In yesterday’s Wall Street session, Colgate-Palmolive Co. (NYSE:CL) shares traded at $94.08, up 0.65% from the previous session.
CL stock price is now 6.05% away from the 50-day moving average and 17.85% away from the 200-day moving average. The market capitalization of the company currently stands at $77.19B.
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, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Kooyman John W, Chief of Staff sold 3,497 shares of the company’s stock on May 07 ’24. The stock was sold for $326,882 at an average price of $93.47. Upon completion of the transaction, the Chief of Staff now directly owns 3,181 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, Director BILBREY JOHN P sold 6,329 shares of the business’s stock. A total of $579,696 was realized by selling the stock at an average price of $91.59. This leaves the insider owning 30,236 shares of the company worth $2.84 million. A total of 0.13% of the company’s stock is owned by insiders.
During the past 12 months, Colgate-Palmolive Co. has had a low of $67.62 and a high of $94.40. As of last week, the company has a debt-to-equity ratio of 37.78, a current ratio of 1.06, and a quick ratio of 0.70.
According to the Household & Personal Products Company, earnings per share came in at 0.77, beating analysts’ expectations of 0.75 by 0.02. This compares to $0.50 EPS in the same period last year. The net profit margin was 13.22% and return on equity was 2331.25% for CL. The company reported revenue of $5.07 billion for the quarter, compared to $4.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.18 percent. For the current quarter, analysts expect CL to generate $4.66B in revenue.
