Colgate-Palmolive Company Target of Unusually Large Options Trading (CL)
Shares of Colgate-Palmolive Company (NYSE:CL) saw unusually large options trading activity on Monday. Traders acquired 17,622 call options on the stock, AmericanBankingNews.com reports. This represents an increase of 347% compared to the average volume of 3,944 call options.
In other Colgate-Palmolive Company news, Insider Andrew D. Hendry sold 10,000 shares of Colgate-Palmolive Company stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $68.64, for a total transaction of $686,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CL shares. 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 equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Colgate-Palmolive Company currently has an average rating of “Hold” and a consensus target price of $67.85.
Shares of Colgate-Palmolive Company (NYSE:CL) traded up 0.39% on Monday, hitting $69.79. 2,198,527 shares of the company’s stock traded hands. Colgate-Palmolive Company has a one year low of $56.94 and a one 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 price-to-earnings ratio of 29.94.
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. 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. Investors 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.
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