Thursday, 22 February, 2018

Colgate Shares Slide After Fourth-Quarter Earnings Fall

10 Stocks To Watch For Stocks under Traders Consideration: Colgate-Palmolive Co. (CL), EOG Resources, Inc. (EOG)
Nellie Chapman | 28 January, 2018, 02:15

"CL's 4Q print was disappointing w/org sales of +2% (vs. +3.4% Street) and GM%/OI below expectations". The Firm has ATR of 0.89 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range.

CL has been the topic of a number of recent research reports. The stock of Colgate-Palmolive Company (NYSE:CL) has "Hold" rating given on Wednesday, August 23 by KeyBanc Capital Markets. Wells Fargo maintained Centene Corporation (NYSE:CNC) on Monday, December 18 with "Buy" rating. Jefferies maintained Colgate-Palmolive Company (NYSE:CL) on Thursday, January 4 with "Hold" rating. RBC Capital Markets downgraded it to "Sector Perform" rating and $71 target in Monday, January 4 report. They noted that the move was a valuation call. Revenue was reported as $15.45 billion. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. Jefferies maintained it with "Hold" rating and $7700 target in Friday, July 21 report. Jefferies Group reiterated a "hold" rating and issued a $79.00 price target on shares of Colgate-Palmolive in a report on Friday. When we see the company's Volatility, it now has a monthly volatility of 1.08% and weekly volatility of 1.11%. Colgate-Palmolive has a 12-month low of $63.43 and a 12-month high of $77.91.

(CL) on Friday reported a 47 percent fall in profit for the fourth quarter from past year, as growth in sales was more than offset by higher one-time charges related to its Global Growth and Efficiency Program as well as the US tax reform.

Operating profit fell to $924 million, compared to $955 million in fourth quarter of 2016, while global unit volume increased 3%, pricing decreased 1%, and organic sales were up 2%.

Shares of Colgate-Palmolive are down 2.99% in premarket action. On average, analysts polled by Thomson Reuters expected the company to earn $0.75 per share. During the same period in the previous year, the firm posted $0.75 EPS. The institutional investor held 115,450 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $2.79 million, up from 66,300 at the end of the previous reported quarter. Investors of record on Tuesday, January 23rd will be given a $0.40 dividend.

The stock now shows its YTD (Year to Date) performance of 2.47 percent, whereas its Weekly performance stands at 0.89%.

On 9/26/2017 announced a quarterly dividend of $0.40 2.19% with an ex dividend date of 10/20/2017 which will be payable on 10/23/2017. Lombard Odier Asset (Switzerland) Sa has invested 0.15% in Colgate-Palmolive Company (NYSE:CL). Also, insider Victoria L. Dolan sold 10,000 shares of the company's stock in a transaction dated Thursday, November 9th. Following the completion of the transaction, the insider now owns 37,788 shares of the company's stock, valued at approximately $2,865,086.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. On Wednesday, December 13 the insider Daniels Jennifer sold $539,694. The shares were sold at an average price of $70.52, for a total transaction of $1,465,405.60. Forte Capital Llc bought 6,290 shares as the company's stock rose 3.95% with the market. The disclosure for this sale can be found here. Yacktman Asset Management LP reported 0.88% stake. The company's shares are losing nearly 4 percent in pre-market activity. It also increased its holding in Franklin Finl Network Inc by 43,000 shares in the quarter, for a total of 83,470 shares, and has risen its stake in Pfizer Inc (NYSE:PFE).

Net income in the quarter surged 93.1% to $280 million or $1.69 per diluted share from $145 million or $1.10 in the same quarter past year. 14,000 Colgate-Palmolive Company (NYSE:CL) shares with value of $999,064 were sold by HUSTON JOHN J. Weatherstone Capital Management increased its position in shares of Colgate-Palmolive by 0.7% during the second quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company's stock valued at $126,000 after buying an additional 25 shares during the last quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 75 cents per share. Institutional investors and hedge funds own 72.85% of the company's stock. Verduin Patricia sold $273,868 worth of Colgate-Palmolive Company (NYSE:CL) on Tuesday, August 15.