Kings Point Capital Management Has $8.24 Million Stake in Newell Brands Inc (NWL)
Kings Point Capital Management lessened its stake in shares of Newell Brands Inc (NYSE:NWL) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 266,534 shares of the company’s stock after selling 31,690 shares during the quarter. Newell Brands makes up approximately 1.7% of Kings Point Capital Management’s portfolio, making the stock its 15th biggest position. Kings Point Capital Management’s holdings in Newell Brands were worth $8,236,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in shares of Newell Brands by 188.2% during the fourth quarter. State of Alaska Department of Revenue now owns 57,414 shares of the company’s stock valued at $1,773,000 after purchasing an additional 37,490 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Newell Brands by 11.5% during the third quarter. State of Wisconsin Investment Board now owns 447,404 shares of the company’s stock valued at $19,091,000 after purchasing an additional 46,217 shares during the period. Skylands Capital LLC boosted its stake in shares of Newell Brands by 165.3% during the fourth quarter. Skylands Capital LLC now owns 11,395 shares of the company’s stock valued at $352,000 after purchasing an additional 7,100 shares during the period. CIBC World Markets Inc. boosted its stake in shares of Newell Brands by 207.5% during the fourth quarter. CIBC World Markets Inc. now owns 52,463 shares of the company’s stock valued at $1,621,000 after purchasing an additional 35,400 shares during the period. Finally, Strs Ohio boosted its stake in shares of Newell Brands by 1,297.8% during the fourth quarter. Strs Ohio now owns 216,991 shares of the company’s stock valued at $6,705,000 after purchasing an additional 201,467 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.
Newell Brands Inc (NYSE NWL) opened at $26.59 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $12,901.47, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 1.37 and a beta of 0.88. Newell Brands Inc has a twelve month low of $23.85 and a twelve month high of $55.08.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.46%. Newell Brands’s dividend payout ratio (DPR) is 16.34%.
NWL has been the subject of a number of analyst reports. KeyCorp reissued a “buy” rating and set a $32.00 price objective (down previously from $40.00) on shares of Newell Brands in a research note on Monday, January 29th. FIX restated a “hold” rating and set a $23.00 target price on shares of Newell Brands in a report on Thursday, February 8th. Vetr upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, February 20th. Jefferies Group restated a “hold” rating and set a $32.00 target price on shares of Newell Brands in a report on Thursday, January 25th. Finally, Deutsche Bank upped their target price on Newell Brands from $23.00 to $28.00 and gave the company a “hold” rating in a report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $34.50.
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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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