Envestnet Asset Management Inc. Sells 5,294,830 Shares of Kenvue Inc. $KVUE

2026-02-14 01:15:48

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Envestnet Asset Management Inc. significantly reduced its stake in Kenvue Inc. (NYSE:KVUE) by selling 5,294,830 shares, a 49.9% cut, ending with 5,307,235 shares valued at $86.14 million. Concurrently, Kenvue Director Jeffrey C. Smith increased his holdings by 13.27%, purchasing 3,200,000 shares for approximately $55.6 million. The company also declared a quarterly dividend of $0.2075 per share, representing an annualized dividend of $0.83 and a yield of 4.6%.

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