Colgate-Palmolive Company Sees Unusually Large Options Volume (CL)
Shares of Colgate-Palmolive Company (NYSE:CL) were the recipient of some unusual options trading on Monday. Investors bought 13,502 put options on the company, Analyst Ratings.Net reports. This is an increase of approximately 663% compared to the average daily volume of 1,769 put options.
In other Colgate-Palmolive Company news, COO Franck J. Moison sold 41,654 shares of Colgate-Palmolive Company stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $63.91, for a total transaction of $2,662,107.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CL. Analysts at Bernstein cut their price target on shares of Colgate-Palmolive Company from $69.00 to $66.00 in a research note on Friday, August 1st. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Colgate-Palmolive Company in a research note on Friday, August 1st. They now have a $69.00 price target on the stock, up previously from $68.00. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $67.85.
Colgate-Palmolive Company (NYSE:CL) traded down 0.18% on Monday, hitting $65.06. The stock had a trading volume of 4,085,497 shares. 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 $67.65 and its 200-day moving average is $65.58. The company has a market cap of $59.420 billion and a price-to-earnings ratio of 27.25.
Colgate-Palmolive Company (NYSE:CL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the company posted $0.70 earnings per share. Colgate-Palmolive Company’s revenue was up .1% compared to the same quarter last year. Analysts expect that Colgate-Palmolive Company will post $2.97 EPS for the current fiscal year.
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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