Colgate-Palmolive (NYSE:CL) SVP John J. Huston sold 473 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $72.93, for a total transaction of $34,495.89. Following the transaction, the senior vice president now owns 59,668 shares of the company’s stock, valued at $4,351,587.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
NYSE:CL traded up $0.64 during midday trading on Wednesday, hitting $73.53. The company had a trading volume of 2,406,364 shares, compared to its average volume of 3,603,452. Colgate-Palmolive has a 52-week low of $57.41 and a 52-week high of $74.14. The firm has a market capitalization of $63.02 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 4.81 and a beta of 0.80. 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 (NYSE:CL) last announced its earnings results on Friday, April 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. Colgate-Palmolive had a net margin of 15.08% and a negative return on equity of 3,730.37%. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Colgate-Palmolive will post 2.84 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc raised its position in shares of Colgate-Palmolive by 1.0% in the third quarter. Vanguard Group Inc now owns 73,520,894 shares of the company’s stock valued at $4,922,224,000 after buying an additional 734,860 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Colgate-Palmolive by 5.1% in the fourth quarter. Victory Capital Management Inc. now owns 315,759 shares of the company’s stock valued at $18,794,000 after buying an additional 15,205 shares during the last quarter. Portfolio Solutions LLC acquired a new stake in shares of Colgate-Palmolive in the fourth quarter valued at about $30,000. Commerzbank Aktiengesellschaft FI raised its position in shares of Colgate-Palmolive by 33.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 274,460 shares of the company’s stock valued at $16,336,000 after buying an additional 69,093 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Colgate-Palmolive by 3.7% in the fourth quarter. Cerity Partners LLC now owns 5,466 shares of the company’s stock valued at $325,000 after buying an additional 197 shares during the last quarter. Institutional investors own 75.60% of the company’s stock.
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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