Colgate-Palmolive (NYSE:CL) insider Victoria L. Dolan sold 9,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $73.41, for a total transaction of $660,690.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Colgate-Palmolive (NYSE:CL) traded up $1.48 during mid-day trading on Monday, reaching $74.52. The company had a trading volume of 3,615,784 shares, compared to its average volume of 3,610,520. The company has a market capitalization of $65,440.00, a PE ratio of 25.45, a P/E/G ratio of 3.34 and a beta of 0.81. Colgate-Palmolive has a 52-week low of $63.43 and a 52-week high of $77.27. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.73. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.73 earnings per share. research analysts anticipate that Colgate-Palmolive will post 2.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. Colgate-Palmolive’s payout ratio is presently 61.78%.
Several hedge funds and other institutional investors have recently modified their holdings of CL. American Beacon Advisors Inc. bought a new position in shares of Colgate-Palmolive in the first quarter valued at about $102,000. Jacobi Capital Management LLC raised its holdings in shares of Colgate-Palmolive by 125.5% in the third quarter. Jacobi Capital Management LLC now owns 1,443 shares of the company’s stock valued at $104,000 after buying an additional 803 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Colgate-Palmolive by 16.9% in the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock valued at $107,000 after buying an additional 207 shares during the last quarter. OLD Second National Bank of Aurora bought a new position in shares of Colgate-Palmolive in the second quarter valued at about $109,000. Finally, Krilogy Financial LLC raised its holdings in shares of Colgate-Palmolive by 23.0% in the second quarter. Krilogy Financial LLC now owns 1,547 shares of the company’s stock valued at $115,000 after buying an additional 289 shares during the last quarter. 72.96% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on CL shares. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Monday, October 23rd. Morgan Stanley upgraded shares of Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $84.00 in a research note on Monday, September 25th. KeyCorp restated a “hold” rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. Stifel Nicolaus set a $73.00 target price on Colgate-Palmolive and gave the stock a “hold” rating in a research report on Sunday, October 29th. Finally, SunTrust Banks raised Colgate-Palmolive from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $85.00 in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $76.04.
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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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