Colgate Palmolive Co (CL) Files Form 4 Insider Selling : Justin Skala Sells 89,200 Shares

Colgate Palmolive Co (CL): Justin Skala , COO NA, Eur, Afr/E & Gl Sust of Colgate Palmolive Co sold 89,200 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $72.17 per share for a total value of $6,437,698.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, John J Huston (Sr. VP Office of the Chairman) sold 14,000 shares at $72.23 per share price.On May 13, 2016, Ellen M Hancock (director) sold 4,566 shares at $71.85 per share price.Also, On May 11, 2016, Noel R. Wallace (COO G1.Innov.&Gwth &Hill’s) sold 8,931 shares at $72.06 per share price.On May 9, 2016, Delia H Thompson (SrVP Investor Relations) sold 40,000 shares at $72.08 per share price.

Colgate-Palmolive Company: On Tuesday, May 10, 2016 heightened volatility was witnessed in Colgate-Palmolive Company which led to swings in the share price. The shares opened for trading at $71.86 and hit $72.245 on the upside , eventually ending the session at $72.2, with a gain of 0.61% or 0.44 points. The heightened volatility saw the trading volume jump to 27,10,879 shares. The 52-week high of the share price is $72.45 and the company has a market cap of $64,476 M . The 52-week low of the share price is at $50.84.

Colgate-Palmolive Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Colgate-Palmolive Company is Upgraded by Goldman to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on May 2, 2016.Colgate-Palmolive Company is Reiterated by UBS to Neutral and the brokerage firm has raised the Price Target to $ 76 from a previous price target of $73 .The Rating was issued on Apr 29, 2016.Colgate-Palmolive Company is Downgraded by Sterne Agee CRT to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 26, 2016.

Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral Personal and Home Care and Pet Nutrition. The Oral Personal and Home Care product segment is operated through five geographic segments: 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 Optic White and Colgate Luminous White toothpastes among others. The Company sells its personal care products under the Palmolive Protex and Softsoap brands. The Company through its Hill’s Pet Nutrition segment (Hill’s) manufactures pet nutrition products for dogs and cats.

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