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Banking & Finance

Vontobel Holding Ltd. Buys 109,026 Shares of Colgate-Palmolive Company $CL

·15 Aug
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Vontobel Holding Ltd. increased its stake in Colgate-Palmolive Company by 43.3% in the second quarter, acquiring an additional 109,026 shares, bringing their total holdings to 360,604 shares valued at $33.06 million. Other institutional investors also adjusted their positions in CL, while CEO Noel R. Wallace and Director John T. Cahill sold shares of the company's stock. Colgate-Palmolive recently announced a quarterly dividend of $0.53 and reported strong quarterly earnings, beating consensus estimates.

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