Baird Financial Group Inc. Has $21.32 Million Stock Holdings in Cencora, Inc. $COR

Baird Financial Group Inc. sold 6,194 Cencora shares in the first quarter, reducing its holdings by 7.5%. Despite this shift, the firm still owns 76,660 shares, valued at $21.318 million.

Key Takeaways:

  • Baird Financial Group Inc. cut its stake in Cencora by 7.5%.
  • 6,194 shares were sold in the first quarter.
  • The firm retained 76,660 shares after the sale.
  • The remaining shares are valued at $21.318 million.
  • Cencora trades on the NYSE under the ticker COR.

Introduction

Baird Financial Group Inc. recently announced a change in its holdings of Cencora, Inc. (NYSE: COR). According to a first-quarter filing, the firm has reduced its position by 7.5%, reflecting a strategic decision to sell a portion of its shares.

Details of the Stake Reduction

Baird sold 6,194 shares from its portfolio during the first quarter. Despite this, the investment group continues to maintain a notable presence in Cencora’s share register. Its holdings stand at 76,660 shares, showing that Baird remains engaged with the company even after the reduction.

Financial Significance

The remaining shares held by Baird Financial Group Inc. in Cencora carry a reported value of $21.318 million as of the latest filing. This figure underscores the ongoing importance of Cencora as part of Baird’s portfolio, highlighting the firm’s confidence in the company’s longer-term prospects, even after trimming its stake.

Conclusion

While Baird Financial Group Inc. has lowered its position in Cencora, the sizeable value of $21.318 million indicates that the company remains a significant component of Baird’s overall investment strategy. With Cencora listed as “COR” on the New York Stock Exchange, observers will keep watch on how both the firm’s and the market’s outlook evolves in the coming quarters.

More from World

South Toledo Closes Wright Street for Repairs
by The Blade | Toledo's
15 hours ago
2 mins read
City project to stop South Toledo slope’s collapse will close street for 60 days
Defense Seeks Sanctions Over Victim's Withdrawal
by The Brunswick News
15 hours ago
1 min read
Victim wanted to drop Alexander brother’s sex assault case, defense attorneys say
ISU Fuels NCAA Tournament Expansion Debate
by Tribune Star
15 hours ago
2 mins read
MARK BENNETT: ISU’s 2024 postseason rollercoaster stirs ‘Big Dance’ expansion talk
JD Vance Aims for Israel-Hamas Ceasefire
by Cbs Boston
15 hours ago
1 min read
JD Vance in Israel to help implement ceasefire with Hamas
Lufkin Shuts Hotel Over Health Violations
by Lufkindailynews
15 hours ago
1 min read
Repairs underway at Petty’s Motor Hotel after Lufkin orders closure
AI Data Centers Spark Fresh Water Concerns
by Samessenger.com
17 hours ago
2 mins read
The U.S. AI Data Center Fresh Water Bottleneck Could Become a National Security Crisis
National Drug Take-Back Day Promotes Safe Disposal
by Winchesterstar
18 hours ago
1 min read
National Drug Take-Back Day returns on Friday
Stephen A. Smith's Honesty Defines NBA Commentary
by Capjournal
18 hours ago
1 min read
Stephen A. Smith shares how he keeps his relationships with the players as authentic as possible: “I’m the kind of person that wants you to know exactly where I stand with you”
"Fatal Crash Spurs Demand for Safer Roads"
by Indianagazette
18 hours ago
2 mins read
LETTER: Resident calls for safety fixes after fatal bus crash
Huntsville Athletes Win Players of the Week
by Itemonline
20 hours ago
1 min read
Birks, Foster voted The Item’s Players of the Week
Norton Zoning Overhaul Sent Back for Review
by The Sun Chronicle
20 hours ago
1 min read
Norton town meeting rejects proposed bylaw change, sends it back for more study
Moez Limayem Set to Lead USF as President
by Business Observer
20 hours ago
2 mins read
Former business dean one step closer to becoming USF president