B & T Capital Management DBA Alpha Capital Management decreased its stake in shares of Newell Brands Inc. (NYSE:NWL) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,653 shares of the company’s stock after selling 31 shares during the period. Newell Brands comprises approximately 1.2% of B & T Capital Management DBA Alpha Capital Management’s portfolio, making the stock its 21st largest position. B & T Capital Management DBA Alpha Capital Management’s holdings in Newell Brands were worth $2,448,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Harfst & Associates Inc. bought a new stake in Newell Brands during the first quarter valued at $103,000. Israel Discount Bank of New York acquired a new position in shares of Newell Brands during the first quarter worth approximately $112,000. Parallel Advisors LLC increased its position in shares of Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Newell Brands during the first quarter worth approximately $156,000. Finally, Duncker Streett & Co. Inc. acquired a new position in shares of Newell Brands during the first quarter worth approximately $186,000. 94.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Newell Brands Inc. (NWL) traded down 0.40% during midday trading on Friday, hitting $50.00. 2,333,041 shares of the stock were exchanged. The stock has a 50 day moving average price of $52.68 and a 200-day moving average price of $50.04. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.45. The company has a market cap of $24.21 billion, a PE ratio of 20.05 and a beta of 1.17.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 earnings per share. On average, analysts predict that Newell Brands Inc. will post $3.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s dividend payout ratio is presently 36.95%.
A number of equities analysts recently commented on NWL shares. B. Riley reissued a “buy” rating and issued a $71.00 price objective on shares of Newell Brands in a research note on Friday, April 14th. Wells Fargo & Company reissued a “buy” rating on shares of Newell Brands in a research note on Saturday, April 22nd. UBS AG set a $60.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Jefferies Group LLC boosted their price objective on shares of Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $60.00 price objective on shares of Newell Brands in a research note on Thursday, June 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $58.07.
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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