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M&T Bank Corp Has $7.83 Million Stock Holdings in Colgate-Palmolive Company $CL
M&T Bank Corp significantly reduced its stake in Colgate-Palmolive Company by 62.3% in Q4, ending the quarter with 99,143 shares valued at approximately $7.83 million. Despite several analysts trimming price targets, Colgate-Palmolive maintains a consensus “Moderate Buy” rating with an average target of $95.56, following a strong Q4 earnings beat. The company also increased its quarterly dividend to $0.53, while insiders sold a substantial amount of shares.