In yesterday’s Wall Street session, Colgate-Palmolive Co. (NYSE:CL) shares traded at $102.18, up 1.58% from the previous session.
CL stock price is now 4.61% away from the 50-day moving average and 16.76% away from the 200-day moving average. The market capitalization of the company currently stands at $83.49B.
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On July 24, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $103 to quote $95, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Tsourapas Panagiotis, Grp Pres, Eur& Developing Mkts sold 14,794 shares of the company’s stock on Aug 08 ’24. The stock was sold for $1,522,920 at an average price of $102.94. Upon completion of the transaction, the Grp Pres, Eur& Developing Mkts now directly owns 5,146 shares in the company, valued at $0.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, CLO and Secretary Daniels Jennifer sold 22,000 shares of the business’s stock. A total of $2,260,729 was realized by selling the stock at an average price of $102.76. This leaves the insider owning 59,726 shares of the company worth $6.1 million. A total of 0.10% 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 $104.15. As of last week, the company has a debt-to-equity ratio of 70.54, a current ratio of 1.06, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $91189960704, which is based on a 29.70 price-to-earnings ratio, a 3.48 price-to-earnings-growth ratio, and a beta of 0.39. The fifty day moving average price for CL is $97.8672 and a two-hundred day moving average price translates $87.66095 for the stock.
The latest earnings results from Colgate-Palmolive Co. (NYSE: CL) was released for 2024-06-30. The net profit margin was 14.21% and return on equity was 9627.12% for CL. The company reported revenue of $5.06 billion for the quarter, compared to $4.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.89 percent.
