Colgate-Palmolive Company (NYSE:CL) insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive Company stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $75.67, for a total value of $290,043.11. Following the transaction, the insider now owns 53,022 shares of the company’s stock, valued at $4,012,174.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
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 stock was sold at an average price of $73.72, for a total value of $282,568.76.
Colgate-Palmolive Company (NYSE CL) traded up 0.77% during mid-day trading on Monday, hitting $76.90. The stock had a trading volume of 2,889,941 shares. The firm’s 50-day moving average is $74.22 and its 200 day moving average is $70.85. The company has a market cap of $67.93 billion, a price-to-earnings ratio of 27.75 and a beta of 0.82. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27.
Colgate-Palmolive Company (NYSE:CL) last posted its quarterly earnings results on Friday, April 28th. The company reported $0.67 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts anticipate that Colgate-Palmolive Company will post $2.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, July 14th. Colgate-Palmolive Company’s payout ratio is currently 57.76%.
ILLEGAL ACTIVITY WARNING: “Insider Selling: Colgate-Palmolive Company (CL) Insider Sells 3,833 Shares of Stock” was originally published by BBNS and is the property of of BBNS. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://baseballnewssource.com/markets/insider-selling-colgate-palmolive-company-cl-insider-sells-3833-shares-of-stock/1043978.html.
Institutional investors have recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in Colgate-Palmolive Company during the first quarter worth approximately $102,000. Advantage Investment Management LLC bought a new position in Colgate-Palmolive Company during the fourth quarter worth approximately $104,000. Point72 Asia Hong Kong Ltd bought a new position in Colgate-Palmolive Company during the first quarter worth approximately $105,000. Proficio Capital Partners LLC raised its position in Colgate-Palmolive Company 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 during the last quarter. Finally, Norway Savings Bank bought a new position in Colgate-Palmolive Company during the fourth quarter worth approximately $110,000. 74.12% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Colgate-Palmolive Company from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Friday, April 7th. Bank of America Corporation boosted their price target on Colgate-Palmolive Company from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Royal Bank Of Canada restated a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive Company in a research note on Thursday, March 23rd. Finally, Jefferies Group LLC assumed coverage on Colgate-Palmolive Company in a research note on Tuesday, April 18th. They issued a “hold” rating and a $78.00 price target for the company. Fourteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.41.
Colgate-Palmolive Company 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 our FREE daily email newsletter.