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Raiffeisen Bank International AG Acquires 14,762 Shares of Colgate-Palmolive Company $CL
Raiffeisen Bank International AG has increased its stake in Colgate-Palmolive Company by 3.4%, acquiring an additional 14,762 shares and bringing its total holdings to 450,234 shares valued at approximately $36.2 million. This increase in institutional ownership comes despite significant insider selling, with the CFO and another insider selling a combined 184,683 shares worth about $17.49 million in the last quarter. Colgate-Palmolive recently reported strong quarterly earnings, beating analyst estimates, and maintains a “Moderate Buy” consensus rating with a $94.75 average price target and a 2.2% dividend yield.