Beacon Investment Advisory Services Inc. Sells 58,696 Shares of Kenvue Inc. $KVUE

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Beacon Investment Advisory Services Inc. reduced its stake in Kenvue Inc. (NYSE:KVUE) by 12.6% in the fourth quarter, selling 58,696 shares but still holding 408,412 shares valued at approximately $7.05 million. Despite other institutional investors increasing their positions, Wall Street analysts currently rate Kenvue as a “Hold” with an average price target of $19.58. Kenvue’s recent earnings beat estimates, and it offers a quarterly dividend yielding about 4.7%, though its payout ratio raises potential sustainability concerns.

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