Colgate-Palmolive (NYSE:CL) Vice Chairman Franck J. Moison sold 30,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $69.70, for a total value of $2,091,000.00. Following the completion of the transaction, the insider now directly owns 211,048 shares in the company, valued at approximately $14,710,045.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Colgate-Palmolive (NYSE CL) opened at $69.62 on Thursday. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.34 and a current ratio of 0.47. Colgate-Palmolive has a one year low of $67.52 and a one year high of $77.91. The stock has a market capitalization of $61,130.00, a price-to-earnings ratio of 30.54, a PEG ratio of 2.60 and a beta of 0.75.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, January 26th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Colgate-Palmolive had a return on equity of 1,716.69% and a net margin of 13.10%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts forecast that Colgate-Palmolive will post 3.18 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in CL. Blue Chip Partners Inc. increased its holdings in shares of Colgate-Palmolive by 0.4% in the second quarter. Blue Chip Partners Inc. now owns 1,813 shares of the company’s stock worth $134,000 after acquiring an additional 8 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Colgate-Palmolive by 1.5% in the second quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company’s stock worth $126,000 after acquiring an additional 25 shares in the last quarter. Weatherstone Capital Management increased its holdings in shares of Colgate-Palmolive by 0.7% in the second quarter. Weatherstone Capital Management now owns 4,069 shares of the company’s stock worth $302,000 after acquiring an additional 28 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Colgate-Palmolive by 0.6% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 5,642 shares of the company’s stock worth $419,000 after acquiring an additional 34 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. increased its holdings in shares of Colgate-Palmolive by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,028 shares of the company’s stock worth $521,000 after acquiring an additional 35 shares in the last quarter. 72.85% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have commented on CL. Citigroup boosted their price objective on Colgate-Palmolive from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. BNP Paribas lowered Colgate-Palmolive from an “outperform” rating to an “underperform” rating in a research note on Tuesday, January 30th. Jefferies Group reaffirmed a “hold” rating and set a $79.00 price target on shares of Colgate-Palmolive in a research note on Friday, January 26th. Zacks Investment Research lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Colgate-Palmolive in a research note on Saturday, November 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Colgate-Palmolive currently has a consensus rating of “Hold” and an average target price of $77.71.
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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.
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