Insider Selling: Colgate-Palmolive (CL) Insider Sells 902 Shares of Stock

Colgate-Palmolive (NYSE:CL) insider Jennifer Daniels sold 902 shares of Colgate-Palmolive stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $75.82, for a total transaction of $68,389.64. Following the completion of the transaction, the insider now owns 37,788 shares in the company, valued at approximately $2,865,086.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jennifer Daniels also recently made the following trade(s):

  • On Wednesday, December 13th, Jennifer Daniels sold 7,375 shares of Colgate-Palmolive stock. The shares were sold at an average price of $73.18, for a total transaction of $539,702.50.

Shares of Colgate-Palmolive (CL) traded down $0.27 during mid-day trading on Friday, hitting $74.55. 2,007,300 shares of the stock were exchanged, compared to its average volume of 2,796,337. Colgate-Palmolive has a fifty-two week low of $63.43 and a fifty-two week high of $77.27. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23. The stock has a market cap of $65,300.00, a P/E ratio of 28.78, a PEG ratio of 3.21 and a beta of 0.81.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, October 27th. The company reported $0.73 EPS for the quarter, meeting 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 business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts forecast that Colgate-Palmolive will post 2.88 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.15%. Colgate-Palmolive’s dividend payout ratio (DPR) is 61.78%.

A number of institutional investors have recently added to or reduced their stakes in CL. Jacobi Capital Management LLC increased its stake in Colgate-Palmolive by 125.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 1,443 shares of the company’s stock worth $104,000 after buying an additional 803 shares during the period. Krilogy Financial LLC increased its stake in Colgate-Palmolive by 23.0% during the 2nd quarter. Krilogy Financial LLC now owns 1,547 shares of the company’s stock worth $115,000 after buying an additional 289 shares during the period. Hanson & Doremus Investment Management increased its stake in Colgate-Palmolive by 4.5% during the 2nd quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock worth $121,000 after buying an additional 70 shares during the period. Captrust Financial Advisors purchased a new stake in Colgate-Palmolive during the 2nd quarter worth $122,000. Finally, AlphaMark Advisors LLC increased its stake in Colgate-Palmolive by 1.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company’s stock worth $126,000 after buying an additional 25 shares during the period. 72.83% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on CL shares. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Monday, October 23rd. Deutsche Bank started coverage on shares of Colgate-Palmolive in a report on Wednesday, December 13th. They issued a “hold” rating and a $75.00 price target on the stock. Morgan Stanley upgraded shares of Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $84.00 in a report on Monday, September 25th. KeyCorp reiterated a “hold” rating on shares of Colgate-Palmolive in a report on Monday, October 16th. Finally, Stifel Nicolaus set a $73.00 target price on shares of Colgate-Palmolive and gave the company a “hold” rating in a research note on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.51.

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Colgate-Palmolive Company Profile

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.

Insider Buying and Selling by Quarter for Colgate-Palmolive (NYSE:CL)

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