Investors Sell Shares of Newell Brands (NWL) on Strength (NWL)
Traders sold shares of Newell Brands Inc (NYSE:NWL) on strength during trading on Tuesday. $27.06 million flowed into the stock on the tick-up and $42.35 million flowed out of the stock on the tick-down, for a money net flow of $15.29 million out of the stock. Of all equities tracked, Newell Brands had the 0th highest net out-flow for the day. Newell Brands traded up $0.18 for the day and closed at $21.60
NWL has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Newell Brands from $36.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a research report on Friday, November 2nd. TheStreet lowered Newell Brands from a “c” rating to a “d” rating in a research report on Friday, November 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $24.00 price target on shares of Newell Brands in a research report on Wednesday, August 8th. Finally, BMO Capital Markets decreased their price target on Newell Brands from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.60.
The stock has a market capitalization of $10.00 billion, a P/E ratio of 7.85, a PEG ratio of 3.61 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 2.53.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Thursday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.
In other news, Director Brett Icahn purchased 100,000 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was bought at an average cost of $20.03 per share, with a total value of $2,003,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.97% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of NWL. Truvestments Capital LLC bought a new position in shares of Newell Brands in the 3rd quarter valued at approximately $108,000. Steward Partners Investment Advisory LLC raised its stake in shares of Newell Brands by 277.7% in the 3rd 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 in the last quarter. Aviance Capital Management LLC bought a new position in shares of Newell Brands in the 3rd quarter valued at approximately $132,000. Piedmont Investment Advisors LLC bought a new position in shares of Newell Brands in the 2nd quarter valued at approximately $146,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Newell Brands in the 2nd quarter valued at approximately $149,000.
Newell Brands Company Profile (NYSE:NWL)
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.
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