Colgate-Palmolive Company (NYSE:CL) Director John T. Cahill sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $72.47, for a total transaction of $579,760.00. Following the transaction, the director now owns 31,786 shares of the company’s stock, valued at approximately $2,303,531.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Colgate-Palmolive Company (NYSE:CL) traded down 0.47% during trading on Monday, hitting $72.20. 3,196,234 shares of the stock traded hands. The stock has a market cap of $63.60 billion, a price-to-earnings ratio of 26.83 and a beta of 0.81. The stock has a 50 day moving average price of $74.08 and a 200-day moving average price of $72.43. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27.
Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.72. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. Equities analysts forecast that Colgate-Palmolive Company will post $2.90 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 18th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, July 14th. Colgate-Palmolive’s payout ratio is 59.48%.
ILLEGAL ACTIVITY WARNING: “Colgate-Palmolive Company (NYSE:CL) Director Sells $579,760.00 in Stock” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://stocknewstimes.com/2017/07/31/colgate-palmolive-company-nysecl-director-sells-579760-00-in-stock.html.
Several large investors have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new stake in Colgate-Palmolive during the first quarter worth approximately $102,000. Proficio Capital Partners LLC boosted its stake in shares of Colgate-Palmolive by 16.9% in the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after buying an additional 207 shares in the last quarter. OLD Second National Bank of Aurora purchased a new stake in shares of Colgate-Palmolive during the second quarter worth about $109,000. Hanson & Doremus Investment Management boosted its stake in shares of Colgate-Palmolive by 4.5% in the second quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock worth $121,000 after buying an additional 70 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Colgate-Palmolive during the first quarter worth about $121,000. Institutional investors own 73.74% of the company’s stock.
A number of brokerages recently issued reports on CL. UBS AG restated a “neutral” rating and set a $78.00 price objective (down previously from $79.00) on shares of Colgate-Palmolive in a report on Tuesday, May 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a report on Monday, April 24th. Jefferies Group LLC initiated coverage on shares of Colgate-Palmolive in a report on Tuesday, April 18th. They issued a “hold” rating and a $78.00 price target for the company. Wells Fargo & Company reiterated a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. Finally, BidaskClub cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $75.82.
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.
Receive News & Ratings for Colgate-Palmolive Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colgate-Palmolive Company and related companies with MarketBeat.com's FREE daily email newsletter.
