Several institutional investors have recently adjusted their shares of Kenvue. Vanguard Group increased its stake by 12% in Q1, now owning 166.8 million shares worth $3.58 billion. Price T Rowe Associates raised its stake by 23% with 134.5 million shares valued at $2.89 billion. Massachusetts Financial Services grew its holdings by 9.6% in Q2owning 79.9 million shares worth $1.45 billion. Wellington Management increased its shares by 6.7%, holding 76.5 million valued at $1.65 billion. JPMorgan Chase also raised its stake by 11.1%, now owning 68.3 million shares worth $1.47 billion. Overall, 97.64% of Kenvue’s stock is held by hedge funds and institutional investors.
Kenvue Stock Update
Kenvue (KVUE) shares opened at $22.63. The stock has a 52-week low of $17.67 and a high of $23.55. Key financial ratios include a quick ratio of 0.68, current ratio of 0.99, and debt-to-equity ratio of 0.69. The market cap is $43.33 billion with a PE ratio of 29.01.
Kenvue announced earnings on August 6, reporting $0.32 EPS, exceeding expectations of $0.28. The company had revenues of $4 billion this quarter, slightly lower than the previous year, with a net margin of 7.23% and return on equity of 21.80%. Analysts forecast $1.08 EPS for the current fiscal year.
Dividend Increase
Kenvue declared a quarterly dividend of $0.205 per share, an increase from the previous $0.20. This dividend is payable to stockholders who were on record by August 14, with an annualized dividend of $0.82 and yield of 3.62%.
Analyst Price Targets
Analysts have adjusted price targets for Kenvue: Piper Sandler raised theirs to $21, Deutsche Bank to $24, while Citigroup lowered it to $20. The consensus rating is “Hold” with an average target of $22.10.
Kenvue Overview
Kenvue Inc specializes in consumer health products, operating in Self Care, Skin Health and Beauty, and Essential Health segments.
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