CL been flat for trading in the $60 range since 2013, maybe longer. Instead of the weather, its the currency excuse. Anyway the performance is dismal.
Yes, but the string of raises is continued even through a tough earnings environment. They really need to fix earnings. I purchased some additional shares to show support but I'm not really enthused to go all in just yet.
If you are looking for some speculative growth take a look at PVHO. This company is doing all the right things! They have huge national brands under contract + real revenues. For a company with over 1mil in quarterly revs to trade with under a 10m market cap is just insane. Intel even wrote a pretty bullish article on the company and their tech. Start your research now.
Yes, I did as well. I believe there was some scandal involved with a government food agency because of an UL e-mail that triggered an official enquiry. Then ULs legal action was dropped
Yeah we can win them all. PFE comes to mind as a post spilt disaster.
UL is pumping up Hellman's w/new mayo flavors too. GL
CL is yet another example that refutes the "magic" of stock splits.
Shares are split AFTER they have increased in value. By themselves, splits have a minimal LONG TERM effect on a company's share price.
Sadly I own several examples of stocks that have declined post split.
I was unaware of UL's entry into the plant based "mayo" business. I thought their legal action against Just Mayo was warranted.
ULTIMATE STOCK ALERTS (google em) is one of the best “alerts” services I have found. Just sign up and watch from the sidelines, you will see!
Well after todays slaughter any dividend increase looks good. Yes CL is a great LT holding. personally since 1997. Just turned them on after last split. UL is another flat stock. Be interesting if there plant version of mayo takes off. Still wondering if they will spinoff or spread/mayo business. They moved production out of Baltimore to the midwest and spread CEO left. GL
Colgate Beats 4Q15 Earnings Estimates but Misses on Sales Again
Market Realist By Penny Morgan
4 hours ago
Colgate's 4Q15 Results: Earnings Bring Smiles but Sales Dwindle
Colgate’s 4Q15 financial results
Colgate-Palmolive (CL) released its 4Q15 earnings on January 29, 2016. The quarter ended on December 31, 2015. The company’s reported adjusted diluted EPS (or earnings per share) fell 3.9% to $0.73 per share in 4Q15 compared to $0.76 in 4Q14. Revenue was down 7.5% to $3.9 billion.
However, in 4Q15, Colgate-Palmolive came in ahead of consensus Wall Street analyst estimates on earnings after being in line with the estimates for three quarters in a row. Consensus estimates had projected an adjusted diluted EPS of $0.72.
On a currency-neutral basis and excluding the after-tax charges on special items including its 2012 restructuring program, its Venezuela accounting change, and other foreign competition charges, the diluted EPS increased by double digits.
Similarly, Procter & Gamble’s (PG) adjusted EPS fell 1.4% while core adjusted earnings per share increased 9% to $1.04 per share in 4Q15. Excluding the impact of currency exchange headwinds, currency-neutral core EPS increased 21% for the quarter. Adjusted EPS for Kimberly-Clark (KMB) also increased to $1.42 in 4Q15 compared to EPS from continuing operations of $1.35 in 4Q15. Clorox (CLX) is yet to announce its 4Q15 results.
During 4Q15, the company announced that it will no longer include the results of its Venezuelan operations in its consolidated financial statements. As a result of this change in accounting, Colgate recorded an after-tax charge of $1.1 billion, or $1.18 per diluted share, in 4Q15. This change reflected a significant decrease in the availability of US dollars and other government controls.
As a result, Colgate expects that the change in accounting for its Venezuelan operation will impact diluted EPS in 2016. The company expects diluted EPS to be negative $0.10 for 2016. Colgate makes up 0.7% of the iShares Global 100 ETF (IOO).
In the next article, we will look at Colgate’s revenue estimates and the components that accounted for the decrease in revenues in 4Q15.
Given the past two div increases were both approx. 5.5%, or eight cents annually, and that the stock price hasn't put any downward pressure on CL's yield, and more importantly recent fundamentals, I think an 8 cent annual increase is possible, but also on the top end of possibilities. (was that a run on sentence?).
I've been long CL just shy of 12 years and have been reinvesting all divs. During that time period, CL has trounced the S & P: approx total return 220% v 120%. While the share price remains flattish, with divs increased, at least we're buying a bit more shares per Q. Total return since 5/15/13: 12.5% v S&P 19.8%.
In the long run, I think we'll both be happy being long are reinvesting divs.
P.S. I've a Pats fan!