The Manufacturers Life Insurance Company Lowers Stake in Colgate-Palmolive Company $CL
MarketBeat
The Manufacturers Life Insurance Company decreased its holding in Colgate-Palmolive Company by 17.5% in the second quarter, selling over 142,000 shares and retaining a stake valued at approximately $61.5 million. This divestment comes as Colgate-Palmolive reported strong quarterly earnings, beating analyst estimates, and is reportedly exploring the sale of some personal-care brands. Despite some insider selling, primarily for tax purposes, analysts maintain a "Moderate Buy" rating for the stock,
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