Colgate-Palmolive Company Director Delano E. Lewis Sells 5,000 Shares (CL)
Colgate-Palmolive Company (NYSE:CL) Director Delano E. Lewis sold 5,000 shares of the stock on the open market in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $67.07, for a total transaction of $335,350.00. Following the completion of the sale, the director now directly owns 23,642 shares of the company’s stock, valued at approximately $1,585,669. The transaction was disclosed in a document filed 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 BMO Capital Markets raised their price target on shares of Colgate-Palmolive Company from $64.00 to $66.00 in a research note on Monday, April 28th. They now have a “market perform” rating on the stock. Separately, analysts at B. Riley cut their price target on shares of Colgate-Palmolive Company from $68.00 to $66.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Colgate-Palmolive Company from $70.00 to $73.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.92.
Shares of Colgate-Palmolive Company (NYSE:CL) traded down 0.30% on Monday, hitting $66.90. 2,032,646 shares of the company’s stock traded hands. Colgate-Palmolive Company has a 1-year low of $55.47 and a 1-year high of $67.95. The stock has a 50-day moving average of $65.41 and a 200-day moving average of $64.2. The company has a market cap of $61.239 billion and a P/E ratio of 28.90.
Colgate-Palmolive Company (NYSE:CL) last released its earnings data on Friday, April 25th. The company reported $0.68 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.68. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Colgate-Palmolive Company will post $2.99 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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