Colgate-Palmolive Company VP Sells $2,590,000 in Stock (CL)
Colgate-Palmolive Company (NYSE:CL) VP Delia H. Thompson unloaded 40,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $64.75, for a total transaction of $2,590,000.00. Following the sale, the vice president now directly owns 145,892 shares in the company, valued at approximately $9,446,507. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Colgate-Palmolive Company (NYSE:CL) traded up 0.64% on Wednesday, hitting $64.67. 2,815,809 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 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 price-to-earnings ratio of 26.86.
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. On average, analysts predict that Colgate-Palmolive Company will post $2.96 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $67.86.
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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