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US Bancorp DE Decreases Holdings in Colgate-Palmolive Company $CL
US Bancorp DE reduced its stake in Colgate-Palmolive (NYSE:CL) by 4.2% in Q4, selling 14,187 shares and retaining 322,606 shares valued at $25.5 million. This occurred despite Colgate-Palmolive exceeding Q1 earnings and revenue estimates and increasing its quarterly dividend. Analysts maintain a “Moderate Buy” rating with an average target price of $95.56, though the company faces some GAAP margin pressure.