Stephens Inc. AR raised its stake in Newell Brands Inc. (NYSE:NWL) by 10.2% during the first quarter, Holdings Channel reports. The institutional investor owned 6,739 shares of the company’s stock after buying an additional 622 shares during the period. Stephens Inc. AR’s holdings in Newell Brands were worth $318,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Fred Alger Management Inc. increased its position in shares of Newell Brands by 15.9% in the fourth quarter. Fred Alger Management Inc. now owns 7,414,985 shares of the company’s stock valued at $331,079,000 after buying an additional 1,020,000 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Newell Brands by 3.6% in the first quarter. Neuberger Berman Group LLC now owns 7,205,042 shares of the company’s stock valued at $339,862,000 after buying an additional 249,524 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Newell Brands by 43.2% in the first quarter. Bank of New York Mellon Corp now owns 6,519,567 shares of the company’s stock valued at $307,528,000 after buying an additional 1,965,483 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Newell Brands by 12.6% in the first quarter. Ameriprise Financial Inc. now owns 6,086,522 shares of the company’s stock valued at $287,348,000 after buying an additional 681,435 shares in the last quarter. Finally, Iridian Asset Management LLC CT increased its position in shares of Newell Brands by 15.4% in the first quarter. Iridian Asset Management LLC CT now owns 5,971,449 shares of the company’s stock valued at $281,673,000 after buying an additional 797,376 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
Shares of Newell Brands Inc. (NYSE NWL) traded up 0.48% during midday trading on Friday, reaching $54.85. The company had a trading volume of 4,564,369 shares. The company has a market capitalization of $26.50 billion, a P/E ratio of 23.28 and a beta of 1.13. The firm’s 50 day moving average price is $51.94 and its 200-day moving average price is $48.25. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.45.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Monday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 148.4% on a year-over-year basis. Analysts anticipate that Newell Brands Inc. will post $3.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, May 26th. This is a boost from Newell Brands’s previous quarterly dividend of $0.19. This represents a $0.92 dividend on an annualized basis and a yield of 1.68%. Newell Brands’s dividend payout ratio (DPR) is presently 39.49%.
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Several equities analysts have recently issued reports on NWL shares. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, April 11th. B. Riley reiterated a “buy” rating and set a $71.00 price objective on shares of Newell Brands in a research report on Friday, April 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 price objective on shares of Newell Brands in a research report on Thursday, June 8th. BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the stock a “hold” rating in a research report on Monday, May 8th. Finally, Wells Fargo & Company downgraded Newell Brands from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a research report on Monday, May 1st. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $57.93.
In other Newell Brands news, Director Thomas E. Clarke sold 5,353 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total value of $280,978.97. Following the transaction, the director now directly owns 66,286 shares of the company’s stock, valued at $3,479,352.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.
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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