Colgate-Palmolive CMO Sells $1,301,160 in Stock (CL)
Colgate-Palmolive (NYSE:CL) CMO Nigel Burton unloaded 19,862 shares of Colgate-Palmolive stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $65.51, for a total value of $1,301,159.62. Following the completion of the transaction, the chief marketing officer now directly owns 43,277 shares of the company’s stock, valued at approximately $2,835,076. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CL shares. Analysts at Credit Suisse raised their price target on shares of Colgate-Palmolive from $63.00 to $72.00 in a research note to investors on Tuesday. Separately, analysts at BMO Capital Markets raised their price target on shares of Colgate-Palmolive from $61.00 to $68.00 in a research note to investors on Tuesday. They now have a “market perform” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Colgate-Palmolive from $65.00 to $69.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $79.21.
Shares of Colgate-Palmolive (NYSE:CL) traded down 0.75% during mid-day trading on Thursday, hitting $64.73. The stock had a trading volume of 3,944,879 shares. Colgate-Palmolive has a 52 week low of $51.345 and a 52 week high of $66.04. The stock’s 50-day moving average is $61.13 and its 200-day moving average is $59.73. The company has a market cap of $59.889 billion and a P/E ratio of 27.12.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that Colgate-Palmolive will post $2.83 earnings per share for the current fiscal year.
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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