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Varma Mutual Pension Insurance Reduces Colgate-Palmolive Stake by 11.3%

Colgate-Palmolive logoColgate-Palmolive
Sig1.62Sen+0.65Env0.00Soc0.00Gov0.00

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.

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