James Investment Research Inc. reduced its stake in Newell Brands Inc. (NYSE:NWL) by 52.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,719 shares of the company’s stock after selling 18,083 shares during the period. James Investment Research Inc.’s holdings in Newell Brands were worth $896,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Newell Brands by 0.5% in the first quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock valued at $337,000 after buying an additional 39 shares during the period. Cleararc Capital Inc. increased its stake in Newell Brands by 0.5% in the first quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock valued at $514,000 after buying an additional 51 shares in the last quarter. Savant Capital LLC increased its stake in Newell Brands by 1.9% in the first quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock valued at $230,000 after buying an additional 90 shares in the last quarter. FTB Advisors Inc. increased its stake in Newell Brands by 1.9% in the first quarter. FTB Advisors Inc. now owns 7,088 shares of the company’s stock valued at $334,000 after buying an additional 134 shares in the last quarter. Finally, United Asset Strategies Inc. increased its stake in Newell Brands by 2.8% in the first quarter. United Asset Strategies Inc. now owns 4,887 shares of the company’s stock valued at $231,000 after buying an additional 135 shares in the last quarter. Institutional investors own 94.87% of the company’s stock.
Newell Brands Inc. (NWL) traded down 0.98% on Friday, hitting $49.66. 2,958,457 shares of the company traded hands. The stock has a market cap 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. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.08.
The company also recently declared 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 1.85%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio is 36.95%.
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NWL has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Wells Fargo & Company reissued a “buy” rating on shares of Newell Brands in a research note on Saturday, April 22nd. Royal Bank Of Canada reissued a “top pick” rating and issued a $60.00 price objective on shares of Newell Brands in a research note on Monday, May 1st. 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, UBS AG set a $60.00 price target on Newell Brands and gave the stock a “buy” rating in a research report on Tuesday, May 9th. One investment 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 company’s stock. Newell Brands presently has a consensus rating of “Buy” and a consensus target price of $58.07.
Newell Brands Company Profile
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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