BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Position in Kenvue Inc. $KVUE

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BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its stake in Kenvue Inc. by 9.3% in the third quarter, reducing its holdings to 722,929 shares valued at $11.73 million. Other institutional investors showed mixed activity, with some like CWM LLC and Allianz Asset Management GmbH increasing their positions, while collectively, institutional investors and hedge funds own 97.64% of Kenvue’s stock. Kenvue recently reported strong quarterly earnings, beating analyst estimates, and declared a quarterly dividend of $0.2075 per share, resulting in an annualized dividend yield of 4.4%.

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