Colgate-Palmolive Company (NYSE:CL) insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $75.67, for a total transaction of $290,043.11. Following the completion of the sale, the insider now owns 53,022 shares in the company, valued at $4,012,174.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Patricia Verduin also recently made the following trade(s):
- On Monday, April 17th, Patricia Verduin sold 3,833 shares of Colgate-Palmolive Company stock. The shares were sold at an average price of $73.72, for a total transaction of $282,568.76.
Shares of Colgate-Palmolive Company (NYSE:CL) traded down 0.15% during midday trading on Friday, hitting $73.34. 2,670,425 shares of the company were exchanged. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27. The company has a 50-day moving average of $75.25 and a 200 day moving average of $71.52. The company has a market capitalization of $64.78 billion, a P/E ratio of 26.47 and a beta of 0.80.
Colgate-Palmolive Company (NYSE:CL) last posted its quarterly earnings results on Friday, April 28th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. Colgate-Palmolive Company had a return on equity of 3,725.55% and a net margin of 16.31%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts expect that Colgate-Palmolive Company will post $2.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 18th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 14th. This represents a $1.60 annualized dividend and a yield of 2.18%. Colgate-Palmolive Company’s dividend payout ratio is currently 57.76%.
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A number of research firms have recently issued reports on CL. Royal Bank Of Canada restated a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive Company in a report on Friday, June 30th. Jefferies Group LLC upped their price objective on shares of Colgate-Palmolive Company from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday. BidaskClub lowered shares of Colgate-Palmolive Company from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Citigroup Inc. reissued a “neutral” rating and issued a $76.00 target price (up from $75.00) on shares of Colgate-Palmolive Company in a research report on Friday, April 7th. Finally, J P Morgan Chase & Co assumed coverage on shares of Colgate-Palmolive Company in a research report on Tuesday, March 21st. They issued a “neutral” rating and a $77.00 target price for the company. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $75.55.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Colgate-Palmolive Company during the fourth quarter worth about $455,526,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Colgate-Palmolive Company during the fourth quarter worth about $189,728,000. TIAA CREF Investment Management LLC increased its stake in shares of Colgate-Palmolive Company by 84.2% in the first quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock worth $333,380,000 after buying an additional 2,082,262 shares during the period. Renaissance Technologies LLC boosted its position in shares of Colgate-Palmolive Company by 23.4% in the fourth quarter. Renaissance Technologies LLC now owns 8,453,600 shares of the company’s stock worth $553,204,000 after buying an additional 1,605,600 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Colgate-Palmolive Company by 1,744.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,505,674 shares of the company’s stock worth $98,582,000 after buying an additional 1,424,021 shares in the last quarter. Institutional investors and hedge funds own 73.56% of the company’s stock.
About Colgate-Palmolive Company
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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