Accredited Investors Inc. Holds Position in Newell Brands Inc. (NYSE:NWL)
Accredited Investors Inc. held its stake in Newell Brands Inc. (NYSE:NWL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the company’s stock at the end of the second quarter. Accredited Investors Inc.’s holdings in Newell Brands were worth $268,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Newell Brands by 3,249.0% in the first quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock valued at $1,413,905,000 after buying an additional 29,079,686 shares during the period. Bank of New York Mellon Corp boosted its stake in Newell Brands by 43.2% in the first quarter. Bank of New York Mellon Corp now owns 6,519,567 shares of the company’s stock valued at $307,528,000 after buying an additional 1,965,483 shares during the period. Sentry Investments Corp. boosted its stake in Newell Brands by 75.7% in the first quarter. Sentry Investments Corp. now owns 3,712,271 shares of the company’s stock valued at $175,108,000 after buying an additional 1,599,100 shares during the period. Vanguard Group Inc. boosted its stake in Newell Brands by 3.5% in the first quarter. Vanguard Group Inc. now owns 46,571,725 shares of the company’s stock valued at $2,196,788,000 after buying an additional 1,584,954 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Newell Brands by 74.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,697,252 shares of the company’s stock valued at $174,399,000 after buying an additional 1,581,850 shares during the period. Institutional investors and hedge funds own 94.42% of the company’s stock.
Newell Brands Inc. (NWL) opened at 50.00 on Friday. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 19.97 and a beta of 1.17. The stock has a 50 day moving average price of $52.68 and a 200 day moving average price of $50.04. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.45.
Newell Brands (NYSE:NWL) last announced its quarterly earnings results 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 analyst estimates of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. Newell Brands’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Analysts anticipate 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. Shareholders of record on Thursday, August 31st will be issued 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 dividend payout ratio is currently 36.95%.
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Several equities research analysts have weighed in on NWL shares. Wells Fargo & Company cut Newell Brands from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a report on Monday, May 1st. Zacks Investment Research cut Newell Brands from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Jefferies Group LLC reiterated 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. BidaskClub cut Newell Brands from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a “top pick” rating and issued a $60.00 price objective on shares of Newell Brands in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Newell Brands currently 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.
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