Colgate-Palmolive (NYSE:CL) Insider Ian M. Cook Sells 19,500 Shares

Colgate-Palmolive (NYSE:CL) insider Ian M. Cook sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $71.21, for a total transaction of $1,388,595.00. Following the sale, the insider now owns 1,107,742 shares of the company’s stock, valued at $78,882,307.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE CL traded up $0.91 during trading on Friday, reaching $72.28. 2,470,322 shares of the stock were exchanged, compared to its average volume of 3,577,448. The business’s 50-day moving average price is $72.54 and its 200 day moving average price is $69.91. Colgate-Palmolive has a twelve month low of $57.41 and a twelve month high of $76.41. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 32.25. The company has a market capitalization of $61.51 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 4.61 and a beta of 0.76.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, July 26th. The company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. Colgate-Palmolive had a net margin of 14.77% and a negative return on equity of 10,821.98%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.88 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that Colgate-Palmolive will post 2.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 18th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.38%. Colgate-Palmolive’s payout ratio is currently 57.91%.

Several equities research analysts have issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of Colgate-Palmolive from $61.00 to $73.00 and gave the stock an “in-line” rating in a research note on Monday, April 29th. They noted that the move was a valuation call. Wells Fargo & Co boosted their price objective on shares of Colgate-Palmolive from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. UBS Group boosted their target price on shares of Colgate-Palmolive from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Bank of America set a $80.00 target price on shares of Colgate-Palmolive and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Argus boosted their target price on shares of Colgate-Palmolive from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $73.13.

Several hedge funds and other institutional investors have recently bought and sold shares of CL. Nuveen Asset Management LLC raised its holdings in Colgate-Palmolive by 16,117.1% in the second quarter. Nuveen Asset Management LLC now owns 6,435,107 shares of the company’s stock valued at $461,204,000 after acquiring an additional 6,395,426 shares in the last quarter. Invesco Ltd. raised its holdings in Colgate-Palmolive by 201.8% in the second quarter. Invesco Ltd. now owns 8,642,044 shares of the company’s stock valued at $619,374,000 after acquiring an additional 5,778,145 shares in the last quarter. FMR LLC raised its holdings in Colgate-Palmolive by 29.1% in the first quarter. FMR LLC now owns 7,384,604 shares of the company’s stock valued at $506,141,000 after acquiring an additional 1,665,348 shares in the last quarter. AQR Capital Management LLC raised its holdings in Colgate-Palmolive by 52.2% in the second quarter. AQR Capital Management LLC now owns 3,485,442 shares of the company’s stock valued at $249,801,000 after acquiring an additional 1,195,074 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Colgate-Palmolive by 1.4% in the second quarter. Vanguard Group Inc. now owns 76,502,840 shares of the company’s stock valued at $5,482,958,000 after acquiring an additional 1,056,530 shares in the last quarter. 75.64% of the stock is currently owned by institutional investors and hedge funds.

About Colgate-Palmolive

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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Insider Buying and Selling by Quarter for Colgate-Palmolive (NYSE:CL)

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