Cumberland Partners Ltd lowered its stake in Newell Brands Inc. (NYSE:NWL) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 234,785 shares of the company’s stock after selling 2,920 shares during the period. Newell Brands makes up approximately 1.8% of Cumberland Partners Ltd’s portfolio, making the stock its 24th largest position. Cumberland Partners Ltd’s holdings in Newell Brands were worth $12,589,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of The West increased its stake in shares of Newell Brands by 36.4% in the first quarter. Bank of The West now owns 16,139 shares of the company’s stock valued at $761,000 after buying an additional 4,308 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Newell Brands by 9.9% in the first quarter. DnB Asset Management AS now owns 50,053 shares of the company’s stock valued at $2,361,000 after buying an additional 4,500 shares in the last quarter. Palisade Capital Management LLC NJ increased its stake in shares of 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 in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of 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 in the last quarter. Finally, Regent Investment Management LLC increased its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

Newell Brands Inc. (NYSE NWL) opened at 50.20 on Friday. The firm has a 50-day moving average price of $52.74 and a 200 day moving average price of $50.02. The company has a market capitalization of $24.31 billion, a P/E ratio of 20.13 and a beta of 1.17. Newell Brands Inc. has a 52-week low of $43.43 and a 52-week high of $55.45.

Newell Brands (NYSE:NWL) last released its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the company posted $0.78 EPS. Newell Brands’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio (DPR) is presently 36.95%.

ILLEGAL ACTIVITY NOTICE: “Newell Brands Inc. (NYSE:NWL) Stake Decreased by Cumberland Partners Ltd” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/08/11/newell-brands-inc-nysenwl-stake-decreased-by-cumberland-partners-ltd.html.

Several brokerages recently weighed in on NWL. Jefferies Group LLC restated a “buy” rating and set a $66.00 price objective (up from $65.00) on shares of Newell Brands in a research report on Thursday, July 6th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Saturday, July 1st. BidaskClub upgraded Newell Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price objective on shares of Newell Brands in a research report on Thursday, June 8th. Finally, BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the stock a “hold” rating in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target 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).

Institutional Ownership by Quarter for Newell Brands (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.