Aberdeen Group plc significantly increased its stake in Kenvue Inc. (NYSE:KVUE) by 84.1%, acquiring an additional 644,930 shares, bringing its total to 1,411,380 shares valued at approximately $22.9 million. This comes as Kenvue beat Q4 earnings and revenue estimates, reporting $0.27 EPS and $3.78 billion in revenue, and announced a quarterly dividend. However, the company’s high payout ratio and recent workforce reductions are noted as potential concerns, while institutional investors like CWM LLC and Allianz Asset Management GmbH also modified their holdings.
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Aberdeen Group plc Acquires 644,930 Shares of Kenvue Inc. $KVUE
Aberdeen Group plc significantly increased its stake in Kenvue Inc. (NYSE:KVUE) by 84.1%, acquiring an additional 644,930 shares, bringing its total to 1,411,380 shares valued at approximately $22.9 million. This comes as Kenvue beat Q4 earnings and revenue estimates, reporting $0.27 EPS and $3.78 billion in revenue, and announced a quarterly dividend. However, the company’s high payout ratio and recent workforce reductions are noted as potential concerns, while institutional investors like CWM LLC and Allianz Asset Management GmbH also modified their holdings.