Bbva Compass Bancshares Inc. Has $508,000 Stake in Newell Brands Inc. (NWL)
Bbva Compass Bancshares Inc. decreased its stake in Newell Brands Inc. (NYSE:NWL) by 6.6% during the second quarter, Holdings Channel reports. The firm owned 9,484 shares of the company’s stock after selling 668 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Newell Brands were worth $508,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in NWL. Great West Life Assurance Co. Can raised its position in shares of Newell Brands by 2.4% in the second quarter. Great West Life Assurance Co. Can now owns 328,626 shares of the company’s stock valued at $17,602,000 after buying an additional 7,801 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Newell Brands by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 17,753 shares of the company’s stock valued at $952,000 after buying an additional 776 shares during the period. Harbour Capital Advisors LLC raised its position in shares of Newell Brands by 3,809.4% in the second quarter. Harbour Capital Advisors LLC now owns 66,382 shares of the company’s stock valued at $1,238,000 after buying an additional 64,684 shares during the period. IBM Retirement Fund raised its position in shares of Newell Brands by 124.5% in the second quarter. IBM Retirement Fund now owns 11,764 shares of the company’s stock valued at $705,000 after buying an additional 6,524 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Newell Brands by 80.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 28,030 shares of the company’s stock valued at $1,503,000 after buying an additional 12,520 shares during the period. Institutional investors own 94.42% of the company’s stock.
Shares of Newell Brands Inc. (NYSE:NWL) opened at 50.69 on Monday. The company has a market capitalization of $24.49 billion, a P/E ratio of 21.52 and a beta of 1.17. Newell Brands Inc. has a one year low of $43.43 and a one year high of $55.45. The firm has a 50-day moving average of $53.31 and a 200-day moving average of $49.86.
Newell Brands (NYSE:NWL) last issued its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share. Equities research analysts expect that Newell Brands Inc. will post $3.12 EPS for the current fiscal year.
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Several research analysts have recently commented on the stock. Jefferies Group LLC restated a “buy” rating and set a $65.00 price target on shares of Newell Brands in a research note on Monday. BMO Capital Markets set a $51.00 price objective on shares of Newell Brands and gave the stock a “hold” rating in a report on Saturday. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Newell Brands from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Newell Brands has a consensus rating of “Buy” and an average price target of $58.21.
In other Newell Brands news, Director Thomas E. Clarke sold 5,353 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total value of $280,978.97. Following the transaction, the director now directly owns 66,286 shares in the company, valued at $3,479,352.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% of the stock is currently owned by insiders.
About Newell Brands
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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