Newell Brands Inc. (NWL) Short Interest Down 25.1% in December

Newell Brands Inc. (NYSE:NWL) was the recipient of a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 16,373,815 shares, a decline of 25.1% from the December 15th total of 21,847,449 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 4,478,481 shares, the short-interest ratio is presently 3.7 days.

In other Newell Brands news, CEO Michael B. Polk acquired 7,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $28.22 per share, with a total value of $197,540.00. Following the acquisition, the chief executive officer now directly owns 616,296 shares of the company’s stock, valued at approximately $17,391,873.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.97% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Newell Brands by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 47,877,545 shares of the company’s stock worth $2,567,193,000 after purchasing an additional 1,305,820 shares in the last quarter. Capital World Investors increased its position in Newell Brands by 2.0% during the 2nd quarter. Capital World Investors now owns 31,195,887 shares of the company’s stock worth $1,672,723,000 after purchasing an additional 610,973 shares in the last quarter. FMR LLC increased its position in Newell Brands by 0.5% during the 2nd quarter. FMR LLC now owns 11,462,512 shares of the company’s stock worth $614,621,000 after purchasing an additional 52,553 shares in the last quarter. American Century Companies Inc. increased its position in Newell Brands by 2.9% during the 3rd quarter. American Century Companies Inc. now owns 7,946,423 shares of the company’s stock worth $339,074,000 after purchasing an additional 225,484 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Newell Brands by 6.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,934,152 shares of the company’s stock worth $210,949,000 after purchasing an additional 236,900 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

A number of analysts have recently weighed in on NWL shares. Jefferies Group reaffirmed a “hold” rating and set a $47.00 price target on shares of Newell Brands in a report on Thursday, October 19th. Citigroup cut their price target on shares of Newell Brands from $63.00 to $42.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Raymond James Financial reaffirmed a “market perform” rating on shares of Newell Brands in a report on Friday, November 3rd. TheStreet downgraded shares of Newell Brands from a “b-” rating to a “c+” rating in a report on Tuesday, November 14th. Finally, Barclays reaffirmed a “buy” rating and set a $35.00 price target on shares of Newell Brands in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $45.20.

Newell Brands (NYSE NWL) opened at $31.75 on Wednesday. The stock has a market cap of $15,560.00, a P/E ratio of 12.26, a P/E/G ratio of 1.22 and a beta of 1.10. Newell Brands has a 12-month low of $27.45 and a 12-month high of $55.08. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.06). The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. Newell Brands’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. analysts anticipate that Newell Brands will post 2.81 earnings per share for the current year.

Newell Brands declared that its board has initiated a share buyback program on Tuesday, September 26th that authorizes the company to buyback $256.00 million in shares. This buyback authorization authorizes the company to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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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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