Colgate-Palmolive Co. (NYSE:CL) insider Patricia Verduin sold 3,834 shares of the firm’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $72.39, for a total transaction of $277,543.26. Following the transaction, the insider now owns 55,013 shares of the company’s stock, valued at $3,982,391.07. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Patricia Verduin also recently made the following trade(s):
- On Thursday, September 15th, Patricia Verduin sold 3,834 shares of Colgate-Palmolive stock. The shares were sold at an average price of $71.85, for a total transaction of $275,472.90.
Shares of Colgate-Palmolive Co. (NYSE:CL) traded down 0.32% on Wednesday, reaching $71.70. 2,940,977 shares of the company’s stock were exchanged. Colgate-Palmolive Co. has a 12 month low of $61.40 and a 12 month high of $75.38. The firm’s 50 day moving average price is $73.00 and its 200-day moving average price is $72.58. The company has a market capitalization of $63.92 billion, a P/E ratio of 46.17 and a beta of 0.63.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Colgate-Palmolive had a net margin of 9.04% and a return on equity of 1,980.28%. The company earned $3.85 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis. On average, equities analysts anticipate that Colgate-Palmolive Co. will post $2.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 24th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, October 20th. Colgate-Palmolive’s dividend payout ratio is presently 100.65%.
Several equities analysts have weighed in on the stock. B. Riley restated a “neutral” rating and set a $71.00 target price on shares of Colgate-Palmolive in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. restated a “neutral” rating and set a $76.00 target price (up from $74.00) on shares of Colgate-Palmolive in a report on Friday, July 15th. Deutsche Bank AG reiterated a “hold” rating and set a $75.00 price target (up from $73.00) on shares of Colgate-Palmolive in a report on Sunday, July 24th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $75.00 price target on shares of Colgate-Palmolive in a report on Friday, July 29th. Finally, Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Monday, October 3rd. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Colgate-Palmolive presently has an average rating of “Hold” and a consensus price target of $74.68.
A number of hedge funds have recently bought and sold shares of the stock. Bristlecone Advisors LLC increased its position in shares of Colgate-Palmolive by 18.7% in the first quarter. Bristlecone Advisors LLC now owns 28,075 shares of the company’s stock worth $1,983,000 after buying an additional 4,420 shares in the last quarter. Columbia Partners L L C Investment Management increased its position in shares of Colgate-Palmolive by 6.5% in the first quarter. Columbia Partners L L C Investment Management now owns 44,482 shares of the company’s stock worth $3,142,000 after buying an additional 2,704 shares in the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of Colgate-Palmolive by 26.9% in the first quarter. Nikko Asset Management Americas Inc. now owns 6,600 shares of the company’s stock worth $467,000 after buying an additional 1,400 shares in the last quarter. Alliance Wealth Management Group acquired a new position in shares of Colgate-Palmolive during the first quarter worth $526,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Colgate-Palmolive during the first quarter worth $5,086,000. 72.95% of the stock is owned by institutional investors.
Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in over 200 countries and territories throughout the world. The Company’s segments include Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through over five geographic segments, which include North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia.
Receive News & Ratings for Colgate-Palmolive Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colgate-Palmolive Co. and related companies with MarketBeat.com's FREE daily email newsletter.