Naples Global Advisors LLC has recently reduced its holdings in Colgate-Palmolive (NYSE:CL) by 3.4% in the fourth quarter, according to the most recent disclosure with the Securities & Exchange Commission. The fund now owns 4,323 shares of the company’s stock after selling 150 shares during the period, worth $345,000.
Several other hedge funds have also made adjustments to their holdings of CL. Dimensional Fund Advisors LP increased its holdings by 4.0% in the first quarter, now owning 2,444,508 shares of the company’s stock valued at $185,376,000. Covestor Ltd and Mackenzie Financial Corp also grew their holdings in the first quarter, while First Western Trust Bank and Wsfs Capital Management LLC purchased new stakes in the company.
Insider activity at Colgate-Palmolive includes recent sales by insider Jennifer Daniels and CEO Noel R. Wallace. Daniels sold 61,633 shares at an average price of $83.93, totaling $5,172,857.69, while Wallace sold 50,000 shares at an average price of $83.15, totaling $4,157,500.00.
