Recent developments involving consumer products giant,
Colgate-Palmolive (NYSE:CL) have resulted in a flurry of activities from numerous investment firms. There are several reports on the buying, reducing, and selling of positions in the company by various institutions like
Robeco Schweiz AG,
Flputnam Investment Management Co.,
Versor Investments LP,
Mn Services Vermogensbeheer B.V., and
Delta Financial Group Inc., among many others.
Colgate-Palmolive's Chief HR Officer, Massey, sold $736,152 in stock, indicating some internal movements. Pundits like
Jim Cramer expressed surprise at the company's flat forecasts. Several questions on the suitability of the firm towards being a favorable
dividend,
defensive, or
consumer staples stock have also been raised. Notably, the firm boasts of strong
institutional backing with 85% ownership. The company intends to reveal
strategy insights at a major retail conference, showcasing a strong future planning. The company posted noteworthy Q3 growth and revised its 2024 outlook, with
Q4 earnings surpassing estimates. Yet, it saw a dip in share prices due to
adverse foreign exchange rates.
Colgate-Palmolive Company CL News Analytics from Fri, 26 Jul 2024 07:00:00 GMT to Sat, 01 Mar 2025 18:47:13 GMT -
Rating -1
- Innovation -5
- Information 8
- Rumor 3
