Teacher Retirement System of Texas boosted its stake in shares of Kenvue Inc. (NYSE:KVUE - Free Report) by 284.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,138,508 shares of the company's stock after buying an additional 842,252 shares during the period. Teacher Retirement System of Texas owned 0.06% of Kenvue worth $19,639,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Kenvue by 27.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 310,686 shares of the company's stock worth $5,042,000 after buying an additional 66,192 shares during the period. Renaissance Capital LLC lifted its holdings in Kenvue by 55.8% during the third quarter. Renaissance Capital LLC now owns 980,436 shares of the company's stock worth $15,912,000 after buying an additional 351,259 shares during the period. Allstate Corp purchased a new stake in Kenvue during the third quarter worth $1,152,000. Aberdeen Group plc lifted its holdings in Kenvue by 84.1% during the third quarter. Aberdeen Group plc now owns 1,411,380 shares of the company's stock worth $22,914,000 after buying an additional 644,930 shares during the period. Finally, Oak Thistle LLC purchased a new stake in Kenvue during the fourth quarter worth $1,563,000. Hedge funds and other institutional investors own 97.64% of the company's stock.
Kenvue Stock Performance
Shares of KVUE stock opened at $17.49 on Friday. The business's fifty day simple moving average is $17.82 and its 200-day simple moving average is $17.15. The company has a market cap of $33.57 billion, a PE ratio of 22.71, a PEG ratio of 3.97 and a beta of 0.61. The company has a current ratio of 0.96, a quick ratio of 0.68 and a debt-to-equity ratio of 0.66. Kenvue Inc. has a 12-month low of $14.02 and a 12-month high of $25.17.
Kenvue (NYSE:KVUE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.05. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.68 billion. Kenvue had a return on equity of 19.72% and a net margin of 9.72%.The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. Analysts expect that Kenvue Inc. will post 1.1 earnings per share for the current fiscal year.
Kenvue Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were given a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, February 11th. Kenvue's dividend payout ratio is presently 107.79%.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Argus upgraded Kenvue to a "hold" rating in a report on Friday, March 6th. Barclays reduced their price target on Kenvue from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 14th. Canaccord Genuity Group upped their price target on Kenvue from $17.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, February 18th. Citigroup reduced their price target on Kenvue from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Kenvue in a research report on Wednesday, April 8th. Three analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, Kenvue has a consensus rating of "Hold" and an average price target of $19.33.
Check Out Our Latest Analysis on KVUE
Kenvue 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.
Further Reading
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