Colgate-Palmolive Company CTO Unloads $159,591 in Stock (CL)
Colgate-Palmolive Company (NYSE:CL) CTO Patricia Verduin sold 2,291 shares of the company’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $69.66, for a total value of $159,591.06. Following the completion of the sale, the chief technology officer now directly owns 47,777 shares in the company, valued at approximately $3,328,146. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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, 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Colgate-Palmolive Company currently has a consensus rating of “Hold” and a consensus target price of $67.85.
Shares of Colgate-Palmolive Company (NYSE:CL) traded up 0.39% during mid-day trading on Monday, hitting $69.79. 2,198,527 shares of the company’s stock traded hands. Colgate-Palmolive Company has a 1-year low of $56.94 and a 1-year high of $70.11. The stock’s 50-day moving average is $68.29 and its 200-day moving average is $65.3. The company has a market cap of $63.885 billion and a P/E ratio of 29.94. Colgate-Palmolive Company also was the target of some unusual options trading activity on Monday. Traders acquired 17,622 call options on the company. This is an increase of approximately 347% compared to the average volume of 3,944 call options.
Colgate-Palmolive Company (NYSE:CL) last released its earnings data on Friday, April 25th. The company reported $0.68 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Colgate-Palmolive Company will post $2.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.06%. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.