Colgate-Palmolive Company Insider Sells $2,679,193 in Stock (CL)
Colgate-Palmolive Company (NYSE:CL) Insider Justin Skala sold 41,525 shares of Colgate-Palmolive Company stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $64.52, for a total value of $2,679,193.00. Following the sale, the insider now directly owns 93,367 shares in the company, valued at approximately $6,024,039. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on CL. Analysts at Zacks reiterated a “neutral” rating on shares of Colgate-Palmolive Company in a research note on Thursday, August 14th. They now have a $68.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $67.86.
Colgate-Palmolive Company (NYSE:CL) traded up 0.64% during mid-day trading on Wednesday, hitting $64.67. 2,815,809 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 has a 50-day moving average of $66.76 and a 200-day moving average of $65.70. The company has a market cap of $59.064 billion and a P/E ratio of 26.86.
Colgate-Palmolive Company (NYSE:CL) last announced its earnings results 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. On average, analysts predict that Colgate-Palmolive Company will post $2.96 earnings per share 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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