Lansforsakringar Fondforvaltning AB publ Buys 42,803 Shares of Kenvue Inc. $KVUE

Lansforsakringar Fondforvaltning AB publ raised its stake in shares of Kenvue Inc. (NYSE:KVUEFree Report) by 7.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 630,410 shares of the company’s stock after buying an additional 42,803 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Kenvue were worth $10,868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oak Thistle LLC purchased a new position in shares of Kenvue during the 4th quarter valued at $1,563,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Kenvue by 25.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 410,874 shares of the company’s stock valued at $7,088,000 after buying an additional 84,219 shares during the period. SG Americas Securities LLC boosted its stake in Kenvue by 3,889.9% during the fourth quarter. SG Americas Securities LLC now owns 3,075,723 shares of the company’s stock valued at $53,056,000 after buying an additional 2,998,635 shares during the period. Moors & Cabot Inc. grew its position in Kenvue by 66.9% during the third quarter. Moors & Cabot Inc. now owns 313,122 shares of the company’s stock worth $5,082,000 after buying an additional 125,517 shares in the last quarter. Finally, Cohen Capital Management Inc. purchased a new position in Kenvue during the fourth quarter worth about $2,448,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Matthew Orlando sold 38,491 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $17.66, for a total transaction of $679,751.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KVUE. Weiss Ratings upgraded Kenvue from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Citigroup cut their price objective on Kenvue from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Argus upgraded shares of Kenvue to a “hold” rating in a research report on Friday, March 6th. Barclays lowered their target price on shares of Kenvue from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Finally, Zacks Research upgraded shares of Kenvue from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.33.

View Our Latest Stock Report on Kenvue

Kenvue Trading Up 1.1%

Shares of KVUE stock opened at $19.33 on Thursday. The business has a 50-day moving average of $17.76 and a 200 day moving average of $17.68. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.70. Kenvue Inc. has a 1-year low of $14.02 and a 1-year high of $22.87. The stock has a market capitalization of $37.11 billion, a PE ratio of 22.74, a P/E/G ratio of 1.45 and a beta of 0.54.

Kenvue (NYSE:KVUEGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Kenvue had a return on equity of 20.81% and a net margin of 10.61%.The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the previous year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Kenvue Inc. will post 1.16 earnings per share for the current year.

Kenvue Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, May 13th. Kenvue’s payout ratio is presently 97.65%.

Kenvue Company Profile

(Free Report)

Kenvue is a consumer health company that was established as a standalone, publicly traded business after separating from Johnson & Johnson. Listed on the New York Stock Exchange under the symbol KVUE, Kenvue focuses on the development, manufacture, marketing and distribution of consumer health and personal care products across a range of categories including skin and beauty care, baby care, oral care, wound care and over‑the‑counter medicines.

The company owns and markets a portfolio of widely recognized consumer brands, including names familiar to global shoppers across retail and pharmacy channels.

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Institutional Ownership by Quarter for Kenvue (NYSE:KVUE)

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