Newell Brands Inc. (NWL) Stake Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in shares of Newell Brands Inc. (NYSE:NWL) by 25.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,941 shares of the company’s stock after acquiring an additional 14,315 shares during the period. Nisa Investment Advisors LLC’s holdings in Newell Brands were worth $2,161,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Lathrop Investment Management Corp raised its stake in shares of Newell Brands by 5.2% during the fourth quarter. Lathrop Investment Management Corp now owns 281,430 shares of the company’s stock valued at $8,696,000 after acquiring an additional 13,858 shares during the last quarter. AXA raised its stake in shares of Newell Brands by 22.6% during the third quarter. AXA now owns 307,936 shares of the company’s stock valued at $13,140,000 after acquiring an additional 56,694 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Newell Brands by 0.6% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,253,510 shares of the company’s stock valued at $53,488,000 after acquiring an additional 7,500 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Newell Brands during the third quarter valued at about $238,000. Finally, GSA Capital Partners LLP bought a new position in shares of Newell Brands during the third quarter valued at about $2,337,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

In other Newell Brands news, CEO Michael B. Polk bought 7,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $28.22 per share, with a total value of $197,540.00. Following the completion of the purchase, the chief executive officer now owns 616,296 shares of the company’s stock, valued at $17,391,873.12. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.97% of the stock is currently owned by company insiders.

Several brokerages have recently commented on NWL. Deutsche Bank began coverage on shares of Newell Brands in a research note on Wednesday, December 13th. They set a “hold” rating and a $32.00 price objective for the company. Royal Bank of Canada downgraded shares of Newell Brands from a “top pick” rating to an “outperform” rating and lowered their price objective for the company from $60.00 to $35.00 in a research note on Friday, November 3rd. ValuEngine downgraded shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. KeyCorp set a $60.00 price target on shares of Newell Brands and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Citigroup decreased their price target on shares of Newell Brands from $63.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.20.

Newell Brands Inc. (NYSE NWL) opened at $31.22 on Friday. Newell Brands Inc. has a one year low of $27.45 and a one year high of $55.08. The stock has a market cap of $15,335.23, a PE ratio of 10.90, a P/E/G ratio of 1.19 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.80.

Newell Brands (NYSE:NWL) last released its quarterly earnings results 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). Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the company earned $0.78 earnings per share. Newell Brands’s quarterly revenue was down 7.0% on a year-over-year basis. analysts anticipate that Newell Brands Inc. will post 2.81 EPS for the current year.

Newell Brands declared that its Board of Directors has authorized a share buyback plan on Tuesday, September 26th that allows the company to buyback $256.00 million in shares. This buyback authorization allows the company to buy up to 1.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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About Newell Brands

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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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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