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Korea Investment CORP Trims Stake in Procter & Gamble
Korea Investment CORP (KIC) has reduced its stake in Procter & Gamble (P&G) by 7.9% during the third quarter, signaling a potential shift in investment strategy or outlook on P&G’s future performance. KIC now owns 1,812,198 shares of P&G, accounting for approximately 0.08% of the company’s outstanding shares and 0.6% of KIC’s total investment portfolio. This move by a significant institutional investor could suggest some uncertainty regarding P&G’s near-term prospects.