Meag Munich Ergo Kapitalanlagegesellschaft MBH reduced its stake in shares of Newell Brands Inc. (NYSE:NWL) by 66.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,399 shares of the company’s stock after selling 121,404 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Newell Brands were worth $2,542,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BDO Wealth Advisors LLC acquired a new stake in shares of Newell Brands during the second quarter worth $107,000. Harfst & Associates Inc. lifted its stake in shares of Newell Brands by 14.4% during the second quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock worth $134,000 after buying an additional 315 shares during the period. BB&T Investment Services Inc. acquired a new stake in shares of Newell Brands during the second quarter worth $143,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Newell Brands by 52.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after buying an additional 1,088 shares during the period. Finally, Sun Life Financial INC lifted its stake in shares of Newell Brands by 29,358.3% during the second quarter. Sun Life Financial INC now owns 3,535 shares of the company’s stock worth $190,000 after buying an additional 3,523 shares during the period. Institutional investors and hedge funds own 91.42% of the company’s stock.
Several research firms have recently commented on NWL. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Newell Brands from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. J P Morgan Chase & Co set a $61.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a research note on Monday, August 7th. Jefferies Group LLC reiterated a “buy” rating and set a $65.00 price objective (down from $66.00) on shares of Newell Brands in a research note on Monday, August 7th. Finally, BMO Capital Markets set a $51.00 price objective on shares of Newell Brands and gave the stock a “hold” rating in a research note on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.57.
In other news, CEO Michael B. Polk acquired 5,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average price of $43.61 per share, with a total value of $218,050.00. Following the completion of the acquisition, the chief executive officer now owns 609,296 shares of the company’s stock, valued at $26,571,398.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott S. Cowen acquired 2,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $43.60 per share, with a total value of $87,200.00. Following the acquisition, the director now directly owns 87,883 shares of the company’s stock, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. Insiders acquired 7,100 shares of company stock valued at $309,715 in the last ninety days. 0.97% of the stock is owned by corporate insiders.
Newell Brands Inc. (NYSE NWL) opened at $28.47 on Tuesday. Newell Brands Inc. has a fifty-two week low of $28.11 and a fifty-two week high of $55.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86. The firm has a market cap of $13,950.00, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 1.03 and a beta of 1.20.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the firm posted $0.78 EPS. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. equities research analysts expect that Newell Brands Inc. will post 2.81 EPS for the current fiscal year.
Newell Brands declared that its board has authorized a share repurchase plan on Tuesday, September 26th that permits the company to repurchase $256.00 million in shares. This repurchase authorization permits the company to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.23%. Newell Brands’s payout ratio is 35.52%.
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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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