Colgate-Palmolive Company (NYSE:CL) COO Justin Skala sold 126,393 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $72.97, for a total value of $9,222,897.21. Following the sale, the chief operating officer now owns 262,361 shares in the company, valued at $19,144,482.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Colgate-Palmolive Company (NYSE:CL) opened at $72.48 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 24.42. 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 $64,505.61, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 3.36 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last released its earnings results 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 for the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the company posted $0.73 EPS. The business’s revenue was up 2.8% on a year-over-year basis. sell-side analysts predict that Colgate-Palmolive Company will post 2.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, October 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is 61.78%.

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A number of equities research analysts have recently commented on the company. KeyCorp restated a “hold” rating on shares of Colgate-Palmolive in a research report on Monday, October 16th. Zacks Investment Research cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Jefferies Group LLC restated a “hold” rating and set a $79.00 target price (up from $77.00) on shares of Colgate-Palmolive in a research report on Monday, July 24th. Deutsche Bank AG restated a “hold” rating and set a $75.00 target price on shares of Colgate-Palmolive in a research report on Monday, July 24th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Colgate-Palmolive in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $76.67.

Several hedge funds have recently added to or reduced their stakes in CL. Renaissance Technologies LLC raised its position in shares of Colgate-Palmolive by 42.4% during the 2nd quarter. Renaissance Technologies LLC now owns 9,753,400 shares of the company’s stock valued at $723,020,000 after buying an additional 2,903,800 shares during the period. APG Asset Management N.V. raised its position in shares of Colgate-Palmolive by 243.0% during the 3rd quarter. APG Asset Management N.V. now owns 4,070,784 shares of the company’s stock valued at $296,557,000 after buying an additional 2,884,100 shares during the period. Harding Loevner LP raised its position in shares of Colgate-Palmolive by 92.0% during the 3rd quarter. Harding Loevner LP now owns 4,742,752 shares of the company’s stock valued at $176,329,000 after buying an additional 2,272,675 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Colgate-Palmolive by 84.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock valued at $333,380,000 after buying an additional 2,082,262 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of Colgate-Palmolive by 35.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,641,548 shares of the company’s stock valued at $483,837,000 after buying an additional 1,750,417 shares during the period. 73.87% of the stock is currently 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.

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

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