Colgate-Palmolive Insider Unloads $373,860 in Stock (CL)
Colgate-Palmolive (NYSE:CL) Insider Andrew D. Hendry unloaded 6,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $62.31, for a total value of $373,860.00. Following the transaction, the insider now directly owns 192,093 shares of the company’s stock, valued at approximately $11,969,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Societe Generale initiated coverage on shares of Colgate-Palmolive in a research note to investors on Thursday. They set a “sell” rating on the stock. Separately, analysts at BTIG Research initiated coverage on shares of Colgate-Palmolive in a research note to investors on Wednesday. They set a “buy” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Colgate-Palmolive in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $79.00 price target on the stock. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Colgate-Palmolive currently has a consensus rating of “Hold” and a consensus target price of $80.10.
Colgate-Palmolive (NYSE:CL) traded down 0.16% during mid-day trading on Thursday, hitting $61.49. 5,456,409 shares of the company’s stock traded hands. Colgate-Palmolive has a 52 week low of $53.37 and a 52 week high of $66.49. The stock’s 50-day moving average is $64. and its 200-day moving average is $62.15. The company has a market cap of $56.891 billion and a P/E ratio of 25.61.
Colgate-Palmolive (NYSE:CL) last released its earnings data on Friday, January 31st. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.01. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.40 billion. 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, February 14th. Stockholders of record on Friday, January 24th will be given a dividend of 0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, January 22nd.
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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