Colgate-Palmolive (NYSE:CL) COO Noel R. Wallace sold 4,541 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $66.43, for a total transaction of $301,658.63. Following the sale, the chief operating officer now directly owns 186,380 shares of the company’s stock, valued at $12,381,223.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of CL stock traded up $0.03 during trading on Friday, reaching $66.73. The company’s stock had a trading volume of 3,041,964 shares, compared to its average volume of 4,431,916. The firm has a market cap of $57.69 billion, a PE ratio of 22.47, a P/E/G ratio of 4.30 and a beta of 0.78. Colgate-Palmolive has a one year low of $57.41 and a one year high of $72.61.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, January 25th. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.78 billion. Colgate-Palmolive had a net margin of 15.44% and a return on equity of 25,268.29%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, equities analysts predict that Colgate-Palmolive will post 2.83 EPS for the current year.
CL has been the subject of several research analyst reports. Citigroup reduced their price target on shares of Colgate-Palmolive from $68.00 to $63.00 and set a “hold” rating for the company in a research report on Monday, October 29th. Argus cut their price target on shares of Colgate-Palmolive from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Goldman Sachs Group raised shares of Colgate-Palmolive from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 8th. JPMorgan Chase & Co. lowered shares of Colgate-Palmolive from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $61.00 to $54.00 in a research report on Monday, October 29th. Finally, BNP Paribas raised shares of Colgate-Palmolive from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $56.00 to $67.00 in a research report on Monday, February 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Colgate-Palmolive currently has a consensus rating of “Hold” and an average price target of $65.13.
Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Financial Planning LLC acquired a new position in Colgate-Palmolive during the fourth quarter worth $27,000. Parisi Gray Wealth Management increased its holdings in Colgate-Palmolive by 365.3% during the fourth quarter. Parisi Gray Wealth Management now owns 470 shares of the company’s stock worth $28,000 after buying an additional 369 shares during the last quarter. Timber Creek Capital Management LLC increased its holdings in Colgate-Palmolive by 247.1% during the fourth quarter. Timber Creek Capital Management LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 336 shares during the last quarter. Portfolio Solutions LLC acquired a new position in Colgate-Palmolive during the fourth quarter worth $30,000. Finally, Lindbrook Capital LLC acquired a new position in Colgate-Palmolive during the fourth quarter worth $36,000. Institutional investors and hedge funds own 75.42% of the company’s stock.
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Colgate-Palmolive Company Profile
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. It operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. The company offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; personal care products comprising bar and liquid hand soaps, shower gels, shampoos, conditioners, and deodorants and antiperspirants; and home care products, such as laundry and dishwashing detergents, fabric conditioners, household cleaners, and other related products.
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