B & T Capital Management DBA Alpha Capital Management Acquires New Position in Newell Brands Inc (NWL)
B & T Capital Management DBA Alpha Capital Management acquired a new position in Newell Brands Inc (NYSE:NWL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 68,964 shares of the company’s stock, valued at approximately $1,400,000.
Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Newell Brands during the third quarter valued at approximately $108,000. Steward Partners Investment Advisory LLC increased its position in shares of Newell Brands by 277.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 5,948 shares of the company’s stock valued at $121,000 after acquiring an additional 4,373 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in shares of Newell Brands during the third quarter valued at approximately $132,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $146,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $149,000. 97.83% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Brett Icahn acquired 100,000 shares of Newell Brands stock in a transaction on Monday, November 12th. The stock was acquired at an average cost of $20.03 per share, with a total value of $2,003,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently owned by corporate insiders.
Shares of NYSE NWL opened at $21.68 on Monday. Newell Brands Inc has a 1-year low of $15.11 and a 1-year high of $32.58. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 3.65 and a beta of 0.82. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.44.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, November 2nd. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.55. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company earned $0.86 earnings per share. Newell Brands’s revenue was down 7.7% compared to the same quarter last year. Analysts anticipate that Newell Brands Inc will post 1.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Thursday, November 29th. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
TRADEMARK VIOLATION WARNING: This story was posted by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.dailypolitical.com/2018/11/19/b-t-capital-management-dba-alpha-capital-management-acquires-new-position-in-newell-brands-inc-nwl.html.
About Newell Brands
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
Recommended Story: Return on Investment (ROI) Defined, Explained
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.