Colgate-Palmolive (NYSE:CL) insider Ian M. Cook sold 17,750 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $68.61, for a total value of $1,217,827.50. Following the completion of the transaction, the insider now owns 1,111,293 shares in the company, valued at approximately $76,245,812.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of CL opened at $70.85 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 32.25. Colgate-Palmolive has a one year low of $57.41 and a one year high of $72.85. The stock has a market capitalization of $61.77 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 4.72 and a beta of 0.81.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, April 26th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Colgate-Palmolive had a net margin of 15.08% and a negative return on equity of 3,730.37%. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the business posted $0.74 earnings per share. Colgate-Palmolive’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts predict that Colgate-Palmolive will post 2.83 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Financial Planning LLC purchased a new stake in Colgate-Palmolive in the fourth quarter worth approximately $27,000. Parisi Gray Wealth Management boosted its holdings in Colgate-Palmolive by 365.3% in the fourth quarter. Parisi Gray Wealth Management now owns 470 shares of the company’s stock worth $28,000 after purchasing an additional 369 shares during the last quarter. Timber Creek Capital Management LLC boosted its holdings in Colgate-Palmolive by 247.1% in the fourth quarter. Timber Creek Capital Management LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 336 shares during the last quarter. Portfolio Solutions LLC purchased a new stake in Colgate-Palmolive in the fourth quarter worth approximately $30,000. Finally, WP Advisors LLC purchased a new stake in Colgate-Palmolive in the first quarter worth approximately $34,000. 75.99% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on CL shares. Zacks Investment Research cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Monday. Morgan Stanley increased their target price on Colgate-Palmolive from $62.00 to $68.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th. UBS Group increased their target price on Colgate-Palmolive from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, March 29th. BNP Paribas upgraded shares of Colgate-Palmolive from an “underperform” rating to a “neutral” rating and upped their price target for the company from $56.00 to $67.00 in a research report on Monday, February 11th. Finally, Wells Fargo & Co restated a “hold” rating and set a $57.00 price target on shares of Colgate-Palmolive in a research report on Friday, January 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $69.69.
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Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.
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