Campbell & CO Investment Adviser LLC raised its stake in shares of Newell Brands Inc. (NYSE:NWL) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,795 shares of the company’s stock after buying an additional 254 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Newell Brands were worth $257,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in NWL. BlackRock Inc. raised its stake in Newell Brands by 3,249.0% in the first quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock valued at $1,413,905,000 after buying an additional 29,079,686 shares during the last quarter. 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 position 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 in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position 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 in the last quarter. Hedge funds and other institutional investors own 94.87% of the company’s stock.
Newell Brands Inc. (NYSE NWL) opened at 49.66 on Friday. The firm has a market cap 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 Inc. has a 12-month low of $43.43 and a 12-month high of $55.08.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Newell Brands Inc. will post $3.12 earnings per share for the current year.
The business 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. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.85%. Newell Brands’s dividend payout ratio is presently 36.95%.
Several equities analysts have recently commented on the stock. Jefferies Group LLC restated a “buy” rating and set a $66.00 price target (up previously from $65.00) on shares of Newell Brands in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Saturday, July 1st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Newell Brands in a report on Saturday, April 22nd. BMO Capital Markets set a $51.00 price target on shares of Newell Brands and gave the company a “hold” rating in a report on Monday, May 8th. Finally, Royal Bank Of Canada reissued a “top pick” rating and issued a $60.00 price target on shares of Newell Brands in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average 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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