Colgate-Palmolive Company (NYSE:CL) CMO Mukul Deoras sold 7,500 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $73.28, for a total transaction of $549,600.00. Following the completion of the sale, the chief marketing officer now owns 45,217 shares of the company’s stock, valued at approximately $3,313,501.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Colgate-Palmolive Company (NYSE:CL) opened at $73.70 on Tuesday. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27. The firm has a market cap of $64,286.08, a P/E ratio of 25.51, a PEG ratio of 3.35 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.73. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period last year, the company posted $0.73 EPS. The company’s revenue was up 2.8% on a year-over-year basis. research analysts predict that Colgate-Palmolive Company will post 2.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 annualized dividend and a yield of 2.17%. Colgate-Palmolive’s payout ratio is currently 61.78%.
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A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Citigroup Inc. dropped their target price on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Morgan Stanley dropped their target price on shares of Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. Jefferies Group LLC dropped their target price on shares of Colgate-Palmolive from $79.00 to $76.00 and set a “hold” rating for the company in a report on Monday, October 30th. Finally, Stifel Nicolaus set a $73.00 target price on shares of Colgate-Palmolive and gave the company a “hold” rating in a report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $76.67.
Hedge funds have recently added to or reduced their stakes in the business. American Beacon Advisors Inc. purchased a new stake in Colgate-Palmolive in the 1st quarter worth approximately $102,000. Proficio Capital Partners LLC grew its stake in Colgate-Palmolive by 16.9% in the 1st quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after acquiring an additional 207 shares during the period. Jacobi Capital Management LLC grew its stake in Colgate-Palmolive by 125.5% in the 3rd quarter. Jacobi Capital Management LLC now owns 1,443 shares of the company’s stock worth $104,000 after acquiring an additional 803 shares during the period. OLD Second National Bank of Aurora purchased a new stake in Colgate-Palmolive in the 2nd quarter worth approximately $109,000. Finally, Krilogy Financial LLC grew its stake in Colgate-Palmolive by 23.0% in the 2nd quarter. Krilogy Financial LLC now owns 1,547 shares of the company’s stock worth $115,000 after acquiring an additional 289 shares during the period. 73.87% of the stock is owned by hedge funds and other institutional investors.
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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