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Richard Bernstein Advisors LLC Lowers Stock Position in Kenvue Inc. $KVUE
Richard Bernstein Advisors LLC significantly reduced its stake in Kenvue Inc. (NYSE:KVUE) by 55.1% in the third quarter, now owning 109,369 shares valued at $1.78 million. Despite this, other institutions like Capital Research Global Investors and Legal & General Group Plc increased their positions, and Kenvue recently posted stronger-than-expected quarterly earnings and declared a dividend. The company maintains a “Hold” rating from most analysts with a consensus price target of $19.58.