Colgate Palmolive Co (CL) Files Form 4 Insider Selling : Patricia Verduin Sells 3,666 Shares

Colgate Palmolive Co (CL): Patricia Verduin , Chief Technology Officer of Colgate Palmolive Co sold 3,666 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $72.19 per share for a total value of $264,648.53 , 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 18, 2016, Patricia Verduin (Chief Technology Officer) sold 3,666 shares at $71.59 per share price.On May 13, 2016, Justin Skala (COO NA, Eur, Afr/E & Gl Sust) sold 89,200 shares at $72.17 per share price.Also, 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.

Shares of Colgate-Palmolive Company (CL) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.37 points or -0.51% at $71.72 with 21,52,890 shares getting traded. Post opening the session at $72.19, the shares hit an intraday low of $71.62 and an intraday high of $72.285 and the price vacillated in this range throughout the day. The company has a market cap of $64,047 M and the number of outstanding shares has been calculated to be 89,30,17,690 shares. The 52-week high of Colgate-Palmolive Company is $72.72 and the 52-week low is $50.84.

Colgate-Palmolive Company Money Flow Index Chart

On Jun 9, 2016, Colgate-Palmolive Company announced a cash dividend of $0.3900. The company’s management has announced Jul 20, 2016 as the ex-dividend date and fixed the record date on Jul 22, 2016. The payable date has been fixed on Aug 15, 2016.

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 (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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