Principal Financial Group Inc. Sells 18,659 Shares of Colgate-Palmolive Company $CL

Principal Financial Group Inc. has reduced its stake in Colgate-Palmolive Company (NYSE:CL) by 1.8%, selling 18,659 shares and retaining 990,355 shares valued at approximately $90.8 million. Other institutional investors have also adjusted their positions, and 80.41% of Colgate-Palmolive's stock is owned by institutional investors and hedge funds. The company recently reported strong quarterly earnings, beating estimates with $0.99 EPS and a 4.9% increase in revenue, and pays an annualized dividend of $2.12.