent trading session. The company, currently valued at $71.94B, closed the recent trade at $87.39 per share which meant it lost -$0.26 on the day or -0.29% during that session. The CL stock price is -3.41% off its 52-week high price of $90.37 and 22.62% above the 52-week low of $67.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.45 million shares traded. The 3-month trading volume is 4.59 million shares.
Colgate-Palmolive Co. (NYSE:CL) trade information
Sporting -0.29% in the red today, the stock has traded in the red over the last five days, when the CL stock price touched $87.39 or saw a rise of 1.4%. Year-to-date, Colgate-Palmolive Co. shares have moved 9.64%, while the 5-day performance has seen it change -0.80%. Over the past 30 days, the shares of Colgate-Palmolive Co. (NYSE:CL) have changed -0.84%. Short interest in the company has seen 11.75 million shares shorted with days to cover at 3.08.
Colgate-Palmolive Co. (CL) estimates and forecasts
Figures show that Colgate-Palmolive Co. shares have outperformed across the wider relevant industry. The company’s shares have gained 26.09% over the past 6 months, with this year growth rate of 8.05%, compared to 6.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 11.00% and 11.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.70%.
12 analysts offering their estimates for the company have set an average revenue estimate of $4.95 billion for the current quarter. 12 have an estimated revenue figure of $4.99 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $4.77 billion and $4.82 billion respectively for this quarter and the next, and analysts expect sales will grow by 3.80% for the current quarter and 3.50% 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 0.18% over the past 5 years. Earnings growth for 2024 is a modest 8.13% while over the next 5 years, the company’s earnings are expected to increase by 8.38%.
CL Dividends
Colgate-Palmolive Co. is expected to release its next earnings report on April 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.92 at a share yield of 2.20%. The company’s dividend yield has gone up over the past 12 months.
Colgate-Palmolive Co. (NYSE:CL)’s Major holders
Insiders own 0.10% of the company shares, while shares held by institutions stand at 84.11% with a share float percentage of 84.19%. Investors are also buoyed by the number of investors in a company, with Colgate-Palmolive Co. having a total of 2,290 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 79.7 million shares worth more than $6.14 billion. As of Jun 29, 2023, Vanguard Group Inc held 9.64% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 58.91 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $4.54 billion and represent 7.13% 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, 2023, the former fund manager holds about 3.13% shares in the company for having 25.89 million shares of worth $1.99 billion while later fund manager owns 20.31 million shares of worth $1.55 billion as of Jul 30, 2023, which makes it owner of about 2.46% of company’s outstanding stock.
