Zeke Capital Advisors LLC purchased a new stake in shares of Newell Brands Inc (NYSE:NWL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,441 shares of the company’s stock, valued at approximately $786,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. bought a new stake in Newell Brands during the fourth quarter valued at about $881,000. Clearline Capital LP bought a new stake in Newell Brands during the fourth quarter valued at about $2,324,000. Meadow Creek Investment Management LLC boosted its holdings in Newell Brands by 18.2% during the fourth quarter. Meadow Creek Investment Management LLC now owns 34,580 shares of the company’s stock valued at $1,069,000 after acquiring an additional 5,320 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its holdings in Newell Brands by 5.0% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 92,145 shares of the company’s stock valued at $2,847,000 after acquiring an additional 4,398 shares during the period. Finally, HBK Investments L P bought a new stake in Newell Brands during the fourth quarter valued at about $8,219,000. Institutional investors own 92.74% of the company’s stock.
Newell Brands Inc (NWL) opened at $28.66 on Friday. Newell Brands Inc has a 52-week low of $23.85 and a 52-week high of $55.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83. The stock has a market cap of $14,017.43, a PE ratio of 10.51, a P/E/G ratio of 1.49 and a beta of 0.88.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business posted $0.80 earnings per share. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. analysts expect that Newell Brands Inc will post 2.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.21%. The ex-dividend date was Tuesday, February 27th. Newell Brands’s dividend payout ratio (DPR) is presently 16.34%.
Several research firms recently weighed in on NWL. BMO Capital Markets reduced their target price on shares of Newell Brands to $25.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Zacks Investment Research cut shares of Newell Brands from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Bank of America cut shares of Newell Brands from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. ValuEngine cut shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $34.61.
Newell Brands 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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