Newell Brands Inc. (NWL) Shares Sold by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. cut its position in Newell Brands Inc. (NYSE:NWL) by 21.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 13,700 shares of the company’s stock after selling 3,800 shares during the period. Daiwa Securities Group Inc.’s holdings in Newell Brands were worth $735,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. boosted its position in Newell Brands by 43.4% in the second quarter. Bessemer Group Inc. now owns 2,944,137 shares of the company’s stock worth $157,864,000 after buying an additional 891,147 shares in the last quarter. CIBC Asset Management Inc boosted its position in Newell Brands by 1.3% in the second quarter. CIBC Asset Management Inc now owns 48,034 shares of the company’s stock worth $2,576,000 after buying an additional 606 shares in the last quarter. Klingenstein Fields & Co. LLC boosted its position in Newell Brands by 3.5% in the second quarter. Klingenstein Fields & Co. LLC now owns 560,508 shares of the company’s stock worth $30,055,000 after buying an additional 18,886 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in 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 worth $17,602,000 after buying an additional 7,801 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Newell Brands by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 17,753 shares of the company’s stock worth $952,000 after buying an additional 776 shares in the last quarter. 94.42% of the stock is currently owned by institutional investors.
Shares of Newell Brands Inc. (NYSE NWL) opened at 50.00 on Friday. The stock’s 50 day moving average price is $52.68 and its 200 day moving average price is $50.04. The stock has a market capitalization of $24.21 billion, a PE ratio of 20.05 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts predict that Newell Brands Inc. will post $3.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.23 per share. 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 1.84%. Newell Brands’s payout ratio is 36.95%.
A number of research firms recently commented on NWL. J P Morgan Chase & Co set a $61.00 price target on Newell Brands and gave the stock a “buy” rating in a report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 price target (down from $66.00) on shares of Newell Brands in a report on Monday, August 7th. BMO Capital Markets set a $51.00 price target on Newell Brands and gave the stock a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Tuesday, August 1st. Finally, BidaskClub cut 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 assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus 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.
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