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Colgate-Palmolive Company $CL Shares Bought by Bank of Montreal Can
Bank of Montreal Can has significantly increased its stake in Colgate-Palmolive (NYSE:CL) by 12.0% in the third quarter, now owning 1,035,555 shares worth $82.78 million. Other institutional investors like ProShare Advisors LLC, Providence Capital Advisors LLC, Asset Management One Co. Ltd., Citigroup Inc., and Vanguard Group Inc. also bought additional shares. Analysts have a “Moderate Buy” rating for Colgate-Palmolive, with an average price target of $94.75, and the company recently reported strong quarterly earnings, surpassing consensus estimates.