Insider Selling: Colgate-Palmolive Company Insider Sells 6,000 Shares of Stock (CL)
Colgate-Palmolive Company (NYSE:CL) Insider Andrew D. Hendry sold 6,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $68.57, for a total value of $411,420.00. Following the sale, the insider now directly owns 185,921 shares in the company, valued at approximately $12,748,603. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Colgate-Palmolive Company (NYSE:CL) traded down 1.14% on Thursday, hitting $67.84. 2,131,477 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 $68.94. The stock’s 50-day moving average is $67.16 and its 200-day moving average is $64.73. The company has a market cap of $62.100 billion and a price-to-earnings ratio of 29.55.
Colgate-Palmolive Company (NYSE:CL) last released its earnings data on Friday, April 25th. The company reported $0.68 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.66 earnings per share. Colgate-Palmolive Company’s revenue was up .2% compared to the same quarter last year. Analysts expect that Colgate-Palmolive Company will post $2.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.12%.
CL has been the subject of a number of recent research reports. Analysts at BMO Capital Markets upgraded shares of Colgate-Palmolive Company from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $75.00 price target on the stock, up previously from $66.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Colgate-Palmolive Company in a research note on Tuesday, May 6th. They now have a $70.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.23.
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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