Newell Brands Inc. (NWL) Stake Reduced by Pioneer Investment Management Inc.

Pioneer Investment Management Inc. lowered its position in shares of Newell Brands Inc. (NYSE:NWL) by 0.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,809 shares of the company’s stock after selling 646 shares during the period. Pioneer Investment Management Inc.’s holdings in Newell Brands were worth $7,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NWL. State Street Corp boosted its position in shares of Newell Brands by 5.1% in the fourth quarter. State Street Corp now owns 22,868,748 shares of the company’s stock worth $1,021,092,000 after buying an additional 1,116,005 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Newell Brands by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 13,288,502 shares of the company’s stock worth $700,222,000 after buying an additional 3,225,216 shares in the last quarter. Fred Alger Management Inc. boosted 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 worth $331,079,000 after buying an additional 1,020,000 shares in the last quarter. Bank of New York Mellon Corp boosted 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 worth $307,528,000 after buying an additional 1,965,483 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted 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 worth $287,348,000 after buying an additional 681,435 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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

Shares of Newell Brands Inc. (NWL) opened at 54.85 on Friday. The company has a market cap of $26.50 billion, a price-to-earnings ratio of 23.28 and a beta of 1.13. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.45. The firm has a 50-day moving average of $51.94 and a 200 day moving average of $48.25.

Newell Brands (NYSE:NWL) last announced its quarterly earnings results 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. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.23 billion. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The business’s quarterly revenue was up 148.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. On average, analysts expect that Newell Brands Inc. will post $3.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, May 26th. This is an increase from Newell Brands’s previous quarterly dividend of $0.19. Newell Brands’s dividend payout ratio (DPR) is presently 39.49%.

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NWL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a 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 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 report on Thursday, June 8th. BMO Capital Markets set a $51.00 price objective on shares of Newell Brands and gave the company a “hold” rating in a report on Monday, May 8th. Finally, Wells Fargo & Company cut shares of Newell Brands from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a report on Monday, May 1st. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $57.93.

In other news, Director Thomas E. Clarke sold 5,353 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total transaction of $280,978.97. Following the sale, the director now owns 66,286 shares of the company’s stock, valued at approximately $3,479,352.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.97% of the company’s stock.

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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