JPMorgan Chase & Co. Cuts Stock Holdings in DHT Holdings, Inc. $DHT

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JPMorgan Chase & Co. reduced its stake in DHT Holdings, Inc. by 38.2% in Q3, selling over 152,000 shares and now holding approximately 0.15% of the company for about $2.96 million. Despite this cut, DHT recently raised its quarterly dividend to $0.41, offering an 8.8% yield, though its payout ratio is high at 125.19%. Analysts currently rate DHT as a “Moderate Buy” with a consensus target price of $16.33, as the company beat recent EPS estimates and saw a 37.8% increase in revenue year-over-year.

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