Colgate-Palmolive Company (CL) Insider Patricia Verduin Sells 3,833 Shares

Colgate-Palmolive Company (NYSE:CL) insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive Company stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $75.67, for a total value of $290,043.11. Following the completion of the transaction, the insider now directly owns 53,022 shares in the company, valued at $4,012,174.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Patricia Verduin also recently made the following trade(s):

  • On Monday, April 17th, Patricia Verduin sold 3,833 shares of Colgate-Palmolive Company stock. The stock was sold at an average price of $73.72, for a total value of $282,568.76.

Colgate-Palmolive Company (NYSE CL) traded down 0.72% during midday trading on Tuesday, hitting $76.35. The stock had a trading volume of 2,383,172 shares. The company has a market cap of $67.44 billion, a P/E ratio of 27.55 and a beta of 0.82. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27. The firm’s 50-day moving average price is $74.36 and its 200 day moving average price is $71.01.

Colgate-Palmolive Company (NYSE:CL) last released its quarterly earnings data on Friday, April 28th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. Colgate-Palmolive Company had a return on equity of 3,725.55% and a net margin of 16.31%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the business posted $0.63 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, analysts expect that Colgate-Palmolive Company will post $2.92 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, July 14th. Colgate-Palmolive Company’s dividend payout ratio is currently 57.76%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Trust LLC raised its position in shares of Colgate-Palmolive Company by 1.8% in the first quarter. Atlantic Trust LLC now owns 28,253 shares of the company’s stock valued at $2,068,000 after buying an additional 499 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Colgate-Palmolive Company by 600.5% in the first quarter. Clearbridge Investments LLC now owns 207,571 shares of the company’s stock valued at $15,192,000 after buying an additional 177,940 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of Colgate-Palmolive Company by 0.3% in the first quarter. Perigon Wealth Management LLC now owns 36,591 shares of the company’s stock valued at $2,678,000 after buying an additional 113 shares in the last quarter. Sowell Financial Services LLC raised its position in shares of Colgate-Palmolive Company by 51.9% in the first quarter. Sowell Financial Services LLC now owns 3,877 shares of the company’s stock valued at $289,000 after buying an additional 1,325 shares in the last quarter. Finally, Piedmont Investment Advisors LLC raised its position in shares of Colgate-Palmolive Company by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 184,317 shares of the company’s stock valued at $13,490,000 after buying an additional 1,576 shares in the last quarter. 74.12% of the stock is owned by hedge funds and other institutional investors.

CL has been the topic of a number of recent analyst reports. Zacks Investment Research raised Colgate-Palmolive Company from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Friday, April 7th. Bank of America Corporation lifted their price objective on Colgate-Palmolive Company from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 price objective on shares of Colgate-Palmolive Company in a research note on Thursday, March 23rd. Finally, Jefferies Group LLC initiated coverage on Colgate-Palmolive Company in a research note on Tuesday, April 18th. They issued a “hold” rating and a $78.00 price objective on the stock. Fourteen analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $75.41.

Colgate-Palmolive Company 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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