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Te Ahumairangi sold shares in Quest Diagnostics, which beat earnings estimates and raised its dividend.
Te Ahumairangi Investment Management Ltd has reduced its stake in Quest Diagnostics by selling 6,810 shares, leaving it with 43,194 shares valued at $6.52 million.
Quest Diagnostics reported $2.23 earnings per share for the latest quarter, beating estimates.
The company has a dividend yield of 1.89% and recently announced a quarterly dividend of $0.80 per share.
Analysts have given Quest Diagnostics a "Moderate Buy" rating with a target price of $178.38.
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Te Ahumairangi vendió acciones en Quest Diagnostics, que superó las estimaciones de ingresos y aumentó su dividendo.