Forsta AP Fonden lowered its stake in Newell Brands Inc. (NYSE:NWL) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 668,000 shares of the company’s stock after selling 53,400 shares during the period. Newell Brands accounts for approximately 1.0% of Forsta AP Fonden’s investment portfolio, making the stock its 28th largest position. Forsta AP Fonden owned about 0.14% of Newell Brands worth $35,818,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harfst & Associates Inc. bought a new position in shares of Newell Brands during the first quarter valued at $103,000. Israel Discount Bank of New York bought a new position in shares of Newell Brands during the first quarter valued at $112,000. Parallel Advisors LLC raised 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 valued at $132,000 after buying an additional 544 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Newell Brands during the first quarter valued at $156,000. Finally, Duncker Streett & Co. Inc. bought a new position in shares of Newell Brands during the first quarter valued at $186,000. 94.87% of the stock is owned by institutional investors.
Shares of Newell Brands Inc. (NYSE:NWL) traded down 0.98% during mid-day trading on Friday, reaching $49.66. 2,958,457 shares of the company traded hands. Newell Brands Inc. has a 52-week low of $43.43 and a 52-week high of $55.08. The stock has a market capitalization of $24.34 billion, a PE ratio of 19.83 and a beta of 1.17. The stock’s 50 day moving average is $52.25 and its 200 day moving average is $50.17.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s payout ratio is 36.95%.
TRADEMARK VIOLATION WARNING: “Forsta AP Fonden Reduces Position in Newell Brands Inc. (NWL)” was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/08/19/forsta-ap-fonden-sells-53400-shares-of-newell-brands-inc-nwl-updated-updated-updated.html.
NWL has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price objective on shares of Newell Brands in a report on Thursday, June 8th. UBS AG set a $60.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a report on Tuesday, May 9th. Jefferies Group LLC raised their price objective on shares of Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Wells Fargo & Company reissued a “buy” rating on shares of Newell Brands in a report on Saturday, April 22nd. Finally, BidaskClub raised shares of Newell Brands from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average 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.
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.