Newell Brands Inc. (NYSE:NWL) Shares Bought by Advisor Partners LLC
Advisor Partners LLC increased its stake in Newell Brands Inc. (NYSE:NWL) by 31.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,428 shares of the company’s stock after buying an additional 1,791 shares during the period. Advisor Partners LLC’s holdings in Newell Brands were worth $398,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Palisade Capital Management LLC NJ increased its stake in Newell Brands by 16.8% in the first quarter. Palisade Capital Management LLC NJ now owns 248,849 shares of the company’s stock valued at $11,738,000 after buying an additional 35,773 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in Newell Brands by 0.6% in the first quarter. Farmers & Merchants Investments Inc. now owns 64,482 shares of the company’s stock valued at $3,042,000 after buying an additional 400 shares during the last quarter. Regent Investment Management LLC increased its stake in Newell Brands by 25.1% in the first quarter. Regent Investment Management LLC now owns 18,835 shares of the company’s stock valued at $888,000 after buying an additional 3,775 shares during the last quarter. Viking Fund Management LLC increased its stake in Newell Brands by 39.1% in the first quarter. Viking Fund Management LLC now owns 16,000 shares of the company’s stock valued at $755,000 after buying an additional 4,500 shares during the last quarter. Finally, Lathrop Investment Management Corp increased its stake in Newell Brands by 8.9% in the first quarter. Lathrop Investment Management Corp now owns 270,893 shares of the company’s stock valued at $12,778,000 after buying an additional 22,183 shares during the last quarter. 94.42% of the stock is owned by institutional investors and hedge funds.
Shares of Newell Brands Inc. (NYSE NWL) opened at 50.74 on Thursday. The firm has a 50-day moving average of $52.81 and a 200-day moving average of $50.01. The firm has a market capitalization of $24.51 billion, a P/E ratio of 21.54 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.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. On average, equities analysts predict that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.81%. Newell Brands’s dividend payout ratio is 36.95%.
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Several research firms recently weighed in on NWL. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 price objective (up previously from $65.00) on shares of Newell Brands in a report on Thursday, July 6th. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Saturday, July 1st. BidaskClub raised shares of Newell Brands from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Newell Brands in a report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Newell Brands has a consensus rating of “Buy” and a consensus target price of $58.07.
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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