UMB Bank N A MO Lowers Position in Newell Brands Inc. (NYSE:NWL)
UMB Bank N A MO decreased its stake in shares of Newell Brands Inc. (NYSE:NWL) by 11.2% during the second quarter, Holdings Channel reports. The fund owned 38,473 shares of the company’s stock after selling 4,833 shares during the period. UMB Bank N A MO’s holdings in Newell Brands were worth $2,063,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in NWL. Montag & Caldwell LLC bought a new position in shares of Newell Brands during the second quarter worth about $308,000. BTC Capital Management Inc. increased its position in shares of Newell Brands by 1.3% in the second quarter. BTC Capital Management Inc. now owns 45,137 shares of the company’s stock worth $2,421,000 after buying an additional 563 shares during the period. Teacher Retirement System of Texas increased its position in shares of Newell Brands by 8.7% in the second quarter. Teacher Retirement System of Texas now owns 5,044 shares of the company’s stock worth $270,000 after buying an additional 403 shares during the period. First Trust Advisors LP bought a new position in shares of Newell Brands during the second quarter worth about $5,573,000. Finally, Arizona State Retirement System increased its position in shares of Newell Brands by 0.3% in the second quarter. Arizona State Retirement System now owns 119,776 shares of the company’s stock worth $6,422,000 after buying an additional 400 shares during the period. 94.42% of the stock is owned by hedge funds and other institutional investors.
Newell Brands Inc. (NYSE NWL) opened at 50.00 on Friday. The firm has a 50-day moving average price of $52.68 and a 200 day moving average price of $50.04. The company has a market capitalization of $24.51 billion, a P/E ratio of 19.97 and a beta of 1.17. Newell Brands Inc. has a 1-year low of $43.43 and a 1-year high of $55.45.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates 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 was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. On average, equities analysts predict that Newell Brands Inc. will post $3.12 EPS for the current year.
The company also recently declared 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 1.84%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio is presently 36.95%.
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A number of brokerages recently issued reports on NWL. UBS AG set a $60.00 price objective on Newell Brands and gave the company a “buy” rating in a research note on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and set a $65.00 price objective (down from $66.00) on shares of Newell Brands in a research note on Monday, August 7th. J P Morgan Chase & Co set a $61.00 price objective on Newell Brands and gave the company a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, August 1st. Finally, BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the company a “hold” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average 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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