Kenvue Inc. $KVUE Shares Bought by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey increased its holdings in Kenvue Inc. (NYSE:KVUE) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,730 shares of the company’s stock after acquiring an additional 10,572 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Kenvue were worth $6,043,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Evergreen Wealth Solutions LLC lifted its stake in shares of Kenvue by 2.6% in the 1st quarter. Evergreen Wealth Solutions LLC now owns 16,769 shares of the company’s stock worth $402,000 after acquiring an additional 432 shares during the period. Wealth Alliance LLC lifted its holdings in shares of Kenvue by 1.6% in the 1st quarter. Wealth Alliance LLC now owns 31,778 shares of the company’s stock valued at $762,000 after buying an additional 486 shares during the period. Everett Harris & Co. CA lifted its holdings in shares of Kenvue by 1.4% in the 1st quarter. Everett Harris & Co. CA now owns 36,971 shares of the company’s stock valued at $887,000 after buying an additional 500 shares during the period. Proffitt & Goodson Inc. raised its position in Kenvue by 8.2% in the second quarter. Proffitt & Goodson Inc. now owns 6,831 shares of the company’s stock worth $143,000 after acquiring an additional 517 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Kenvue by 22.3% in the second quarter. UMB Bank n.a. now owns 2,853 shares of the company’s stock valued at $60,000 after acquiring an additional 521 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on KVUE shares. Rothschild & Co Redburn raised shares of Kenvue from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $22.50 to $22.00 in a report on Friday, September 26th. Canaccord Genuity Group reiterated a “hold” rating and issued a $15.00 price target (down from $26.00) on shares of Kenvue in a research report on Wednesday, October 29th. UBS Group cut their price objective on Kenvue from $23.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Barclays increased their target price on Kenvue from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kenvue in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.23.

Kenvue Trading Down 0.6%

Shares of Kenvue stock opened at $16.68 on Friday. Kenvue Inc. has a fifty-two week low of $14.02 and a fifty-two week high of $25.17. The business’s fifty day moving average is $16.42 and its two-hundred day moving average is $20.08. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. The firm has a market cap of $31.95 billion, a PE ratio of 22.23, a P/E/G ratio of 2.45 and a beta of 0.71.

Kenvue (NYSE:KVUE) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Kenvue had a return on equity of 20.02% and a net margin of 9.55%.The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Kenvue has set its FY 2025 guidance at 1.000-1.050 EPS. Analysts anticipate that Kenvue Inc. will post 1.14 earnings per share for the current year.

Kenvue Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, November 12th. Kenvue’s dividend payout ratio is presently 110.67%.

Kenvue Company Profile

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, eye care, and other products under the Tylenol, Motrin, Benadryl, Nicorette, Zarbee's, ORSLTM, Rhinocort, Calpol, and Zyrtec brands.