Credit Agricole S A increased its position in Newell Brands Inc. (NYSE:NWL) by 40.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,248 shares of the company’s stock after buying an additional 67,560 shares during the period. Credit Agricole S A’s holdings in Newell Brands were worth $11,003,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Rafferty Asset Management LLC bought a new position in shares of Newell Brands during the fourth quarter worth about $717,000. Public Sector Pension Investment Board boosted its stake in Newell Brands by 7.3% in the fourth quarter. Public Sector Pension Investment Board now owns 126,065 shares of the company’s stock valued at $5,629,000 after buying an additional 8,600 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Newell Brands by 34.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,031,043 shares of the company’s stock valued at $135,336,000 after buying an additional 770,076 shares in the last quarter. Rosenbaum Jay D. acquired a new stake in Newell Brands during the first quarter valued at approximately $363,000. Finally, Quadrature Capital Ltd boosted its stake in Newell Brands by 15.1% in the fourth quarter. Quadrature Capital Ltd now owns 26,354 shares of the company’s stock valued at $1,177,000 after buying an additional 3,466 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.
Newell Brands Inc. (NWL) traded down 1.56% during trading on Tuesday, hitting $53.69. The stock had a trading volume of 1,212,186 shares. The company has a 50-day moving average of $52.13 and a 200 day moving average of $48.33. Newell Brands Inc. has a 52-week low of $43.43 and a 52-week high of $55.45. The firm has a market cap of $25.94 billion, a P/E ratio of 22.79 and a beta of 1.13.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Monday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue for the quarter was up 148.4% on a year-over-year basis. On average, equities research analysts predict that Newell Brands Inc. will post $3.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, May 26th. This is a boost from Newell Brands’s previous quarterly dividend of $0.19. Newell Brands’s dividend payout ratio is currently 39.49%.
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A number of equities research analysts have commented on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $60.00 price objective on shares of Newell Brands in a research note on Thursday, June 8th. BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a “hold” rating in a report on Monday, May 8th. Jefferies Group LLC raised their target price on Newell Brands from $61.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. J P Morgan Chase & Co assumed coverage on Newell Brands in a report on Tuesday, March 21st. They issued an “overweight” rating and a $63.00 target price on the stock. Finally, Wells Fargo & Co lowered Newell Brands from an “outperform” rating to a “market perform” rating and set a $50.00 price target on the stock. in a report on Monday, May 1st. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $57.93.
In other news, Director Thomas E. Clarke sold 5,353 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total value of $280,978.97. Following the completion of the sale, the director now owns 66,286 shares of the company’s stock, valued at approximately $3,479,352.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.97% of the stock is currently owned by corporate insiders.
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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