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Amalgamated Bank increased its stake in Kenvue Inc., which beat earnings estimates but saw revenue fall.
Amalgamated Bank and several other investment firms have adjusted their stakes in Kenvue Inc., with Amalgamated increasing its holdings by 0.7%.
Kenvue, a consumer health company, reported earnings of $0.24 per share, slightly above analysts' estimates, with revenue at $3.74 billion, down 3.9% year-over-year.
The stock has a "Hold" rating and a target price of $25.33, with a market cap of $40.14 billion and a dividend yield of 3.92%.
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Amalgamated Bank aumentó su participación en Kenvue Inc., que superó las estimaciones de ganancias, pero vio caer los ingresos.