John T. Cahill Sells 8,000 Shares of Colgate-Palmolive (NYSE:CL) Stock

Share on StockTwits

Colgate-Palmolive (NYSE:CL) Director John T. Cahill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $71.43, for a total value of $571,440.00. Following the completion of the sale, the director now directly owns 30,326 shares in the company, valued at approximately $2,166,186.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of CL stock opened at $71.37 on Friday. The stock has a 50 day moving average of $72.54 and a two-hundred day moving average of $69.90. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 32.25. Colgate-Palmolive has a 12 month low of $57.41 and a 12 month high of $76.41. The company has a market capitalization of $61.51 billion, a P/E ratio of 25.15, a P/E/G ratio of 4.61 and a beta of 0.76.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, July 26th. The company reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.72. Colgate-Palmolive had a negative return on equity of 10,821.98% and a net margin of 14.77%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter last year, the company earned $0.77 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts predict that Colgate-Palmolive will post 2.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 18th were given a $0.43 dividend. The ex-dividend date was Wednesday, July 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.41%. Colgate-Palmolive’s dividend payout ratio is currently 57.91%.

CL has been the topic of a number of research analyst reports. Bank of America set a $80.00 target price on Colgate-Palmolive and gave the company a “buy” rating in a report on Friday, July 12th. Piper Jaffray Companies initiated coverage on Colgate-Palmolive in a report on Tuesday. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. raised Colgate-Palmolive from an “underweight” rating to a “neutral” rating and raised their target price for the company from $62.00 to $70.00 in a report on Monday, April 29th. Jefferies Financial Group raised their target price on Colgate-Palmolive from $61.00 to $73.00 and gave the company an “in-line” rating in a report on Monday, April 29th. They noted that the move was a valuation call. Finally, ValuEngine lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Colgate-Palmolive has a consensus rating of “Hold” and an average target price of $73.13.

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Colgate-Palmolive by 3.4% during the 4th 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 last quarter. Geode Capital Management LLC grew its position in Colgate-Palmolive by 7.9% during the 4th 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 last quarter. American National Bank purchased a new stake in shares of Colgate-Palmolive in the 1st quarter valued at $904,000. Weybosset Research & Management LLC boosted its holdings in shares of Colgate-Palmolive by 0.5% in the 1st quarter. Weybosset Research & Management LLC now owns 68,044 shares of the company’s stock valued at $4,664,000 after acquiring an additional 341 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Colgate-Palmolive by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 401,234 shares of the company’s stock valued at $27,501,000 after acquiring an additional 1,068 shares during the last quarter. Institutional investors own 75.64% of the company’s stock.

Colgate-Palmolive Company Profile

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.

Featured Article: Why do companies engage in swaps?

Insider Buying and Selling by Quarter for Colgate-Palmolive (NYSE:CL)

Receive News & Ratings for Colgate-Palmolive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colgate-Palmolive and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Blackstone Group LP  Major Shareholder Buys $506,016.56 in Stock
Blackstone Group LP Major Shareholder Buys $506,016.56 in Stock
United Technologies Co.  EVP Sells $567,012.42 in Stock
United Technologies Co. EVP Sells $567,012.42 in Stock
Tyler Technologies, Inc.  Director Sells $453,336.45 in Stock
Tyler Technologies, Inc. Director Sells $453,336.45 in Stock
Michael Frederick Klein Sells 3,545 Shares of Travelers Companies Inc  Stock
Michael Frederick Klein Sells 3,545 Shares of Travelers Companies Inc Stock
David Granot Sells 7,500 Shares of Ormat Technologies, Inc.  Stock
David Granot Sells 7,500 Shares of Ormat Technologies, Inc. Stock
Insider Buying: Viewray Inc  CEO Buys 131,260 Shares of Stock
Insider Buying: Viewray Inc CEO Buys 131,260 Shares of Stock


© 2006-2019 Ticker Report