Stonehage Fleming Financial Services Holdings Ltd Takes Position in Kenvue Inc. (NYSE:KVUE)

Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Kenvue Inc. (NYSE:KVUEFree Report) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 4,289 shares of the company’s stock, valued at approximately $86,000.

Several other hedge funds have also modified their holdings of KVUE. Kistler Tiffany Companies LLC purchased a new position in Kenvue in the second quarter valued at $26,000. Tamarack Advisers LP purchased a new position in Kenvue in the second quarter valued at $26,000. AdvisorNet Financial Inc purchased a new position in Kenvue in the third quarter valued at $28,000. Global Retirement Partners LLC purchased a new position in Kenvue in the third quarter valued at $28,000. Finally, Riverview Trust Co purchased a new position in Kenvue in the third quarter valued at $31,000. 11.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KVUE. UBS Group upped their price objective on shares of Kenvue from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, December 19th. The Goldman Sachs Group dropped their price target on Kenvue from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of Kenvue from $29.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 4th. Finally, Piper Sandler began coverage on shares of Kenvue in a research report on Friday, November 17th. They set a “neutral” rating and a $20.00 target price on the stock. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Get Our Latest Analysis on Kenvue

Kenvue Trading Down 1.2 %

NYSE:KVUE opened at $20.97 on Thursday. The stock has a fifty day moving average price of $20.67 and a two-hundred day moving average price of $21.60. The company has a current ratio of 1.14, a quick ratio of 0.78 and a debt-to-equity ratio of 0.71. Kenvue Inc. has a 1 year low of $17.82 and a 1 year high of $27.80.

Kenvue (NYSE:KVUEGet Free Report) last posted its earnings results on Thursday, October 26th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.87 billion. Kenvue had a return on equity of 12.02% and a net margin of 10.08%. As a group, equities research analysts forecast that Kenvue Inc. will post 1.26 earnings per share for the current fiscal year.

Kenvue Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were given a $0.20 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $0.80 annualized dividend and a dividend yield of 3.81%.

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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