Insider Selling: Patricia Verduin Unloads 3,649 Shares of Colgate-Palmolive Stock (CL)
Colgate-Palmolive (NYSE:CL) CTO Patricia Verduin sold 3,649 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $59.71, for a total transaction of $217,881.79. Following the transaction, the chief technology officer now directly owns 48,414 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Barclays Capital upgraded shares of Colgate-Palmolive (NYSE:CL) from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday. They now have a $65.00 price target on the stock, up previously from $59.00. Separately, analysts at BNP Paribas initiated coverage on shares of Colgate-Palmolive (NYSE:CL) in a research note to investors on Wednesday, September 11th. They set a “neutral” rating and a $62.00 price target on the stock. Finally, analysts at Argus downgraded shares of Colgate-Palmolive (NYSE:CL) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 16th. They noted that the move was a valuation call.
One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. Colgate-Palmolive currently has an average rating of “Hold” and a consensus target price of $85.22.
Shares of Colgate-Palmolive (NYSE:CL) traded up 2.32% on Wednesday, hitting $61.19. The stock had a trading volume of 3,832,562 shares. Colgate-Palmolive has a one year low of $51.41 and a one year high of $62.70. The stock has a 50-day moving average of $59.33 and a 200-day moving average of $59.0. The company has a market cap of $56.765 billion and a price-to-earnings ratio of 24.95.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.70 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.70. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the company posted $1.33 earnings per share. Colgate-Palmolive’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Colgate-Palmolive will post $2.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, October 18th.
Colgate-Palmolive Company (NYSE:CL) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world.
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