Gamco Investors INC. ET AL lessened its stake in shares of Newell Brands Inc (NYSE:NWL) by 14.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 277,700 shares of the company’s stock after selling 46,300 shares during the period. Gamco Investors INC. ET AL owned 0.07% of Newell Brands worth $5,199,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in NWL. Coastal Investment Advisors Inc. lifted its position in shares of Newell Brands by 218.2% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,909 shares of the company’s stock valued at $29,000 after acquiring an additional 1,309 shares during the period. Westside Investment Management Inc. bought a new stake in Newell Brands during the 2nd quarter valued at $30,000. Phocas Financial Corp. bought a new stake in Newell Brands during the 2nd quarter valued at $35,000. Lenox Wealth Advisors LLC bought a new stake in Newell Brands during the 3rd quarter valued at $35,000. Finally, LifePlan Financial Group Inc bought a new stake in Newell Brands during the 2nd quarter valued at $40,000. Institutional investors own 98.42% of the company’s stock.
In other news, Director Michael Todman bought 5,000 shares of Newell Brands stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of $15.76 per share, for a total transaction of $78,800.00. Following the purchase, the director now directly owns 72,184 shares in the company, valued at approximately $1,137,619.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.97% of the company’s stock.
Shares of NYSE NWL traded up $0.05 during trading on Friday, hitting $20.10. The stock had a trading volume of 455,841 shares, compared to its average volume of 5,695,999. Newell Brands Inc has a 12 month low of $13.04 and a 12 month high of $24.57. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. The company has a market capitalization of $8.46 billion, a PE ratio of 7.31, a PEG ratio of 3.82 and a beta of 0.90. The firm has a fifty day moving average of $19.01 and a two-hundred day moving average of $16.28.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.17. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the business posted $0.81 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. On average, equities analysts expect that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.58%. Newell Brands’s payout ratio is 33.45%.
A number of analysts have commented on NWL shares. TheStreet upgraded shares of Newell Brands from a “d” rating to a “c-” rating in a research note on Friday, November 1st. Deutsche Bank decreased their price target on shares of Newell Brands from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Wells Fargo & Co restated a “buy” rating on shares of Newell Brands in a research note on Wednesday, July 31st. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Wednesday. Finally, SunTrust Banks upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their price target for the company from $15.00 to $25.00 in a research note on Monday, September 30th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.78.
Newell Brands Company Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
Further Reading: Average Daily Trade Volume – ADTV
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