In today’s session Colgate-Palmolive Company (CL) registered an unusually high (330) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious CL increase. With 330 contracts traded and 4164 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: CL170519C00072500 closed last at: $3.05 or 35% up. About 1.80M shares traded hands. Colgate-Palmolive Company (NYSE:CL) has declined 0.98% since April 8, 2016 and is downtrending. It has underperformed by 6.63% the S&P500.
Colgate-Palmolive Company (NYSE:CL) Ratings Coverage
Out of 16 analysts covering Colgate-Palmolive (NYSE:CL), 3 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 19% are positive. $88 is the highest target while $65 is the lowest. The $72.63 average target is 8.14% above today’s ($67.16) stock price. Colgate-Palmolive has been the topic of 29 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, January 6, the company rating was initiated by Atlantic Securities. On Friday, July 29 the stock rating was maintained by Citigroup with “Buy”. The company was maintained on Thursday, April 14 by Citigroup. The firm has “Neutral” rating by Goldman Sachs given on Monday, May 2. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Buy” rating by Sterne Agee CRT on Tuesday, July 21. The company was initiated on Friday, September 9 by KeyBanc Capital Markets. S&P Research maintained it with “Hold” rating and $69 target price in Monday, November 2 report. The firm earned “Neutral” rating on Friday, October 28 by B. Riley & Co. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Neutral” rating by UBS on Friday, April 29. The rating was downgraded by BNP Paribas on Friday, July 29 to “Neutral”.
According to Zacks Investment Research, “Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Household Surface Care, Fabric Care and Pet Nutrition. Colgate sells its products in countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, Ajax, Axion, Soupline, Suavitel and Fab, as well as Hill’s Science Diet and Hill’s Prescription Diet pet foods. (Company Press Release)”
Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.04, from 0.91 in 2016Q1. The ratio is negative, as 47 funds sold all Colgate-Palmolive Company shares owned while 440 reduced positions. 53 funds bought stakes while 371 increased positions. They now own 618.55 million shares or 5.94% less from 657.64 million shares in 2016Q1.
Moreover, Prospector Lc has 0.96% invested in Colgate-Palmolive Company (NYSE:CL) for 77,550 shares. Highbridge Cap Mgmt Limited Liability, a New York-based fund reported 149,754 shares. Madison Inv Inc holds 5,647 shares or 0.01% of its portfolio. First Eagle Invest Mngmt Ltd Llc has 4.67M shares for 0.87% of their US portfolio. Whitnell has invested 0.23% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Millennium Ltd Company holds 0.12% or 727,515 shares in its portfolio. Profund Limited Liability Company accumulated 25,817 shares or 0.09% of the stock. M Secs accumulated 0.2% or 5,370 shares. Teachers Retirement Sys Of The State Of Kentucky holds 0.11% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 115,000 shares. Sfe Invest Counsel last reported 0.29% of its portfolio in the stock. Smith Salley And Assoc holds 0.4% or 23,699 shares in its portfolio. Rockland last reported 4,722 shares in the company. Tiaa Cref Mgmt Ltd Llc last reported 0.17% of its portfolio in the stock. Pnc Serv Gru Inc, a Pennsylvania-based fund reported 2.03 million shares. Hugh Johnson last reported 7,328 shares in the company.
Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 12 insider sales for $11.29 million net activity. Shares for $1.01M were sold by HUSTON JOHN J. Another trade for 3,834 shares valued at $277,543 was sold by Verduin Patricia. 8,000 shares with value of $597,254 were sold by KOGAN RICHARD J on Wednesday, August 10. The insider HANCOCK ELLEN M sold $328,085. MOISON FRANCK J sold $1.13 million worth of Colgate-Palmolive Company (NYSE:CL) on Thursday, August 11. $5.89M worth of Colgate-Palmolive Company (NYSE:CL) was sold by Wallace Noel R. on Tuesday, August 2. The insider Skala Justin sold 89,200 shares worth $6.44 million.
Colgate-Palmolive Company is a consumer products company, whose products are marketed in over 200 countries and territories throughout the world. The company has a market cap of $58.68 billion. The Company’s divisions include Oral, Personal and Home Care, and Pet Nutrition. It has a 43.96 P/E ratio. The Oral, Personal and Home Care product segment is operated through over five geographic divisions, which include North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia.
CL Company Profile
Colgate-Palmolive Company (Colgate), incorporated on July 25, 1923, is a consumer products company, whose products are marketed in over 200 countries and territories throughout the world. The Firm operates in two product divisions: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through over five geographic divisions, which include North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia. The Company’s oral care products include Colgate Total; Colgate Sensitive Pro-Relief; Colgate Max Fresh; Colgate Maximum Cavity Protection with Sugar Acid Neutralizer; Colgate Optic White and Colgate Luminous White toothpastes, and Colgate Optic White, Colgate Total and Colgate Plax mouthwashes. Colgate’s Oral Care business also includes pharmaceutical products for dentists and other oral health professionals. The Firm sells its personal care products under the Palmolive, Protex and Softsoap brands. The Company, through its Hill’s Pet Nutrition segment (Hill’s), makes pet nutrition products for dogs and cats with products marketed in over 80 countries across the world.
Another recent and important Colgate-Palmolive Company (NYSE:CL) news was published by Businesswire.com which published an article titled: “Fitch Plans to Withdraw Ratings of Colgate-Palmolive Company” on November 09, 2016.
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