Traders sold shares of Colgate-Palmolive (NYSE:CL) on strength during trading hours on Monday. $31.37 million flowed into the stock on the tick-up and $138.52 million flowed out of the stock on the tick-down, for a money net flow of $107.15 million out of the stock. Of all equities tracked, Colgate-Palmolive had the 0th highest net out-flow for the day. Colgate-Palmolive traded up $0.24 for the day and closed at $71.46
A number of equities analysts have recently weighed in on the company. Jefferies Group reaffirmed a “hold” rating and set a $79.00 target price on shares of Colgate-Palmolive in a research report on Friday, January 26th. Societe Generale lowered Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $66.00 price target for the company. in a research report on Wednesday, November 29th. They noted that the move was a valuation call. Zacks Investment Research lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Citigroup lowered their price target on Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus set a $73.00 price target on Colgate-Palmolive and gave the company a “hold” rating in a research report on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $77.91.
The firm has a market capitalization of $61,490.00, a P/E ratio of 27.04, a PEG ratio of 2.65 and a beta of 0.75. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 27.02.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Tuesday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, January 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.28%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 61.78%.
In other Colgate-Palmolive news, Vice Chairman Franck J. Moison sold 44,418 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $69.87, for a total value of $3,103,485.66. Following the completion of the transaction, the insider now owns 211,048 shares in the company, valued at approximately $14,745,923.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Noel R. Wallace sold 126,304 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $73.78, for a total value of $9,318,709.12. Following the completion of the transaction, the chief operating officer now owns 305,631 shares of the company’s stock, valued at approximately $22,549,455.18. The disclosure for this sale can be found here. Insiders sold a total of 421,019 shares of company stock valued at $30,031,097 in the last 90 days. Corporate insiders own 1.02% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Beach Investment Management LLC. bought a new position in shares of Colgate-Palmolive during the 2nd quarter worth $3,954,000. Federated Investors Inc. PA grew its stake in shares of Colgate-Palmolive by 156.4% during the 2nd quarter. Federated Investors Inc. PA now owns 52,777 shares of the company’s stock worth $3,913,000 after acquiring an additional 32,193 shares during the period. MARSHALL WACE ASIA Ltd grew its stake in shares of Colgate-Palmolive by 1,419.1% during the 2nd quarter. MARSHALL WACE ASIA Ltd now owns 518,823 shares of the company’s stock worth $38,393,000 after acquiring an additional 484,670 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Colgate-Palmolive by 0.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,591,711 shares of the company’s stock worth $192,124,000 after acquiring an additional 6,857 shares during the period. Finally, Welch Group LLC grew its stake in shares of Colgate-Palmolive by 7.4% during the 2nd quarter. Welch Group LLC now owns 226,245 shares of the company’s stock worth $16,772,000 after acquiring an additional 15,585 shares during the period. Hedge funds and other institutional investors own 71.52% of the company’s stock.
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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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