There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Colgate-Palmolive Company (CL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.05%, to $73.24. The Colgate-Palmolive Company has recorded 589,791 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Colgate-Palmolive Webcasts Presentation at the Barclays 2023 Global Consumer Staples Conference.
As a NYSE listed company, CL falls under the Consumer Defensive sector while operating within the Household & Personal Products industry segment. At the end of the last regular session, the stock closed at $73.20 and fluctuated between $73.80 as its day high and $73.09 as its day low. The current market capitalization of Colgate-Palmolive Company is $60.81B. A total of 3.8 million shares were traded on the day, compared to an average of 4.41M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CL has seen 5 BUY and 1 SELL insider trades, representing the acquisition of 22,665 and the disposition of 21,677 shares. Over the last 12 months, there were 46 BUYs and 31 SELLs from insiders. Insiders purchased 406,091 shares during that period but sold 353,677.
In the most recent transaction, Malcolm Gregory sold 10,493 shares of CL for 73.90 per share on Aug 31. After the transaction, the Vice President and Controller now owns 7,852 company shares. In a previous transaction on Aug 30, Malcolm Gregory sold 1,365 shares at 73.85 per share. CL shares that Vice President and Controller owns now total 7,852.
Among the insiders who sold shares, Kooyman John W disposed of 21,677 shares on Aug 02 at a per-share price of $77.69. This resulted in the Chief of Staff holding 6,384 shares of CL after the transaction. In another insider transaction, Daniels Jennifer sold 24,703 shares at $79.70 per share on May 19. Company shares held by the CLO and Secretary now total 52,769.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Colgate-Palmolive Company pays an annual dividend of $1.92, resulting in a dividend yield of 2.62%, and it has a price to earnings (P/E) ratio of 40.83. CL’s most recent ex-dividend date was 7/20/2023 when it declared a $0.48 quarterly dividend that was paid in cash on 8/15/2023. Previously, the company paid the dividend on 5/15/2023 with an ex-dividend date of 4/20/2023. The CL stock dividend was $0.48 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CL in the last 3 months, the mean price target is $85.40 with high estimates of $98.00 and low estimates of $68.00. In terms of 52-week highs and lows, CL has a high of $82.09 and a low of $67.84.
As of this writing, CL has an earnings estimate of $0.8 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.83 per share and a lower estimate of $0.78. The company reported an EPS of $0.73 in the last quarter, which was 4.30% higher than expectations of $0.7.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CL’s latest balance sheet shows that the firm has $832.00M in Cash & Short Term Investments as of fiscal 2021. There were $7.25B in debt and $4.00B in liabilities at the time. Its Book Value Per Share was -$0.08, while its Total Shareholder’s Equity was $971.00M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CL is Buy with a score of 4.07.