FIL Ltd Decreases Position in Newell Brands Inc (NWL)

FIL Ltd trimmed its position in Newell Brands Inc (NYSE:NWL) by 64.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 291,280 shares of the company’s stock after selling 518,664 shares during the period. FIL Ltd owned 0.06% of Newell Brands worth $5,912,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NWL. Bank of Hawaii boosted its stake in Newell Brands by 24.5% in the second quarter. Bank of Hawaii now owns 12,940 shares of the company’s stock valued at $334,000 after acquiring an additional 2,550 shares during the period. Northwest Wealth Management LLC boosted its stake in Newell Brands by 69.6% in the third quarter. Northwest Wealth Management LLC now owns 7,433 shares of the company’s stock valued at $151,000 after acquiring an additional 3,050 shares during the period. HL Financial Services LLC boosted its stake in Newell Brands by 8.0% in the second quarter. HL Financial Services LLC now owns 41,310 shares of the company’s stock valued at $1,065,000 after acquiring an additional 3,068 shares during the period. Vident Investment Advisory LLC boosted its stake in Newell Brands by 24.6% in the second quarter. Vident Investment Advisory LLC now owns 16,244 shares of the company’s stock valued at $419,000 after acquiring an additional 3,209 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in Newell Brands by 8.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 41,870 shares of the company’s stock valued at $850,000 after acquiring an additional 3,293 shares during the period.

In other news, Director Brett Icahn bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were purchased at an average price of $20.03 per share, with a total value of $2,003,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James L. Cunningham III sold 22,331 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $23.45, for a total value of $523,661.95. Following the sale, the senior vice president now directly owns 7,321 shares in the company, valued at approximately $171,677.45. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

A number of equities analysts have commented on NWL shares. Bank of America decreased their target price on Newell Brands from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, October 4th. Citigroup decreased their target price on Newell Brands from $36.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Morgan Stanley set a $23.00 target price on Newell Brands and gave the company a “hold” rating in a research note on Tuesday, November 6th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Newell Brands in a report on Friday, November 2nd. Finally, Zacks Investment Research reaffirmed a “strong sell” rating on shares of Newell Brands in a report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Newell Brands presently has a consensus rating of “Hold” and a consensus target price of $26.60.

NWL opened at $23.40 on Friday. The company has a market cap of $11.11 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 4.01 and a beta of 0.82. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. Newell Brands Inc has a twelve month low of $15.11 and a twelve month high of $32.58.

Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, November 2nd. The company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.55. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. As a group, analysts anticipate that Newell Brands Inc will post 1.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.93%. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.

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Newell Brands Company Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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

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