Large Outflow of Money Witnessed in Colgate-Palmolive Company

Shares of Colgate-Palmolive Company (CL) advanced to $64.9. The price had gained 0.5% or 0.32 points intraday. The latest trading session witnessed $32.77 million in upticks and $36.64 million in downticks, resulting in net money flow of (-3.88) million. The up/down ratio for the day stood at 0.89. On a weekly scale, the price has seen a change of 0.34%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-4.58) million occurred during the day. $2.04 million in uptick and $6.62 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.31.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Colgate-Palmolive Company has lost 5.42% in the last five trading days and dropped 0.53% in the last 4 weeks. Colgate-Palmolive Company has dropped 8.78% during the last 3-month period . Year-to-Date the stock performance stands at -0.53%. Colgate-Palmolive Company (NYSE:CL) rose 0.22% or 0.14 points on Wednesday and made its way into the gainers of the day. After trading began at $64.5 the stock was seen hitting $65 as a peak level and $64.43 as the lowest level. The stock ended up at $64.72. The daily volume was measured at 4,916,431 shares. The 52-week high of the share price is $75.38 and the 52-week low is $63.43. The company has a market cap of $57,526 million.

Company has reported several Insider transactions to the SEC, on Jan 19, 2017, Patricia Verduin (Chief Technology Officer) sold 3,833 shares at 65.99 per share price.On Jan 11, 2017, Jennifer Daniels (CLO and Secretary) sold 868 shares at 66.62 per share price.On Aug 15, 2016, Franck J Moison (COO Emerging Mkts.& So. Pacif.) sold 15,000 shares at 75.16 per share price.

Colgate-Palmolive Company Last issued its quarterly earnings results on Jan 27, 2017. The company reported $0.75 EPS for the quarter. Analyst had a consensus estimate of $0.75. The company had revenue of $3721.00 million for the quarter, compared to analysts expectations of $3868.27 million. The companys revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Colgate-Palmolive Company was Downgraded by Citigroup to Neutral on Jan 30, 2017. Colgate-Palmolive Company was Reiterated by Stifel on Jan 30, 2017 to Hold, Lowers Price Target to $ 70 from a previous price target of $75 .Colgate-Palmolive Company was Initiated by Berenberg to Hold on Jan 25, 2017. Colgate-Palmolive Company was Resumed by Wells Fargo to Market Perform on Nov 15, 2016.

Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Household Surface Care, Fabric Care and Pet Nutrition. Colgate sells its products in countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, Ajax, Axion, Soupline, Suavitel and Fab, as well as Hills Science Diet and Hills Prescription Diet pet foods. (Company Press Release)


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