Investors Buy Shares of Newell Brands Inc. (NWL) on Weakness
Investors purchased shares of Newell Brands Inc. (NYSE:NWL) on weakness during trading on Wednesday. $15.07 million flowed into the stock on the tick-up and $9.73 million flowed out of the stock on the tick-down, for a money net flow of $5.34 million into the stock. Of all stocks tracked, Newell Brands had the 13th highest net in-flow for the day. Newell Brands traded down ($1.67) for the day and closed at $47.05
A number of analysts have recently issued reports on the company. Jefferies Group LLC decreased their target price on Newell Brands from $65.00 to $63.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer Holdings, Inc. reiterated a “hold” rating and set a $50.00 target price on shares of Newell Brands in a report on Wednesday. Royal Bank Of Canada reiterated a “top pick” rating and set a $60.00 target price on shares of Newell Brands in a report on Tuesday, August 29th. BidaskClub cut Newell Brands from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Finally, J P Morgan Chase & Co set a $61.00 target price on Newell Brands and gave the stock a “buy” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.93.
The company’s 50-day moving average is $50.19 and its 200-day moving average is $50.31. The firm has a market capitalization of $21.94 billion, a P/E ratio of 17.88 and a beta of 1.19.
Newell Brands (NYSE:NWL) last released its earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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 company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. On average, equities analysts anticipate that Newell Brands Inc. will post $3.07 earnings per share for the current year.
The firm 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s dividend payout ratio (DPR) is currently 36.95%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in Newell Brands by 0.5% in the 1st quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock valued at $337,000 after buying an additional 39 shares during the last quarter. Cleararc Capital Inc. grew its holdings in Newell Brands by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock valued at $514,000 after buying an additional 51 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Newell Brands by 1.6% in the 2nd quarter. Penserra Capital Management LLC now owns 4,160 shares of the company’s stock valued at $223,000 after buying an additional 66 shares during the last quarter. QS Investors LLC grew its holdings in Newell Brands by 1.1% in the 2nd quarter. QS Investors LLC now owns 6,040 shares of the company’s stock valued at $324,000 after buying an additional 68 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in Newell Brands by 1.9% in the 1st quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock valued at $230,000 after buying an additional 90 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/08/investors-buy-shares-of-newell-brands-inc-nwl-on-weakness.html.
About Newell Brands
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.