Patricia Verduin Sells 3833 Shares of Colgate-Palmolive Company (CL) Stock

Jay Anderson
May 19, 2017

The stock closing price is now trading upward to its 50 day moving average with change of 3.87%, escalated to its 20 day moving average with figure of 4.76% and above its 200 day moving average with value 7.92%. Standard Life Investments LTD raised its position in Colgate-Palmolive Company by 12.5% in the third quarter. It worsened, as 53 investors sold Colgate-Palmolive Company shares while 472 reduced holdings. This change led market cap to move at $67.20B, putting the price 1.34% below the 52-week high and 19.97% above the 52-week low. Smith Moore reported 0.26% in Colgate-Palmolive Company (NYSE:CL). BKD Wealth Advisors LLC now owns 41,241 shares of the company's stock valued at $3,018,000 after buying an additional 919 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Colgate-Palmolive Company by 43.8% in the third quarter. Finally, Newman Dignan & Sheerar Inc. bought a new position in Colgate-Palmolive Company during the third quarter worth approximately $193,000. Colgate-Palmolive Company also was the recipient of unusually large options trading activity on Wednesday. Institutional investors own 73.24% of the company's stock.

Analysts await Colgate-Palmolive Company (NYSE:CL) to report earnings on July, 27. The stock has a 50-day moving average price of $72.90 and a 200 day moving average price of $69.74.

Colgate-Palmolive Company (NYSE:CL) last posted its quarterly earnings results on Friday, April 28th. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 1.5%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.80 billion. Over the short term, some market observers may have noticed that Colgate-Palmolive Company has a 0.93% short float with 15 days to cover. 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. The average analysts gave this company a mean recommendation of 2.80.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were issued a $0.40 dividend. Flossbach Von Storch Ag has 0.7% invested in Colgate-Palmolive Company (NYSE:CL) for 659,850 shares. The firm earned "Hold" rating on Wednesday, April 19 by Jefferies. The stock's Dividend Yield stands at 2.11%. Colgate-Palmolive Company's payout ratio is now 57.35%.

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In related news, insider Patricia Verduin sold 3,833 shares of the firm's stock in a transaction dated Monday, April 17th.

CL has been the topic of a number of research reports.

In particular, there has been talk that Colgate-Palmolive is being stalked by Unilever, the London-based maker of Dove soap, Axe deodorant and Hellmann's mayonnaise. They set a "hold" rating and a $78.00 price target for the company. Analysts reported that the Price Target for Colgate-Palmolive Co. might touch $90 high while the Average Price Target and Low price Target is $75.45 and $65 respectively. Zacks Investment Research raised Colgate-Palmolive Company from a "sell" rating to a "hold" rating in a report on Friday, March 24th. BNP Paribas upgraded Colgate-Palmolive Company from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 21st. In current trading day Target Corporation (TGT) stock confirmed the flow of 0.94% with the final price of $55.04.

To stay one step ahead we extended our research by comparing different price targets.

Colgate-Palmolive Company (CL) is an interesting player in the Consumer Goods space, with a focus on Personal Products. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Stock institutional ownership is 79.10% while insider ownership includes 0.30%. The share price is now up 10.92% for the past three months. Following the completion of the sale, the vice president now directly owns 73,904 shares in the company, valued at $5,466,678.88. The disclosure for this sale can be found here. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Finally, Asset Advisors Corp raised its stake in Colgate-Palmolive Company by 14.0% in the third quarter. The Firm operates in two product divisions: Oral, Personal and Home Care, and Pet Nutrition.

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