Cidel Asset Management Inc. reduced its stake in Colgate-Palmolive (NYSE:CL) by 4.4% in the third quarter, holding 314,644 shares valued at $25.15 million. This comes amidst significant insider selling totaling $17.49 million by executives, although institutional ownership remains high at 80.41%. Analysts generally maintain a “Moderate Buy” rating for CL with an average price target of $94.38, following strong Q4 earnings that topped estimates and a quarterly dividend payment.
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Colgate-Palmolive Company $CL Stock Holdings Lowered by Cidel Asset Management Inc.
Cidel Asset Management Inc. reduced its stake in Colgate-Palmolive (NYSE:CL) by 4.4% in the third quarter, holding 314,644 shares valued at $25.15 million. This comes amidst significant insider selling totaling $17.49 million by executives, although institutional ownership remains high at 80.41%. Analysts generally maintain a “Moderate Buy” rating for CL with an average price target of $94.38, following strong Q4 earnings that topped estimates and a quarterly dividend payment.