The price of Colgate-Palmolive Co. (NYSE:CL) shares last traded on Wall Street rose 0.33% to $88.87.
CL stock price is now 1.96% away from the 50-day moving average and 12.53% away from the 200-day moving average. The market capitalization of the company currently stands at $73.15B.
, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Wallace Noel R., Chairman, President & CEO sold 69,948 shares of the company’s stock on Feb 20 ’24. The stock was sold for $5,890,887 at an average price of $84.22. Upon completion of the transaction, the Chairman, President & CEO now directly owns 286,881 shares in the company, valued at $25.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, CLO and Secretary Daniels Jennifer sold 3,538 shares of the business’s stock. A total of $299,578 was realized by selling the stock at an average price of $84.67. This leaves the insider owning 59,698 shares of the company worth $5.31 million. A total of 0.12% 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 $90.37. As of last week, the company has a debt-to-equity ratio of 14.88, a current ratio of 1.11, and a quick ratio of 0.71.
According to the Household & Personal Products Company, earnings per share came in at 0.73, beating analysts’ expectations of 0.7 by 0.03. This compares to $0.06 EPS in the same period last year. The net profit margin was 11.82% and return on equity was 455.45% for CL. The company reported revenue of $4.95 billion for the quarter, compared to $4.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.93 percent. For the current quarter, analysts expect CL to generate $4.96B in revenue.
