PBU The Pension Fund of Early Childhood & Youth Educators Takes Position in Kenvue Inc. $KVUE

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Kenvue Inc. (NYSE:KVUE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 527,871 shares of the company’s stock, valued at approximately $9,106,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KVUE. Norges Bank bought a new position in Kenvue in the 4th quarter worth approximately $756,862,000. Van ECK Associates Corp boosted its holdings in shares of Kenvue by 101.3% in the third quarter. Van ECK Associates Corp now owns 18,361,581 shares of the company’s stock worth $298,008,000 after acquiring an additional 9,240,434 shares during the period. American Century Companies Inc. boosted its holdings in shares of Kenvue by 22.4% in the third quarter. American Century Companies Inc. now owns 37,046,660 shares of the company’s stock worth $601,267,000 after acquiring an additional 6,781,640 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Kenvue by 156.2% in the fourth quarter. Bessemer Group Inc. now owns 8,491,343 shares of the company’s stock worth $146,475,000 after acquiring an additional 5,177,404 shares during the period. Finally, Mondrian Investment Partners LTD bought a new position in shares of Kenvue in the third quarter worth $79,269,000. 97.64% of the stock is owned by institutional investors.

Kenvue Stock Performance

NYSE KVUE opened at $17.72 on Friday. Kenvue Inc. has a 1 year low of $14.02 and a 1 year high of $22.87. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.70. The stock has a market capitalization of $34.01 billion, a PE ratio of 20.84, a P/E/G ratio of 1.34 and a beta of 0.54. The company’s 50 day simple moving average is $17.37 and its two-hundred day simple moving average is $17.48.

Kenvue (NYSE:KVUE) last posted its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Kenvue had a net margin of 10.61% and a return on equity of 20.81%. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts predict that Kenvue Inc. will post 1.16 earnings per share for the current fiscal year.

Kenvue Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.2075 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $0.83 annualized dividend and a yield of 4.7%. Kenvue’s dividend payout ratio is currently 97.65%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KVUE. Weiss Ratings lowered Kenvue from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Barclays cut their price target on Kenvue from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Citigroup cut their price target on Kenvue from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Canaccord Genuity Group raised their price target on Kenvue from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. Finally, UBS Group cut their price target on Kenvue from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.33.

Insider Transactions at Kenvue

In other Kenvue news, General Counsel Matthew Orlando sold 38,491 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $17.66, for a total value of $679,751.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.59% of the stock is owned by corporate insiders.

About Kenvue

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.