Colgate-Palmolive (NYSE:CL) SVP John J. Huston sold 1,524 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $70.17, for a total transaction of $106,939.08. Following the transaction, the senior vice president now directly owns 87,376 shares in the company, valued at approximately $6,131,173.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Colgate-Palmolive (NYSE:CL) traded up $0.25 during trading on Thursday, hitting $69.39. 3,087,197 shares of the stock traded hands, compared to its average volume of 4,530,000. The firm has a market capitalization of $60,740.00, a P/E 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 quick ratio of 1.00 and a current ratio of 1.36. Colgate-Palmolive has a twelve month low of $68.19 and a twelve month high of $77.91.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, January 26th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. Colgate-Palmolive’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. analysts anticipate that Colgate-Palmolive will post 3.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Tuesday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Monday, January 22nd. This represents a $1.60 annualized dividend and a dividend yield of 2.31%. Colgate-Palmolive’s payout ratio is 61.78%.
Several institutional investors have recently made changes to their positions in the company. Beach Investment Management LLC. acquired a new stake in Colgate-Palmolive during the second quarter worth $3,954,000. Welch Group LLC boosted its stake in Colgate-Palmolive by 7.4% during the second quarter. Welch Group LLC now owns 226,245 shares of the company’s stock worth $16,772,000 after buying an additional 15,585 shares in the last quarter. MUFG Americas Holdings Corp boosted its stake in Colgate-Palmolive by 7.7% during the second quarter. MUFG Americas Holdings Corp now owns 83,019 shares of the company’s stock worth $6,154,000 after buying an additional 5,965 shares in the last quarter. Lincoln National Corp boosted its stake in Colgate-Palmolive by 23.4% during the second quarter. Lincoln National Corp now owns 4,837 shares of the company’s stock worth $358,000 after buying an additional 916 shares in the last quarter. Finally, First National Trust Co. boosted its stake in Colgate-Palmolive by 23.0% during the second quarter. First National Trust Co. now owns 8,672 shares of the company’s stock worth $643,000 after buying an additional 1,622 shares in the last quarter. Institutional investors and hedge funds own 71.52% of the company’s stock.
A number of equities analysts have recently commented on CL shares. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Monday, January 8th. Jefferies Group dropped their price target on shares of Colgate-Palmolive from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Stifel Nicolaus set a $73.00 price target on shares of Colgate-Palmolive and gave the company a “hold” rating in a research report on Sunday, October 29th. Deutsche Bank started coverage on shares of Colgate-Palmolive in a research report on Wednesday, December 13th. They issued a “hold” rating and a $75.00 price target on the stock. Finally, KeyCorp reissued a “hold” rating on shares of Colgate-Palmolive in a research report on Saturday, November 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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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