Colgate-Palmolive (CL) is Downgraded by RBC Capital Mkts to Sector Perform, Price Target at $71

Colgate-Palmolive (CL) is Downgraded by RBC Capital Mkts to Sector Perform according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $71. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Colgate-Palmolive Co. is up 5.15% in the last 3-month period. Year-to-Date the stock performance stands at -1.56%.

Colgate-Palmolive Company (NYSE:CL) has dropped 0.55% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 0.42% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 0.28% and the outperformance increases to 2.77% for the last 4 weeks.

Shares of Colgate-Palmolive Company (NYSE:CL) ended Thursday session in red amid volatile trading. The shares closed down 0.91 points or 1.35% at $66.62 with 2,002,052 shares getting traded. Post opening the session at $67.21, the shares hit an intraday low of $66.61 and an intraday high of $67.29 and the price vacillated in this range throughout the day. The company has a market cap of $59,753 million and the number of outstanding shares have been calculated to be 896,922,060 shares. The 52-week high of Colgate-Palmolive Company (NYSE:CL) is $71.56 and the 52-week low is $50.84.

Currently the company Insiders own 1.1% of Colgate-Palmolive Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6% . Institutional Investors own 73.91% of Colgate-Palmolive Company shares. During last six month period, the net percent change held by insiders has seen a change of -6.63%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Technology Officer) of Colgate Palmolive Co, Verduin Patricia had sold 3,666 shares worth of $243,166 in a transaction dated December 15, 2015. In this transaction, 3,666 shares were sold at $66.33 per share.

Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world. It operates in two segments: Oral, Personal and Home Care and Pet Nutrition. Oral Care business products include Colgate Total, Colgate Sensitive Pro-Relief, Colgate Max Fresh, Colgate Optic White and Colgate Luminous White toothpastes, Colgate 360° manual toothbrushes and Colgate and Colgate Plax mouth rinses. Colgates Oral Care business also includes dental floss and pharmaceutical products for dentists and oral health professionals. Its Personal Care products also include Palmolive, Softsoap and Sanex brand shower gels, Palmolive, Irish Spring and Protex bar soaps and Speed Stick, Lady Speed Stick and Sanex deodorants and antiperspirants. It sells liquid hand soap under the Palmolive, Protex and Softsoap brands. Colgate, through its Hills Pet Nutrition segment (Hills), manufactures pet nutrition products for dogs and cats.