Markets

Colgate-Palmolive Stock Rising as CEO Cook Could Look to Sell

Colgate-Palmolive Stock Rising as CEO Cook Could Look to Sell

Institutional investors have recently modified their holdings of the company. Stock institutional ownership is 79.10% while insider ownership includes 0.30%. Trust Co. of Vermont raised its position in Colgate-Palmolive Company by 3.5% in the third quarter. Standard Life Investments LTD raised its stake in Colgate-Palmolive Company by 12.5% in the third quarter. Concannon Wealth Management LLC increased its position in Colgate-Palmolive Company by 33.8% in the third quarter. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $75.38. Nationwide Fund Advisors now owns 294,771 shares of the company's stock worth $21,854,000 after buying an additional 1,251 shares during the last quarter.

Colgate-Palmolive Company (Colgate) is a consumer products company. Alpha Windward LLC now owns 2,829 shares of the company's stock valued at $207,000 after buying an additional 18 shares during the last quarter. Albert D Mason Incorporated invested in 33,310 shares or 1.9% of the stock.

Colgate-Palmolive Company (CL) closed business day at $73.93 with -2.33%.

The stock's 50 day moving average is 72.84 and its 200 day moving average is 69.67. The company has market cap of $66.79 billion. Colgate-Palmolive has $88 highest and $65 lowest target. Colgate-Palmolive Company also was the target of unusually large options trading on Wednesday. Old Mutual Global (Uk) holds 0.03% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 24,846 shares. This is an increase of 712% compared to the average daily volume of 3,023 call options.




5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Colgate-Palmolive Company (CL) stands at -1.91 while the industry's and the sector's growth for next 5 years ticked at 6.91 and 10.81 respectively. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.72 earnings per share. Moreover, Frontier Invest Com has 0.02% invested in Colgate-Palmolive Company (NYSE:CL). The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter past year, the company earned $0.63 earnings per share. Year to date is -80.89%, -68.13% over the last quarter, -80.41% for the past six months and -93.25% over the last 12 months. Jefferies Group analyst K. Grundy expects that the company will post earnings per share of $2.91 for the year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, April 19th. This is an increase from Colgate-Palmolive Company's previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. Colgate-Palmolive Company's payout ratio is presently 57.35%. TRADEMARK VIOLATION WARNING: This report was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and worldwide copyright law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/05/18/courier-capital-llc-has-1-285-million-stake-in-colgate-palmolive-company-cl-updated.html. BlackRock Inc. boosted its position in shares of Colgate-Palmolive Company by 2,454.2% in the first quarter. Stifel Nicolaus decreased their price target on shares of Colgate-Palmolive Company from $75.00 to $70.00 and set a "hold" rating for the company in a research note on Monday, January 30th.

03/21/2017 - JP Morgan began new coverage on Colgate-Palmolive Company giving the company a "neutral" rating. Woodley Farra Manion Portfolio Management Inc acquired 5,870 shares as Colgate Palmolive Co (CL)'s stock 0.00%. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. At the time of writing, the First Call consensus price target for the company is $75.33. 3,833 shares valued at $258,842 were sold by Verduin Patricia on Wednesday, February 15. Investors may also be paying close concentration to some simple moving average indicators on shares of Colgate-Palmolive Company (CL). 7,072 shares valued at $472,296 were sold by Daniels Jennifer on Tuesday, December 13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The shares were sold at an average price of $71.92, for a total value of $575,360.00. Following the completion of the sale, the senior vice president now owns 102,838 shares in the company, valued at $7,356,002.14. The disclosure for this sale can be found here. "We as a company ... build value for our share owners and all the constituents in our company", Cook responded. COOK IAN M sold $1.90 million worth of stock.


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