Mitchell Mcleod Pugh & Williams Inc. Decreases Position in Colgate-Palmolive Company (CL)

Marco Green
May 19, 2017

Shares of Colgate-Palmolive Company (NYSE:CL) were surging close to all-time highs on Wednesday morning, following an overnight report that the company is open to a sale. Looking at the stock's movement on the chart, Colgate-Palmolive Company recorded a 52-week high of $76.86. (CL) has a trading volume of 7.49 Million shares, with an average trading volume of 5210 shares - with shares dropping to a 52 week low of $63.09, and the company's shares hitting a 52 week high of $ 76.86. For the next 5 years, Colgate-Palmolive Co.is expecting Growth of 8.58% per annum, whereas in the past 5 years the growth was 1% per annum. Fourteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Shifting the focus to some ROIC (Return on Invested Capital) numbers, Colgate-Palmolive Company (NYSE:CL)'s ROIC is 0.460675. The stock notched a 12-month high of $75.45 while $90.00 target is by far the most aggressive out of analysts who are now evaluating the company, $14.55 higher than the next highest 52-week price estimate.

Colgate-Palmolive Co. (CL) has an Analysts' Mean Recommendation of 2.8, according to data compiled by Finviz. The Woodley Farra Manion Portfolio Management Inc holds 54,798 shares with $3.59M value, up from 48,928 last quarter. The stock has earnings growth of 42837.10% yoy and showed a high EPS growth of 15.80% over the past five years. The stock has jumped to over a 2-week high and has re-crossed its 50-day moving average. The stock is now trading -6.51% below its SMA 50 and -3.66% below its SMA 200. The company's 5 year Earnings per share growth and Capital Spending growth remains at 1.92 and 2. Flossbach Von Storch Ag has 0.7% invested in Colgate-Palmolive Company (NYSE:CL) for 659,850 shares. Finally, Marshall Wace North America L.P. purchased a new position in Colgate-Palmolive Company during the first quarter valued at approximately $49,405,000. The original version of this article can be read at https://sportsperspectives.com/2017/05/18/mitchell-mcleod-pugh-williams-inc-sells-313-shares-of-colgate-palmolive-company-cl-updated-updated-updated.html.

On 05/17/2017 close, General Motors Company (NYSE:GM) plummeted -2.99% to $32.42. The stock of Colgate-Palmolive Company (NYSE:CL) earned "Buy" rating by Citigroup on Thursday, April 14. HUSTON JOHN J had sold 14,000 shares worth $932,999.

TRADEMARK VIOLATION NOTICE: "Colgate-Palmolive Company (CL) Downgraded by Zacks Investment Research" was first published by Transcript Daily and is the property of of Transcript Daily. The stock now has a consensus rating of "Hold" and an average price target of $74.86. The stock has a market cap of $65.30 billion, a price-to-earnings ratio of 26.68 and a beta of 0.70. First Manhattan Co. boosted its position in shares of Colgate-Palmolive Company by 6.3% in the first quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CL. Atria Investments LLC increased its position in Colgate-Palmolive Company by 35.9% in the first quarter. Marsili Daniel B also sold $533,556 worth of Colgate-Palmolive Company (NYSE:CL) on Tuesday, February 21.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Country Club Trust Na invested in 57,121 shares or 1.04% of the stock. Berenberg Bank started coverage on Colgate-Palmolive Company in a research note on Wednesday, January 25th. They now have a Dollars 75 price target on the stock. The company's current price-earnings ratio amounts to 25.89 times earnings, below the average P/E ratio of 72.42 times earnings. The firm's quarterly revenue was up.0% compared to the same quarter previous year. The firm has "Hold" rating by Jefferies given on Wednesday, April 19. A simple moving average (SMA) is an arithmetic moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. On Monday, May 15 the insider Verduin Patricia sold $273,446.

"We as a company ... build value for our share owners and all the constituents in our company", Cook responded. Stock institutional ownership is 79.10% while insider ownership includes 0.30%. The disclosure for this sale can be found here. Following the completion of the sale, the insider now directly owns 53,022 shares of the company's stock, valued at approximately $3,908,781.84. Colgate Palmolive Co now has $69.05B valuation. The Firm operates in two product divisions: Oral, Personal and Home Care, and Pet Nutrition.

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