The CMO of Colgate-Palmolive (NYSE: CL) is Selling Shares

By Carrie Williams

Yesterday, the CMO of Colgate-Palmolive (NYSE: CL), Mukul Deoras, sold shares of CL for $500.6K.

Based on Colgate-Palmolive’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $3.89 billion and quarterly net profit of $323 million. In comparison, last year the company earned revenue of $3.72 billion and had a net profit of $606 million. The company has a one-year high of $77.91 and a one-year low of $67.52. CL’s market cap is $61.73B and the company has a P/E ratio of 30.54.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $76.2, reflecting a -8.6% downside. Five different firms, including Goldman Sachs and Investec, currently also have a Sell rating on the stock.

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Colgate-Palmolive Co. engages in the manufacturing and distribution of consumer products. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition.