Executive Wealth Management LLC decreased its position in Newell Brands Inc (NYSE:NWL) by 92.4% in the first quarter, Holdings Channel reports. The institutional investor owned 2,159 shares of the company’s stock after selling 26,162 shares during the quarter. Executive Wealth Management LLC’s holdings in Newell Brands were worth $33,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of Newell Brands by 3.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,946,845 shares of the company’s stock valued at $141,022,000 after purchasing an additional 257,273 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Newell Brands by 28.3% in the 3rd quarter. Teachers Advisors LLC now owns 2,783,541 shares of the company’s stock valued at $56,506,000 after purchasing an additional 614,285 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Newell Brands by 7.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,596,926 shares of the company’s stock valued at $32,418,000 after purchasing an additional 117,363 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Newell Brands by 3.9% in the 3rd quarter. Legal & General Group Plc now owns 2,144,613 shares of the company’s stock valued at $43,536,000 after purchasing an additional 80,486 shares in the last quarter. Finally, Federated Investors Inc. PA raised its stake in shares of Newell Brands by 2.5% in the 3rd quarter. Federated Investors Inc. PA now owns 356,661 shares of the company’s stock valued at $7,240,000 after purchasing an additional 8,631 shares in the last quarter. Institutional investors own 98.42% of the company’s stock.
A number of brokerages have recently issued reports on NWL. Zacks Investment Research lowered shares of Newell Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 21st. Jefferies Financial Group cut their target price on shares of Newell Brands to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, February 19th. Barclays set a $16.00 target price on shares of Newell Brands and gave the company a “hold” rating in a research note on Tuesday, February 19th. Citigroup set a $24.00 target price on shares of Newell Brands and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $21.00 price objective (down previously from $36.00) on shares of Newell Brands in a research note on Tuesday, February 19th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Newell Brands has an average rating of “Hold” and an average target price of $20.80.
NWL opened at $15.53 on Thursday. The stock has a market cap of $6.71 billion, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. Newell Brands Inc has a fifty-two week low of $13.57 and a fifty-two week high of $28.00. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.08. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. Newell Brands’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Sell-side analysts predict that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.92 annualized dividend and a yield of 5.92%. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
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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.
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