Sei Investments Co. reduced its stake in Newell Brands Inc. (NYSE:NWL) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 602,065 shares of the company’s stock after selling 61,053 shares during the period. Sei Investments Co. owned 0.12% of Newell Brands worth $32,282,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Newell Brands by 0.5% in the first quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock valued at $337,000 after buying an additional 39 shares during the last quarter. Cleararc Capital Inc. increased its stake in shares of Newell Brands by 0.5% in the first quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock valued at $514,000 after buying an additional 51 shares during the last quarter. Savant Capital LLC boosted its position in shares of Newell Brands by 1.9% in the first quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock valued at $230,000 after buying an additional 90 shares during the period. FTB Advisors Inc. boosted its position in shares of Newell Brands by 1.9% in the first quarter. FTB Advisors Inc. now owns 7,088 shares of the company’s stock valued at $334,000 after buying an additional 134 shares during the period. Finally, United Asset Strategies Inc. boosted its position in shares of Newell Brands by 2.8% in the first quarter. United Asset Strategies Inc. now owns 4,887 shares of the company’s stock valued at $231,000 after buying an additional 135 shares during the period. 94.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Newell Brands Inc. (NYSE NWL) opened at 50.00 on Friday. Newell Brands Inc. has a 1-year low of $43.43 and a 1-year high of $55.45. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 19.97 and a beta of 1.17. The stock has a 50 day moving average price of $52.68 and a 200 day moving average price of $50.04.
Newell Brands (NYSE:NWL) last released its earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the firm earned $0.78 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Newell Brands Inc. will post $3.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.92 annualized dividend and a yield of 1.84%. Newell Brands’s payout ratio is currently 36.95%.
Several equities analysts have recently issued reports on NWL shares. Zacks Investment Research cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. Wells Fargo & Company restated a “buy” rating on shares of Newell Brands in a report on Saturday, April 22nd. Royal Bank Of Canada restated a “top pick” rating and issued a $60.00 target price on shares of Newell Brands in a report on Monday, May 1st. Jefferies Group LLC lifted their target price on Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, UBS AG set a $60.00 price target on Newell Brands and gave the company a “buy” rating in a report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.07.
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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