Colgate-Palmolive Sees Unusually High Options Volume (CL)
Colgate-Palmolive Company (NYSE:CL) was the target of unusually large options trading activity on Tuesday. Stock investors bought 12,928 put options on the company. This represents an increase of 560% compared to the typical daily volume of 1,959 put options.
In other Colgate-Palmolive news, SVP John J. Huston sold 14,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $71.36, for a total value of $999,040.00. Following the transaction, the senior vice president now directly owns 88,598 shares in the company, valued at approximately $6,322,353.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $75.67, for a total transaction of $290,043.11. Following the completion of the transaction, the insider now owns 53,022 shares in the company, valued at $4,012,174.74. The disclosure for this sale can be found here. Insiders sold a total of 221,802 shares of company stock worth $15,983,976 over the last 90 days. Insiders own 1.02% of the company’s stock.
Hedge funds have recently modified their holdings of the company. American Beacon Advisors Inc. bought a new stake in shares of Colgate-Palmolive during the first quarter valued at $102,000. Proficio Capital Partners LLC increased its stake in shares of Colgate-Palmolive by 16.9% in the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock valued at $107,000 after buying an additional 207 shares in the last quarter. OLD Second National Bank of Aurora bought a new stake in shares of Colgate-Palmolive during the second quarter valued at $109,000. Krilogy Financial LLC increased its stake in shares of Colgate-Palmolive by 23.0% in the second quarter. Krilogy Financial LLC now owns 1,547 shares of the company’s stock valued at $115,000 after buying an additional 289 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Colgate-Palmolive during the first quarter valued at $121,000. Institutional investors and hedge funds own 73.69% of the company’s stock.
Shares of Colgate-Palmolive (CL) opened at 71.30 on Friday. The company’s 50-day moving average is $72.38 and its 200-day moving average is $72.86. Colgate-Palmolive has a 52-week low of $63.43 and a 52-week high of $77.27. The stock has a market cap of $62.80 billion, a PE ratio of 26.50 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 EPS. Equities analysts anticipate that Colgate-Palmolive will post $2.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, July 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.24%. Colgate-Palmolive’s dividend payout ratio is presently 59.48%.
Several equities research analysts have recently weighed in on the stock. UBS AG reaffirmed a “neutral” rating and issued a $78.00 price target (down previously from $79.00) on shares of Colgate-Palmolive in a research report on Tuesday, May 2nd. BidaskClub cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $79.00 price target (up previously from $77.00) on shares of Colgate-Palmolive in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a research report on Thursday, May 25th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $75.00 price target on shares of Colgate-Palmolive in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $75.82.
Colgate-Palmolive Company Profile
Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.
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