HBK Investments L P acquired a new position in shares of Newell Brands Inc (NYSE:NWL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 266,000 shares of the company’s stock, valued at approximately $8,219,000. HBK Investments L P owned 0.05% of Newell Brands at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of NWL. Franklin Resources Inc. increased its holdings in Newell Brands by 178.9% in the fourth quarter. Franklin Resources Inc. now owns 7,716,072 shares of the company’s stock valued at $238,427,000 after buying an additional 4,949,143 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in Newell Brands by 211.5% in the fourth quarter. OppenheimerFunds Inc. now owns 5,210,352 shares of the company’s stock valued at $161,001,000 after buying an additional 3,537,489 shares during the last quarter. Geode Capital Management LLC increased its holdings in Newell Brands by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 5,184,895 shares of the company’s stock valued at $159,881,000 after buying an additional 199,770 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Newell Brands by 7.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 4,361,072 shares of the company’s stock valued at $134,757,000 after buying an additional 296,965 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in Newell Brands by 7.0% in the third quarter. King Luther Capital Management Corp now owns 3,427,042 shares of the company’s stock valued at $146,232,000 after buying an additional 224,036 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the company. Vetr raised Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Thursday, March 8th. Citigroup reissued a “buy” rating on shares of Newell Brands in a report on Monday, March 5th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $26.00 target price (up previously from $25.00) on shares of Newell Brands in a report on Tuesday, February 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 target price on shares of Newell Brands in a report on Tuesday, February 20th. Finally, Deutsche Bank increased their target price on Newell Brands from $23.00 to $28.00 and gave the company a “hold” rating in a report on Monday, February 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Newell Brands presently has a consensus rating of “Hold” and a consensus price target of $34.50.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, February 16th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Newell Brands’s revenue for the quarter was down 9.5% on a year-over-year basis. equities research analysts forecast that Newell Brands Inc will post 2.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.22%. Newell Brands’s dividend payout ratio (DPR) is 16.34%.
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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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