Victoria L. Dolan Sells 10,000 Shares of Colgate-Palmolive Company (CL) Stock
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 owns 60,528 shares in the company, valued at $4,422,780.96. The sale was disclosed in a filing with the SEC, which is available through this link.
Colgate-Palmolive Company (NYSE CL) opened at $73.46 on Wednesday. The company has a market cap of $64,716.35, a P/E ratio of 25.68, a P/E/G ratio of 3.38 and a beta of 0.80. The company has a debt-to-equity ratio of 24.42, a current ratio of 1.23 and a quick ratio of 0.92. Colgate-Palmolive Company has a 1 year low of $63.43 and a 1 year high of $77.27.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.94 billion. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. Colgate-Palmolive’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. research analysts anticipate that Colgate-Palmolive Company will post 2.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, October 20th. Colgate-Palmolive’s payout ratio is currently 61.78%.
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Several institutional investors have recently made changes to their positions in the stock. Blue Chip Partners Inc. raised its position in shares of Colgate-Palmolive by 0.4% in the 1st quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock valued at $132,000 after purchasing an additional 8 shares during the last quarter. Cue Financial Group Inc. increased its holdings in Colgate-Palmolive by 0.3% in the 2nd quarter. Cue Financial Group Inc. now owns 4,854 shares of the company’s stock worth $360,000 after buying an additional 14 shares during the period. Cornerstone Financial Partners LLC increased its holdings in Colgate-Palmolive by 0.5% in the 2nd quarter. Cornerstone Financial Partners LLC now owns 3,813 shares of the company’s stock worth $282,000 after buying an additional 19 shares during the period. M Holdings Securities Inc. increased its holdings in Colgate-Palmolive by 0.4% in the 1st quarter. M Holdings Securities Inc. now owns 5,366 shares of the company’s stock worth $393,000 after buying an additional 21 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in Colgate-Palmolive by 1.5% in 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. 73.87% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have issued reports on CL shares. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Monday, October 23rd. Morgan Stanley upgraded shares of Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and increased their target price for the stock 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. SunTrust Banks, Inc. upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and increased their target price for the stock from $65.00 to $85.00 in a report on Wednesday, October 11th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Colgate-Palmolive 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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