Colgate-Palmolive Company (NYSE:CL) insider Victoria L. Dolan sold 10,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $73.07, for a total transaction of $730,700.00. Following the transaction, the insider now directly owns 60,528 shares of the company’s stock, valued at $4,422,780.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Colgate-Palmolive Company (NYSE:CL) traded up $0.30 during midday trading on Monday, reaching $73.21. 2,523,600 shares of the company were exchanged, compared to its average volume of 3,635,420. Colgate-Palmolive Company has a 1 year low of $63.43 and a 1 year high of $77.27. The firm has a market capitalization of $64,286.08, a price-to-earnings ratio of 25.51, a P/E/G ratio of 3.35 and a beta of 0.80. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, October 27th. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.73. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the business earned $0.73 earnings per share. Colgate-Palmolive’s revenue was up 2.8% compared to the same quarter last year. analysts anticipate that Colgate-Palmolive Company will post 2.88 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in CL. American Beacon Advisors Inc. acquired a new stake in Colgate-Palmolive during the first quarter worth approximately $102,000. Jacobi Capital Management LLC boosted its position in Colgate-Palmolive by 125.5% during the third quarter. Jacobi Capital Management LLC now owns 1,443 shares of the company’s stock worth $104,000 after acquiring an additional 803 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Colgate-Palmolive by 16.9% during the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after acquiring an additional 207 shares during the last quarter. OLD Second National Bank of Aurora acquired a new stake in Colgate-Palmolive during the second quarter worth approximately $109,000. Finally, Krilogy Financial LLC boosted its position in Colgate-Palmolive by 23.0% during the second quarter. Krilogy Financial LLC now owns 1,547 shares of the company’s stock worth $115,000 after acquiring an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 73.87% of the company’s stock.
A number of brokerages have issued reports on CL. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Monday, September 25th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 target price on shares of Colgate-Palmolive in a report on Sunday, October 8th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $75.00 target price on shares of Colgate-Palmolive in a report on Monday, July 24th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. Finally, Macquarie began coverage on shares of Colgate-Palmolive in a report on Thursday, September 14th. They issued a “neutral” rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Colgate-Palmolive presently has an average rating of “Hold” and an average target price of $76.67.
Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.
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