Insider Selling: Franck J. Moison Unloads 24,888 Shares of Colgate-Palmolive Company Stock (CL)
Colgate-Palmolive Company (NYSE:CL) COO Franck J. Moison unloaded 24,888 shares of Colgate-Palmolive Company stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $64.73, for a total transaction of $1,611,000.24. Following the completion of the sale, the chief operating officer now directly owns 173,191 shares in the company, valued at approximately $11,210,653. The sale was disclosed in a filing with the SEC, 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.85.
Colgate-Palmolive Company (NYSE:CL) traded down 0.98% on Tuesday, hitting $64.42. 4,138,674 shares of the company’s stock traded hands. Colgate-Palmolive Company has a 52 week low of $56.94 and a 52 week high of $70.11. The stock’s 50-day moving average is $67.40 and its 200-day moving average is $65.6. The company has a market cap of $58.835 billion and a price-to-earnings ratio of 27.20. Colgate-Palmolive Company also was the target of some unusual options trading activity on Monday. Traders acquired 13,502 put options on the company. This represents an increase of approximately 663% compared to the average volume of 1,769 put options.
Colgate-Palmolive Company (NYSE:CL) last released its earnings data on Thursday, July 31st. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Colgate-Palmolive Company will post $2.96 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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