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Colgate-Palmolive reports better-than-expected earnings, faces stake reduction by a major investor.
Institutional investors have been adjusting their stakes in Colgate-Palmolive, with Handelsbanken Fonder AB reducing its holdings by 3.2%.
Colgate-Palmolive reported a higher-than-expected earnings per share of $0.91 for the quarter and announced a quarterly dividend of $0.50, yielding 2.28%.
Analysts' ratings range from "hold" to "overweight," with a consensus target price of $101.16.
The company operates through oral, personal, and home care, and pet nutrition segments.
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Colgate-Palmolive reporta mejores ganancias de las esperadas, se enfrenta a la reducción de la participación de un importante inversor.