Masco Corporation $MAS Shares Sold by Korea Investment CORP

Korea Investment CORP has reduced its stake in Masco Corporation (NYSE:MAS) by 29.8% during the third quarter, selling 65,774 shares and holding 154,971 shares worth $10.91 million. Other institutional investors have also adjusted their positions, and Masco recently reported strong quarterly earnings, topping analyst estimates with $0.82 EPS and announcing a $2 billion stock buyback program and an increased quarterly dividend of $0.32 per share. Analyst ratings for Masco are mostly “Hold” with an average target price of $76.94.