Colgate-Palmolive Stock Could Reach $84
24, 2017) We see a rare opportunity to buy a well-positioned business at a valuation level close to structurally less-attractive peers, as Colgate-Palmolive’s transitory top-line slowdown versus peers has driven stock underperformance. We see multiple factors returning Colgate-Palmolive back to above-peer growth beginning in the fourth quarter. With Colgate-Palmolive valuation now close to structurally less attractive peers, we see a rare opportunity to buy a well-positioned consumer packaged goods (CPG) company with more strategic optionality without paying a premium. 2) More Favorable External Environment: With EM growth poised to re-accelerate and structural headwinds pressuring the US outlook, we believe investors will flock back to EM-centric names such as Colgate-Palmolive (nearly half of Colgate-Palmolive profit mix is in EMs, two to three times most of its peers). 4) Attractive Valuation Compared to Peers: Colgate-Palmolive’s next-12-months price/earnings multiple stands one to two standard deviations below its five-year relative averages versus mega-cap peers and the S&P 500 and at almost no premium to less well-positioned peers -- a compelling entry point for a company with higher growth, higher returns, and greater strategic potential.
Why Colgate-Palmolive Company (CL) Is Sending Neutral Signals?
Colgate-Palmolive Company (CL) has broken the narrow and falling short-term trend up. In case of reaction, the stock will see strong support at $72.66, a point that may provide a 2nd chance needed to hit a runner. Upon corrections, the price will meet support from the averages between $72.23 and $71.63. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $73.00, $73.27 and $74.13. The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it.
Colgate-Palmolive Company (CL) Shares Bought by National Pension Service
The fund owned 652,934 shares of the company’s stock after buying an additional 53,000 shares during the quarter. now owns 2,135,740 shares of the company’s stock valued at $156,355,000 after purchasing an additional 15,617 shares during the last quarter. Financial Architects Inc now owns 4,657 shares of the company’s stock valued at $341,000 after purchasing an additional 494 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Colgate-Palmolive by 11.6% in the first quarter. IFP Advisors Inc now owns 29,689 shares of the company’s stock valued at $2,173,000 after purchasing an additional 3,082 shares during the last quarter.
State of Alaska Department of Revenue Has $4.57 Million Holdings in Colgate-Palmolive Company (CL)
State of Alaska Department of Revenue cut its position in shares of Colgate-Palmolive Company (NYSE:CL) by 45.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. now owns 2,135,740 shares of the company’s stock worth $156,355,000 after purchasing an additional 15,617 shares in the last quarter. Financial Architects Inc now owns 4,657 shares of the company’s stock worth $341,000 after purchasing an additional 494 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Colgate-Palmolive by 11.6% in the first quarter. IFP Advisors Inc now owns 29,689 shares of the company’s stock worth $2,173,000 after purchasing an additional 3,082 shares in the last quarter.
Why robot traders haven’t replaced all the humans at the New York Stock Exchange—yet
Stacey Cunningham, the chief operating officer at NYSE Group, acknowledges that the marketing is important, but says there’s more to it than that. Myomo CEO Paul Gudonis said the humans on the trading floor at NYSE, the designated market makers (DMM), are very much part of the reason his company listed on NYSE. When the market closes, however, nearly all trading returns to the exchange that lists the particular stock. The reason the closing auction is so important is because it determines the day’s official final price, and many asset managers are gauged against it. The exchange is the top global destination for public offerings this year—companies from around the world raised $22.2 billion there via IPOs in the year to August, about double second-place Shanghai, according to Dealogic.
