Nisa Investment Advisors LLC increased its stake in Newell Brands Inc. (NYSE:NWL) by 58.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,616 shares of the company’s stock after buying an additional 30,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Newell Brands were worth $4,361,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NWL. Fifth Third Bancorp boosted its position in 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. boosted its position 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 during the period. Savant Capital LLC boosted its position 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 during the period. FTB Advisors Inc. boosted its position 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 during the period. Finally, United Asset Strategies Inc. boosted its position 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 during the period. Hedge funds and other institutional investors own 94.87% of the company’s stock.
Newell Brands Inc. (NWL) traded down 0.98% during mid-day trading on Friday, hitting $49.66. 2,958,457 shares of the company were exchanged. The company’s 50-day moving average is $52.25 and its 200 day moving average is $50.17. The company has a market capitalization of $24.34 billion, a P/E ratio of 19.83 and a beta of 1.17. Newell Brands Inc. has a 12-month low of $43.43 and a 12-month high of $55.08.
Newell Brands (NYSE:NWL) last announced its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm earned $0.78 earnings per share. Newell Brands’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Newell Brands Inc. will post $3.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.85%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s dividend payout ratio (DPR) is currently 36.95%.
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Several research analysts recently weighed in on the stock. UBS AG set a $60.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, July 12th. BidaskClub cut shares of Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. 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 report on Tuesday, May 9th. Finally, BMO Capital Markets set a $51.00 price objective on shares of Newell Brands and gave the stock a “hold” rating in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus 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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