Cambridge Investment Research Advisors Inc. Has $2.21 Million Position in Newell Brands Inc (NWL)

Cambridge Investment Research Advisors Inc. boosted its stake in Newell Brands Inc (NYSE:NWL) by 548.3% during the 4th quarter, HoldingsChannel reports. The fund owned 71,583 shares of the company’s stock after purchasing an additional 60,542 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Newell Brands were worth $2,212,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NWL. Buckingham Capital Management Inc. boosted its holdings in Newell Brands by 7.5% in the third quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock valued at $1,281,000 after acquiring an additional 2,085 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Newell Brands by 4.0% in the third quarter. Great West Life Assurance Co. Can now owns 341,645 shares of the company’s stock valued at $14,315,000 after acquiring an additional 13,019 shares in the last quarter. Legal & General Group Plc boosted its holdings in Newell Brands by 1.5% in the third quarter. Legal & General Group Plc now owns 2,233,051 shares of the company’s stock valued at $95,281,000 after acquiring an additional 32,160 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Newell Brands by 11.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,858 shares of the company’s stock valued at $1,701,000 after acquiring an additional 3,967 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Newell Brands by 0.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 966,942 shares of the company’s stock valued at $41,259,000 after acquiring an additional 5,891 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

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Several research firms recently weighed in on NWL. BMO Capital Markets cut their price target on shares of Newell Brands to $25.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Zacks Investment Research cut shares of Newell Brands from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Vetr upgraded shares of Newell Brands from a “buy” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Monday, March 26th. Bank of America cut shares of Newell Brands from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Finally, ValuEngine cut shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Newell Brands presently has an average rating of “Hold” and a consensus target price of $34.72.

Shares of NWL stock opened at $25.48 on Friday. Newell Brands Inc has a 12 month low of $23.85 and a 12 month high of $55.08. The firm has a market cap of $12,362.90, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.37 and a beta of 0.88. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, February 16th. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 EPS. analysts expect that Newell Brands Inc will post 2.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Tuesday, February 27th. Newell Brands’s payout ratio is 33.45%.

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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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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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