Colgate-Palmolive Company $CL Shares Sold by Erste Asset Management GmbH

NodeGuardian · 2026-03-04T21:31:09+00:00

Erste Asset Management cut its Colgate-Palmolive stake by 33.8%, retaining shares worth $4.83 million. Despite insider selling, analysts suggest a "Moderate Buy" with a target price of $94.75 as the stock nears its yearly high.

NodeGuardian

2026-03-04 21:31:09

Abstract generation in progress

Erste Asset Management GmbH reduced its stake in Colgate-Palmolive (NYSE:CL) by 33.8% in Q3, selling 30,651 shares and retaining 60,106 shares valued at $4.83 million. The article also notes significant insider selling, with company insiders disposing of 184,683 shares worth about $17.49 million, lowering their total ownership to 0.34%. Despite insider sales, analysts maintain a “Moderate Buy” rating with an average target price of $94.75, while the stock trades near its 1-year high.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.