Colgate-Palmolive (NYSE:CL) VP Henning Jakobsen sold 36,215 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $71.22, for a total transaction of $2,579,232.30. Following the completion of the transaction, the vice president now owns 70,783 shares of the company’s stock, valued at approximately $5,041,165.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Colgate-Palmolive (NYSE CL) opened at $69.76 on Monday. Colgate-Palmolive has a 1 year low of $66.47 and a 1 year high of $77.91. The firm has a market cap of $61,256.62, a price-to-earnings ratio of 30.60, a P/E/G ratio of 2.58 and a beta of 0.75. The company has a quick ratio of 0.34, a current ratio of 0.47 and a debt-to-equity ratio of 24.42.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 26th. The company reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. equities analysts predict that Colgate-Palmolive will post 3.18 EPS for the current year.
Several large investors have recently made changes to their positions in CL. Jacobi Capital Management LLC raised its holdings in shares of Colgate-Palmolive by 125.5% in the third quarter. Jacobi Capital Management LLC now owns 1,443 shares of the company’s stock valued at $104,000 after buying an additional 803 shares during the last quarter. Krilogy Financial LLC raised its holdings 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 during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Colgate-Palmolive in the second quarter valued at about $122,000. AlphaMark Advisors LLC raised its holdings in shares of Colgate-Palmolive by 1.5% in the second quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company’s stock valued at $126,000 after buying an additional 25 shares during the last quarter. Finally, Bruderman Asset Management LLC purchased a new stake in shares of Colgate-Palmolive in the second quarter valued at about $126,000. 72.85% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on CL. KeyCorp reaffirmed a “hold” rating on shares of Colgate-Palmolive in a research report on Monday, October 16th. Zacks Investment Research cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Stifel Nicolaus set a $73.00 price objective on shares of Colgate-Palmolive and gave the stock a “hold” rating in a research report on Sunday, October 29th. Jefferies Group decreased their price objective on shares of Colgate-Palmolive from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Monday, October 30th. Finally, Morgan Stanley decreased their price objective on shares of Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $77.71.
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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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