Advisor Group Inc. boosted its holdings in Newell Brands Inc (NYSE:NWL) by 195.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,046 shares of the company’s stock after purchasing an additional 17,900 shares during the quarter. Advisor Group Inc.’s holdings in Newell Brands were worth $835,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Buckingham Capital Management Inc. raised its position in shares of Newell Brands by 7.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock valued at $1,281,000 after buying an additional 2,085 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Newell Brands by 2.6% during the 3rd quarter. Macquarie Group Ltd. now owns 368,620 shares of the company’s stock valued at $15,729,000 after purchasing an additional 9,394 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Newell Brands during the 3rd quarter valued at approximately $517,000. Norinchukin Bank The grew its holdings in shares of Newell Brands by 8.8% during the 3rd quarter. Norinchukin Bank The now owns 36,479 shares of the company’s stock valued at $1,557,000 after purchasing an additional 2,955 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Newell Brands by 4.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 341,645 shares of the company’s stock valued at $14,315,000 after purchasing an additional 13,019 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.
NWL has been the topic of several research reports. ValuEngine lowered shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Barclays reaffirmed a “buy” rating and set a $35.00 price target on shares of Newell Brands in a report on Wednesday, December 6th. Morgan Stanley lowered shares of Newell Brands from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $38.00 to $25.00 in a report on Thursday, January 25th. Deutsche Bank initiated coverage on shares of Newell Brands in a report on Wednesday, December 13th. They set a “hold” rating and a $32.00 price target on the stock. Finally, Wells Fargo reaffirmed a “hold” rating and set a $25.00 price target on shares of Newell Brands in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.72.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. equities analysts predict that Newell Brands Inc will post 2.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a $0.23 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.63%. Newell Brands’s dividend payout ratio (DPR) is currently 16.34%.
About Newell Brands
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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