Colgate-Palmolive (NYSE:CL) Insider Sells $1,446,705.00 in Stock

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Colgate-Palmolive (NYSE:CL) insider Ian M. Cook sold 19,500 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $74.19, for a total transaction of $1,446,705.00. Following the transaction, the insider now directly owns 1,127,542 shares in the company, valued at $83,652,340.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ian M. Cook also recently made the following trade(s):

  • On Wednesday, May 15th, Ian M. Cook sold 19,500 shares of Colgate-Palmolive stock. The stock was sold at an average price of $71.20, for a total transaction of $1,388,400.00.

Shares of CL stock traded down $0.75 on Wednesday, hitting $73.75. The stock had a trading volume of 2,775,100 shares, compared to its average volume of 3,554,082. The company’s 50 day moving average is $72.80. The company has a market cap of $63.44 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 4.84 and a beta of 0.78. The company has a debt-to-equity ratio of 32.25, a quick ratio of 0.74 and a current ratio of 1.07. Colgate-Palmolive has a 12-month low of $57.41 and a 12-month high of $74.67.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, April 26th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.86 billion. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. As a group, equities analysts forecast that Colgate-Palmolive will post 2.84 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 18th will be issued a $0.43 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $1.72 annualized dividend and a dividend yield of 2.33%. Colgate-Palmolive’s dividend payout ratio is currently 57.91%.

Several research firms have weighed in on CL. Jefferies Financial Group restated a “buy” rating and set a GBX 265 ($3.46) price objective on shares of WM Morrison Supermarkets in a report on Monday, April 29th. Deutsche Bank upped their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Morgan Stanley set a $70.00 price objective on shares of Edison International and gave the stock a “hold” rating in a report on Monday. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Finally, Citigroup set a $68.00 price objective on shares of Colgate-Palmolive and gave the stock a “hold” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.94.

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Colgate-Palmolive by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,737,377 shares of the company’s stock worth $103,412,000 after purchasing an additional 57,606 shares during the period. Geode Capital Management LLC raised its holdings in Colgate-Palmolive by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 10,540,277 shares of the company’s stock worth $626,200,000 after purchasing an additional 768,550 shares during the period. AT Bancorp raised its holdings in Colgate-Palmolive by 3.3% in the fourth quarter. AT Bancorp now owns 8,490 shares of the company’s stock worth $505,000 after purchasing an additional 274 shares during the period. Arete Wealth Advisors LLC raised its holdings in Colgate-Palmolive by 44.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 6,361 shares of the company’s stock worth $379,000 after purchasing an additional 1,957 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in Colgate-Palmolive by 1,362.7% in the fourth quarter. Squarepoint Ops LLC now owns 476,764 shares of the company’s stock worth $28,377,000 after purchasing an additional 444,170 shares during the period. Institutional investors own 75.72% of the company’s stock.

About Colgate-Palmolive

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.

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