Varma Mutual Pension Insurance Reduces Colgate-Palmolive Stake by 11.3%
Varma Mutual Pension Insurance Co cut its Colgate-Palmolive stake by 11.3% in the second quarter, selling 24,000 shares and holding 187,917. Bank of New York Mellon and Deutsche Bank increased their holdings. Colgate-Palmolive’s stock rose 1.5%, and the company paid its quarterly dividend, with a payout ratio of 84.13%. Weiss kept a hold (c+) and Morgan Stanley reiterated overweight with a $104 price objective.