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Kenvue Inc (NYSE: KVUE) Shares Declined By -10.67% In One Month.

In the last trading session, 17.75 million Kenvue Inc (NYSE:KVUE) shares changed hands as the company’s beta touched 0. With the company’s per share price at $19.59 changed hands at $0.26 or 1.35% during last session, the market valuation stood at $37.51B. KVUE’s last price was a discount, traded about -41.91% off its 52-week high of $27.80. The share price had its 52-week low at $17.82, which suggests the last value was 9.04% up since then. When we look at Kenvue Inc’s average trading volume, we note the 10-day average is 17.95 million shares, with the 3-month average coming to 0.91.

Kenvue Inc (NYSE:KVUE) trade information

Instantly KVUE was in green as seen at the end of in last trading. With action -4.35%, the performance over the past five days has been red. The jump to weekly highs of 20.75 added 1.35% to the stock’s daily price. The company’s shares are showing year-to-date downside of -9.01%, with the 5-day performance at -4.35% in the red. However, in the 30-day time frame, Kenvue Inc (NYSE:KVUE) is -10.67% down. Looking at the short shares, we see there were 24.92 million shares sold at short interest cover period of 1.53 days.

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Kenvue Inc (KVUE) estimates and forecasts

Data shows that the Kenvue Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -17.41% over the past 6 months, a -6.98% in annual growth rate that is considerably lower than the industry average of 4.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.33%. The 2024 estimates are for Kenvue Inc earnings to decrease by -8.18%, but the outlook for the next 5-year period is at 1.79% per year.

KVUE Dividends

Kenvue Inc is expected to release its next quarterly earnings report in March. The 1.02% annual yield figure for the share gives it an annual dividend of 0.20. It is important to note, however, that the 1.02% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Kenvue Inc (NYSE:KVUE)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 9.52% of Kenvue Inc shares while 90.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 100.26%. There are 90.71% institutions holding the Kenvue Inc stock share, with Price (T.Rowe) Associates Inc the top institutional holder. As of Jun 29, 2023, the company held 1.37% of the shares, roughly 26.32 million KVUE shares worth $695.31 million.

Massachusetts Financial Services Co. holds the second largest percentage of outstanding shares, with 0.97% or 18.64 million shares worth $492.51 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were SPDR S&P 500 ETF Trust and iShares Core S&P 500 ETF. With 18.94 million shares estimated at $436.48 million under it, the former controlled 0.99% of total outstanding shares. On the other hand, iShares Core S&P 500 ETF held about 0.84% of the shares, roughly 16.12 million shares worth around $371.55 million.

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