Insider Selling: Colgate-Palmolive Company VP Sells 15,500 Shares of Stock (CL)
Colgate-Palmolive Company (NYSE:CL) VP Daniel B. Marsili sold 15,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $69.71, for a total transaction of $1,080,505.00. Following the sale, the vice president now directly owns 75,211 shares in the company, valued at approximately $5,242,959. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Colgate-Palmolive Company (NYSE:CL) traded down 1.22% on Thursday, hitting $68.60. 2,366,295 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 $68.48 and its 200-day moving average is $65.41. The company has a market cap of $62.795 billion and a P/E ratio of 29.91. Colgate-Palmolive Company also saw unusually large options trading activity on Monday. Investors acquired 17,622 call options on the stock. This is an increase of approximately 347% compared to the average daily volume of 3,944 call options.
Colgate-Palmolive Company (NYSE:CL) last announced its earnings results 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. 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. Investors 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 2.10%. The ex-dividend date of this dividend is Wednesday, July 16th.
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 investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Colgate-Palmolive Company currently has a consensus rating of “Hold” and a consensus price target of $67.85.
Colgate-Palmolive Company (NYSE:CL) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world.