Universal Music Group NV
UMG: XAMS (NLD)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &<C | LOCK|!$W | LOCK|&y?v&KY |
Universal Music: Don't Read Ackman's Stock Trim Into Fundamentals
Universal Music shares fell nearly 9% on March 14 after Bill Ackman announced that his Pershing Square had decided to trim its position after the stock reached 27% of the fund's holdings. As of Universal's last annual report in 2023, Pershing owned 10% of Universal.
