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Institutional investors are split on Colgate-Palmolive, but the company beat earnings and raised its dividend.
Institutional investors are mixed on Colgate-Palmolive, with Renaissance Technologies and Abacus FCF Advisors increasing their stakes, while Bank of Montreal and Legal & General Group reduced theirs.
Despite these shifts, Colgate-Palmolive's financials look strong: it beat earnings estimates, increased its dividend to $0.52 per quarter, and has a consensus "Moderate Buy" rating with a target price of $102.06.
The company's stock, trading at $89.21, has a 2.33% dividend yield and a market cap of $72.36 billion.
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Los inversores institucionales están divididos en Colgate-Palmolive, pero la compañía venció las ganancias y aumentó su dividendo.