Newell Brands Inc. (NYSE:NWL) Shares Bought by Rosenbaum Jay D.

Rosenbaum Jay D. increased its stake in shares of Newell Brands Inc. (NYSE:NWL) by 16.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,940 shares of the company’s stock after buying an additional 1,230 shares during the period. Rosenbaum Jay D.’s holdings in Newell Brands were worth $479,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Harfst & Associates Inc. bought a new position in Newell Brands during the first quarter valued at about $103,000. Israel Discount Bank of New York bought a new position in Newell Brands during the first quarter valued at about $112,000. Parallel Advisors LLC boosted its position in Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock valued at $132,000 after buying an additional 544 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Newell Brands during the first quarter valued at about $156,000. Finally, Duncker Streett & Co. Inc. bought a new position in Newell Brands during the first quarter valued at about $186,000. Institutional investors and hedge funds own 94.42% of the company’s stock.

Shares of Newell Brands Inc. (NWL) opened at 50.00 on Friday. The firm’s 50-day moving average is $52.68 and its 200-day moving average is $50.04. The company has a market cap of $24.51 billion, a PE ratio of 19.97 and a beta of 1.17. Newell Brands Inc. has a 1-year low of $43.43 and a 1-year high of $55.45.

Newell Brands (NYSE:NWL) last issued its earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. Newell Brands’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, equities analysts forecast that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s payout ratio is presently 36.95%.

COPYRIGHT VIOLATION NOTICE: “Newell Brands Inc. (NYSE:NWL) Shares Bought by Rosenbaum Jay D.” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/08/12/newell-brands-inc-nysenwl-shares-bought-by-rosenbaum-jay-d-updated-updated.html.

Several equities analysts have issued reports on NWL shares. B. Riley restated a “buy” rating and set a $71.00 target price on shares of Newell Brands in a research note on Friday, April 14th. Wells Fargo & Company restated a “buy” rating on shares of Newell Brands in a research note on Saturday, April 22nd. UBS AG set a $60.00 target price on shares of Newell Brands and gave the company a “buy” rating in a research note on Tuesday, May 9th. Jefferies Group LLC increased 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 reiterated a “buy” rating and issued a $60.00 price objective on shares of Newell Brands in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Newell Brands currently has an average rating of “Buy” and a consensus target price 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.

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

What are top analysts saying about Newell Brands Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Newell Brands Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit