Colgate-Palmolive Company [CL] Chief Human Resources Officer makes an insider sale of 656 shares worth 50,890.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Colgate-Palmolive Company shares valued at $50,890 were sold by Massey Sally on Sep 13. At $77.58 per share, Massey Sally sold 656 shares. The insider’s holdings dropped to 7,913 shares worth approximately $0.6 million following the completion of this transaction.

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Also, Parameswaran Prabha sold 48,778 shares, netting a total of over 3,843,565 in proceeds. Following the sale of shares at $78.80 each, the insider now holds 6,787 shares.

Before that, Daniels Jennifer had sold 24,703 shares from its account. In a trade valued at $2,007,176, the CLO and Secretary traded Colgate-Palmolive Company shares for $81.25 each. Upon closing the transaction, the insider’s holdings decreased to 24,703 shares, worth approximately $3.63 million.

As published in a research note from Wells Fargo on August 01, 2022, Colgate-Palmolive Company [CL] has been rated up from an Underweight to an Equal weight and the price target has been revised to $80 from $71. This represents a 5.8% premium over Thursday’s closing price. Analysts at Atlantic Equities downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of April 08, 2022, Raymond James has initiated its “Mkt perform” rating for CL. Earlier on February 02, 2022, Bernstein upgraded its rating. Their new recommendation was “a Mkt perform” for CL stock which previously was a “an Underperform”.

Analyzing CL’s Price Performance

On Thursday, Colgate-Palmolive Company [NYSE: CL] rose 0.61% to $75.36. The stock’s lowest price that day was $74.71, but it reached a high of $75.73 in the same session. During the last five days, there has been a surge of approximately 0.17%. Over the course of the year, Colgate-Palmolive Company shares have dropped approximately -11.69%. Shares of the company reached a 52-week high of $85.61 on 01/06/22 and a 52-week low of $72.20 on 03/18/22. A 50-day SMA is recorded $78.86, while a 200-day SMA reached $79.09. Nevertheless, trading volume fell to 3.45 million shares from 2.88 million shares the previous day.

Support And Resistance Levels for Colgate-Palmolive Company (CL)

According to the 24-hour chart, there is a support level at 74.80, which, if violated, would cause prices to drop to 74.25. In the upper region, resistance lies at 75.82. The next price resistance is at 76.29. RSI (Relative Strength Index) is 37.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.44, which suggests the price will decrease in the coming days. Percent R is at 85.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Colgate-Palmolive Company subject to short interest?

Stocks of Colgate-Palmolive Company saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.57 million shares to 10.06 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.63 million shares. A decline of -25.55% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.17 of the overall float, the days-to-cover ratio (short ratio) decline to 2.17.

Which companies own the most shares of Colgate-Palmolive Company (CL)?

According to The Vanguard Group, Inc. filings, the company currently owns 74,252,604 shares, which is about 8.86% of the total CL shares outstanding. The investor’s shares have appreciated by 487,354 from its previous 13-F filing of 73765250.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $3,857,095,240. BlackRock Fund Advisors reduced a -2.00% interest valued at $3.14 billion while Wellington Management Co. LLP sold a -2,660,497 stake. A total of -1,961,032 shares of Colgate-Palmolive Company were sold by Massachusetts Financial Services during the quarter, and 427,174 were bought by Geode Capital Management LLC. In its current portfolio, First Eagle Investment Management holds 11,228,068 shares valued at $878.15 million.

In terms of Colgate-Palmolive Company share price expectations, FactSet research, analysts set an average price target of $82.50 in the next 12 months, up nearly 9.48% from the previous closing price of $74.90. Analysts anticipate Colgate-Palmolive Company stock to reach $91.00 by 2022, with the lowest price target being $68.00. In spite of this, 23 analysts ranked Colgate-Palmolive Company stock as an Overweight at the end of 2022. On January 31, 2022, Wells Fargo assigned a price target of “an Underweight” to the stock and reiterated coverage with a $76.


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