Colgate-Palmolive Insider Stephen Fogarty Sells 12,000 Shares (CL)
Colgate-Palmolive (NYSE:CL) Insider Stephen Fogarty sold 12,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $65.67, for a total transaction of $788,040.00. Following the transaction, the insider now directly owns 21,770 shares of the company’s stock, valued at approximately $1,429,636. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $79.21.
Colgate-Palmolive (NYSE:CL) traded down 0.75% during mid-day trading on Thursday, hitting $64.73. 3,944,879 shares of the company’s stock traded hands. Colgate-Palmolive has a 52-week low of $51.345 and a 52-week high of $66.04. The stock has a 50-day moving average of $61.13 and a 200-day moving average of $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 announced its 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. Analysts expect that Colgate-Palmolive will post $2.83 EPS 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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