Insider Selling: Andrew D. Hendry Unloads 10,000 Shares of Colgate-Palmolive Company Stock (CL)
Colgate-Palmolive Company (NYSE:CL) Insider Andrew D. Hendry sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $67.72, for a total transaction of $677,200.00. Following the completion of the sale, the insider now directly owns 185,921 shares of the company’s stock, valued at approximately $12,590,570. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on CL. 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, June 10th. 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 issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $67.85.
Shares of Colgate-Palmolive Company (NYSE:CL) traded down 0.07% during mid-day trading on Thursday, hitting $67.90. The stock had a trading volume of 2,154,617 shares. Colgate-Palmolive Company has a one year low of $56.80 and a one year high of $69.47. The stock has a 50-day moving average of $67.57 and a 200-day moving average of $64.93. The company has a market cap of $62.155 billion and a price-to-earnings ratio of 29.26. Colgate-Palmolive Company also was the recipient of unusually large options trading on Thursday. Stock investors acquired 17,726 call options on the stock. This is an increase of 279% compared to the typical volume of 4,679 call options.
Colgate-Palmolive Company (NYSE:CL) last posted its quarterly earnings results 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.
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%. The ex-dividend date is Wednesday, July 16th.
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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