Colgate-Palmolive (CL) Insider Sells $399,521.48 in Stock
Colgate-Palmolive (NYSE:CL) insider Daniel B. Marsili sold 5,692 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $70.19, for a total transaction of $399,521.48. Following the completion of the transaction, the insider now owns 41,677 shares in the company, valued at approximately $2,925,308.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Colgate-Palmolive (CL) traded up $0.25 on Thursday, hitting $69.39. 3,090,000 shares of the stock were exchanged, compared to its average volume of 4,530,000. The company has a market cap of $60,740.00, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.59 and a beta of 0.75. The company has a debt-to-equity ratio of 27.02, a current ratio of 1.36 and a quick ratio of 1.00. Colgate-Palmolive has a 52-week low of $68.19 and a 52-week high of $77.91.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 26th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. sell-side analysts expect that Colgate-Palmolive will post 3.18 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in CL. Pacer Advisors Inc. boosted its stake in Colgate-Palmolive by 8.4% during the second quarter. Pacer Advisors Inc. now owns 20,224 shares of the company’s stock worth $1,499,000 after acquiring an additional 1,566 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Colgate-Palmolive during the third quarter worth about $1,814,000. Fiduciary Trust Co. boosted its stake in Colgate-Palmolive by 1.6% during the second quarter. Fiduciary Trust Co. now owns 170,818 shares of the company’s stock worth $12,663,000 after acquiring an additional 2,758 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Colgate-Palmolive by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,131,987 shares of the company’s stock worth $83,914,000 after acquiring an additional 105,878 shares in the last quarter. Finally, Pensionfund DSM Netherlands bought a new stake in Colgate-Palmolive during the third quarter worth about $4,225,000. 71.52% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on CL. Jefferies Group restated a “hold” rating and issued a $79.00 price objective on shares of Colgate-Palmolive in a research report on Friday, January 26th. Societe Generale cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $66.00 price objective on the stock. in a research report on Wednesday, November 29th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Citigroup decreased their price objective on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus set a $73.00 price objective on shares of Colgate-Palmolive and gave the company a “hold” rating in a research report on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Colgate-Palmolive has a consensus rating of “Hold” and a consensus price target of $77.91.
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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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