Colgate-Palmolive Sinks 0.02% as Mixed Institutional Moves Amid 282nd Volume Rank Clash with Strong Earnings and Dividend Yield

Colgate-Palmolive (CL) edged lower by 0.02% on August 8, with a trading volume of $340 million, ranking 282nd in market activity. Institutional investors showed mixed activity, with Strategy Asset Managers LLC reducing its stake by 53.5% to 4,483 shares, while Goldman Sachs and Deutsche Bank increased holdings by 34.5% and 35.6%, respectively. The company reported Q2 earnings of $0.92 per share, surpassing estimates of $0.89, alongside $5.11 billion in revenue.

Analysts adjusted their ratings, with UBS lowering the price target to $106 and maintaining a "buy" rating, while Wells Fargo reduced its target to $83 and assigned an "underweight" stance. The stock currently holds an average "Hold" rating with a consensus target of $98.92. Institutional ownership stands at 80.41%, reflecting ongoing strategic shifts among major investors. Colgate also announced a $0.52 quarterly dividend, yielding 2.5% annually.

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