Boston Advisors LLC cut its position in shares of Newell Brands Inc. (NYSE:NWL) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,908 shares of the company’s stock after selling 446 shares during the period. Boston Advisors LLC’s holdings in Newell Brands were worth $4,070,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Newell Brands by 3,249.0% in the first quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock worth $1,413,905,000 after buying an additional 29,079,686 shares during the period. Bank of New York Mellon Corp raised its stake in 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 valued at $307,528,000 after buying an additional 1,965,483 shares during the last quarter. Sentry Investments Corp. raised its stake in Newell Brands by 75.7% in the first quarter. Sentry Investments Corp. now owns 3,712,271 shares of the company’s stock valued at $175,108,000 after buying an additional 1,599,100 shares during the last quarter. Vanguard Group Inc. raised its stake in Newell Brands by 3.5% in the first quarter. Vanguard Group Inc. now owns 46,571,725 shares of the company’s stock valued at $2,196,788,000 after buying an additional 1,584,954 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Newell Brands by 74.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,697,252 shares of the company’s stock valued at $174,399,000 after buying an additional 1,581,850 shares during the last quarter. Institutional investors own 94.87% of the company’s stock.
Shares of Newell Brands Inc. (NYSE:NWL) traded down 0.98% during midday trading on Friday, reaching $49.66. The company had a trading volume of 2,958,457 shares. Newell Brands Inc. has a one year low of $43.43 and a one year high of $55.08. The firm has a market capitalization of $24.34 billion, a P/E ratio of 19.83 and a beta of 1.17. The company has a 50 day moving average price of $52.25 and a 200-day moving average price of $50.17.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. Newell Brands’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, analysts anticipate that Newell Brands Inc. will post $3.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.23 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.85%. Newell Brands’s dividend payout ratio is 36.95%.
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Several research firms recently issued reports on NWL. UBS AG set a $60.00 target price on Newell Brands and gave the stock a “buy” rating in a report on Tuesday, May 9th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, August 1st. J P Morgan Chase & Co set a $61.00 price target on Newell Brands and gave the stock a “buy” rating in a research report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and set a $65.00 price target (down previously from $66.00) on shares of Newell Brands in a research report on Monday, August 7th. Finally, BMO Capital Markets set a $51.00 price target on Newell Brands and gave the stock a “hold” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently 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.
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