Financial Engines Advisors L.L.C. Decreases Stake in Newell Brands Inc. (NYSE:NWL)
Financial Engines Advisors L.L.C. decreased its stake in Newell Brands Inc. (NYSE:NWL) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,805 shares of the company’s stock after selling 350 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Newell Brands were worth $579,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of NWL. Schwab Charles Investment Management Inc. boosted its position in shares of Newell Brands by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,464,507 shares of the company’s stock valued at $78,527,000 after buying an additional 37,198 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Newell Brands by 10.7% in the second quarter. Wetherby Asset Management Inc. now owns 11,408 shares of the company’s stock valued at $612,000 after buying an additional 1,105 shares in the last quarter. Consolidated Investment Group LLC acquired a new position in shares of Newell Brands during the second quarter valued at $2,278,000. HL Financial Services LLC acquired a new position in shares of Newell Brands during the second quarter valued at $225,000. Finally, BP PLC boosted its position in shares of Newell Brands by 111.8% in the second quarter. BP PLC now owns 180,000 shares of the company’s stock valued at $9,652,000 after buying an additional 95,000 shares in the last quarter. 94.42% of the stock is owned by institutional investors.
Shares of Newell Brands Inc. (NWL) opened at 50.20 on Friday. The firm’s 50-day moving average price is $52.74 and its 200 day moving average price is $50.02. The firm has a market cap of $24.31 billion, a P/E ratio of 20.13 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 announced its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Analysts predict that Newell Brands Inc. will post $3.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. Newell Brands’s dividend payout ratio (DPR) is presently 36.95%.
COPYRIGHT VIOLATION WARNING: This piece was reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/11/financial-engines-advisors-l-l-c-decreases-stake-in-newell-brands-inc-nysenwl.html.
Several equities analysts have recently weighed in on the stock. J P Morgan Chase & Co set a $61.00 price target on shares of Newell Brands and gave the stock a “buy” rating in a research note on Monday. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 target price (down from $66.00) on shares of Newell Brands in a research note on Monday. BMO Capital Markets set a $51.00 target price on shares of Newell Brands and gave the company a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Tuesday, August 1st. Finally, BidaskClub cut shares of Newell Brands from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. 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 given a strong buy rating to the stock. Newell Brands currently has a consensus rating of “Buy” and an average target price of $58.07.
Newell Brands Company Profile
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.
Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Brands Inc. (NYSE:NWL).
Receive News & Ratings for Newell Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.