State of Alaska Department of Revenue Has $5.42 Million Holdings in Kenvue Inc. (NYSE:KVUE)

State of Alaska Department of Revenue trimmed its holdings in shares of Kenvue Inc. (NYSE:KVUE) by 7.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 252,700 shares of the company’s stock after selling 20,175 shares during the quarter. State of Alaska Department of Revenue’s holdings in Kenvue were worth $5,422,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Beaumont Financial Advisors LLC increased its holdings in shares of Kenvue by 3.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 17,532 shares of the company’s stock valued at $377,000 after acquiring an additional 509 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Kenvue by 51.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,552 shares of the company’s stock valued at $33,000 after purchasing an additional 526 shares during the period. Tradition Wealth Management LLC lifted its stake in shares of Kenvue by 2.8% in the fourth quarter. Tradition Wealth Management LLC now owns 21,278 shares of the company’s stock worth $458,000 after buying an additional 575 shares during the last quarter. Dfpg Investments LLC boosted its holdings in shares of Kenvue by 2.3% during the 4th quarter. Dfpg Investments LLC now owns 26,659 shares of the company’s stock worth $567,000 after buying an additional 589 shares during the period. Finally, Mutual Advisors LLC grew its stake in Kenvue by 6.1% in the 4th quarter. Mutual Advisors LLC now owns 10,606 shares of the company’s stock valued at $228,000 after buying an additional 612 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KVUE. Sanford C. Bernstein began coverage on shares of Kenvue in a research report on Thursday, April 11th. They set an “underperform” rating and a $18.00 target price for the company. Citigroup reissued a “neutral” rating and set a $21.00 price objective on shares of Kenvue in a research report on Tuesday, May 28th. William Blair initiated coverage on Kenvue in a report on Wednesday, April 3rd. They issued a “market perform” rating on the stock. Finally, HSBC lifted their price target on Kenvue from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.09.

Kenvue Stock Performance

KVUE opened at $18.32 on Thursday. The stock’s 50 day simple moving average is $19.12 and its 200-day simple moving average is $19.92. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.66. The stock has a market cap of $35.07 billion, a PE ratio of 23.48, a P/E/G ratio of 1.93 and a beta of 1.40. Kenvue Inc. has a 1 year low of $17.75 and a 1 year high of $26.25.

Kenvue (NYSE:KVUE) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Kenvue had a net margin of 9.63% and a return on equity of 21.06%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. The business’s quarterly revenue was down 24.9% compared to the same quarter last year. Sell-side analysts forecast that Kenvue Inc. will post 1.17 EPS for the current year.

Kenvue Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Tuesday, May 7th. Kenvue’s payout ratio is 102.56%.

About Kenvue

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.