Shell Asset Management Co. Takes $50,000 Position in Kenvue Inc. (NYSE:KVUE)

Shell Asset Management Co. purchased a new stake in shares of Kenvue Inc. (NYSE:KVUEFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,492 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KVUE. Raymond James & Associates bought a new stake in shares of Kenvue during the second quarter valued at approximately $9,534,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Kenvue during the second quarter valued at approximately $1,295,000. National Bank of Canada FI bought a new stake in shares of Kenvue during the second quarter valued at approximately $58,000. Victory Capital Management Inc. bought a new stake in shares of Kenvue during the second quarter valued at approximately $432,000. Finally, KBC Group NV bought a new stake in shares of Kenvue during the second quarter valued at approximately $866,000. Institutional investors own 11.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KVUE shares. JPMorgan Chase & Co. reduced their price objective on shares of Kenvue from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank of Canada reduced their price target on shares of Kenvue from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday. UBS Group boosted their price target on shares of Kenvue from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 19th. Finally, Piper Sandler initiated coverage on shares of Kenvue in a research report on Friday, November 17th. They issued a “neutral” rating and a $20.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Get Our Latest Report on Kenvue

Kenvue Price Performance

NYSE KVUE opened at $19.60 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average of $20.94 and a two-hundred day moving average of $21.00. Kenvue Inc. has a 52 week low of $17.82 and a 52 week high of $27.80.

Kenvue (NYSE:KVUEGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.78 billion. Kenvue had a net margin of 9.87% and a return on equity of 14.83%. Kenvue’s revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts predict that Kenvue Inc. will post 1.19 EPS for the current fiscal year.

Kenvue Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, February 13th.

About Kenvue

(Free Report)

Kenvue Inc operates as a consumer health company worldwide. The company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. The Self Care segment offers cough, cold and allergy, pain care, digestive health, smoking cessation, and other products under the Tylenol, Nicorette, and Zyrtec brands.

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Institutional Ownership by Quarter for Kenvue (NYSE:KVUE)

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