Beacon Investment Advisory Services Inc. Acquires 187,426 Shares of Kenvue Inc. $KVUE

Beacon Investment Advisory Services Inc. raised its holdings in Kenvue Inc. (NYSE:KVUE) by 67.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 467,108 shares of the company’s stock after purchasing an additional 187,426 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Kenvue were worth $7,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of KVUE. Renaissance Capital LLC boosted its holdings in shares of Kenvue by 8.3% in the second quarter. Renaissance Capital LLC now owns 629,177 shares of the company’s stock worth $13,169,000 after acquiring an additional 48,267 shares during the period. Farther Finance Advisors LLC increased its position in shares of Kenvue by 80.7% in the second quarter. Farther Finance Advisors LLC now owns 36,196 shares of the company’s stock worth $758,000 after purchasing an additional 16,164 shares during the last quarter. Arlington Partners LLC bought a new position in shares of Kenvue in the second quarter worth approximately $2,110,000. AG2R LA Mondiale Gestion D Actifs bought a new stake in Kenvue during the first quarter worth about $1,725,000. Finally, Cornell Pochily Investment Advisors Inc. lifted its stake in Kenvue by 144.6% during the second quarter. Cornell Pochily Investment Advisors Inc. now owns 33,173 shares of the company’s stock worth $694,000 after purchasing an additional 19,609 shares during the last quarter. 97.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KVUE has been the topic of several recent research reports. Redburn Partners set a $22.00 price objective on Kenvue in a research report on Friday, September 26th. Bank of America lowered their price target on shares of Kenvue from $25.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Edward Jones lowered shares of Kenvue from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Kenvue in a research report on Tuesday, October 14th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $15.00 target price (down from $26.00) on shares of Kenvue in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.23.

Kenvue Stock Performance

Kenvue stock opened at $17.20 on Friday. Kenvue Inc. has a twelve month low of $14.02 and a twelve month high of $25.17. The stock’s 50 day moving average is $16.44 and its 200 day moving average is $18.73. The company has a market capitalization of $32.95 billion, a P/E ratio of 22.93 and a beta of 0.60. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 0.66.

Kenvue (NYSE:KVUE) last issued its earnings results on Monday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Kenvue had a net margin of 9.55% and a return on equity of 20.02%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Kenvue has set its FY 2025 guidance at 1.000-1.050 EPS. On average, equities research analysts predict that Kenvue Inc. will post 1.14 earnings per share for the current fiscal year.

Kenvue Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a $0.2075 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.8%. Kenvue’s payout ratio is currently 110.67%.

Insider Buying and Selling at Kenvue

In related news, Director Jeffrey C. Smith acquired 3,200,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was purchased at an average cost of $17.37 per share, with a total value of $55,584,000.00. Following the completion of the acquisition, the director directly owned 27,307,632 shares of the company’s stock, valued at approximately $474,333,567.84. This trade represents a 13.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.68% of the stock is owned by insiders.

Kenvue Company Profile

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.