UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $593.30 Million Stake in Colgate-Palmolive Company $CL

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC, reduced its stake in Colgate-Palmolive Company (CL) by 5.2% in the second quarter, selling 357,560 shares, but still holds 6.47 million shares valued at approximately $593.3 million. Despite this reduction, analysts generally maintain a "Moderate Buy" rating for Colgate-Palmolive, with an average price target of $99.00. The company recently surpassed quarterly EPS expectations and increased its revenue by 4.9% year-over-year, alongside paying a quarterly dividend of $0.53 per share, representing a 2.3% annualized yield.