As of Friday close, Colgate-Palmolive Company’s (NYSE:CL) stock was down -$0.32, moving down -0.42 percent to $76.26. The average number of shares traded per day over the past five days has been 5,322,760 shares. 3 times new highs have been achieved over the past 5 days, with a $0.64 gain in that time frame. In the last twenty days, the average volume was 5,405,870, while in the previous 50 days, it was 5,336,464.
Since last month, CL stock retreated -0.85%. Shares of the company fell to $73.75 on 07/28/23, the lowest level in the past month. A 52-week high of $83.81 was reached on 05/15/23 after having rallying from a 52-week low of $67.84. Since the beginning of this year, CL’s stock price has dropped by -3.21% or -$2.53, and marked a new high 7 times. However, the stock has declined by -9.01% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
CL stock investors should be aware that Colgate-Palmolive Company (CL) stock had its last reported insider trading activity 3 days ago on Aug 02. Kooyman John W, the Chief of Staff of the company, disposed of 21,677 shares for $77.69 on Aug 02. It resulted in a $1,684,062 divestment by the insider. Daniels Jennifer sold 24,703 shares at an average price of $79.70 on May 19. The insider now owns 52,769 shares following the transaction. On May 15, Chief Human Resources Officer Massey Sally sold 14,594 shares at $81.55 apiece. The transaction was valued at $1,190,141.
Valuation Metrics
The latest dividend of $0.48 per share was paid out, remained unchanged from last year’s $0.48. On Thursday March 9 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, Colgate-Palmolive Company’s quick ratio stood at 0.80, while its current ratio was 1.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 56.60% percent. In the year ended June 29, EBITDA margin amounted to 22.99%, whereas operating margins totaled 15.70%. Based on annual data, CL earned $10.25 billion in gross profit and brought in $17.97 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.80%. Return on equity (ROE) for the past 12 months was 602.50%.
In Colgate-Palmolive Company’s quarter-end financial report for June 29, it reported total debt of $8.95 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CL’s revenue rose 8.77% to $4.63 billion during the quarter, while net income inched up to $4.82 billion. While analysts expected Colgate-Palmolive Company to report $0.75 quarterly earnings, the actual figure was $0.77 per share, beating the consensus estimate by 2.70%. During the quarter, the company generated $1.12 billion in EBITDA. The liabilities of Colgate-Palmolive Company were 15.91 billion at the end of its most recent quarter ended June 29, and its total debt was $8.99 billion. The value of shareholders’ equity is $826.69 million.
Technical Picture
This quick technical analysis looks at Colgate-Palmolive Company’s (CL) price momentum. With a historical volatility rate of 15.82%, the RSI 9-day stood at 45.73% on 04 August.
With respect to its five-day moving average, the current Colgate-Palmolive Company price is up by +0.85% percent or $0.64. At present, CL shares trade +0.89% above its 20-day simple moving average and +6.66% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.01% below its SMA50 and +5.71% above its SMA200.
Stochastic coefficient K was 65.59% and Stochastic coefficient D was 66.64%, while ATR was 1.24. Given the Stochastic reading of 54.09% for the 14-day period, the RSI (14) reading has been calculated as 47.33%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at -0.05.
Analyst Ratings
Citigroup launched its rating on Colgate-Palmolive Company (NYSE: CL) to a Buy in a note to investors on February 17, 2023. Colgate-Palmolive Company (CL) has been rated Overweight by analysts. According to 0 brokerage firms, CL is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Colgate-Palmolive Company stock as buy, with 9 recommending it as overweight.
With a median target price of $85.00, the current consensus forecast for the stock is $68.00 – $98.00. Based on these forecasts, analysts predict Colgate-Palmolive Company (CL) will achieve an average price target of $85.33.
