Tredje AP fonden Trims Holdings in Newell Brands Inc (NWL)

Tredje AP fonden cut its holdings in shares of Newell Brands Inc (NYSE:NWL) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,270 shares of the company’s stock after selling 2,300 shares during the quarter. Tredje AP fonden’s holdings in Newell Brands were worth $2,377,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in Newell Brands by 3.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 17,171,146 shares of the company’s stock worth $437,520,000 after buying an additional 572,667 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Newell Brands by 178.9% during the 4th quarter. Franklin Resources Inc. now owns 7,716,072 shares of the company’s stock worth $238,427,000 after buying an additional 4,949,143 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in Newell Brands by 211.5% during the 4th quarter. OppenheimerFunds Inc. now owns 5,210,352 shares of the company’s stock worth $161,001,000 after buying an additional 3,537,489 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Newell Brands by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 5,184,895 shares of the company’s stock worth $159,881,000 after buying an additional 199,770 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Newell Brands by 7.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 4,361,072 shares of the company’s stock worth $134,757,000 after buying an additional 296,965 shares in the last quarter. Institutional investors own 90.50% of the company’s stock.

Shares of NYSE:NWL opened at $26.32 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 current ratio of 1.72, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.60 and a beta of 0.80.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, May 4th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.08. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. Newell Brands had a net margin of 14.93% and a return on equity of 10.05%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. research analysts forecast that Newell Brands Inc will post 2.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, May 30th. Newell Brands’s dividend payout ratio (DPR) is 33.45%.

A number of equities research analysts have issued reports on the stock. Barclays reiterated a “hold” rating and set a $29.00 target price on shares of Newell Brands in a report on Sunday, May 13th. FIX reiterated a “hold” rating and set a $23.00 target price on shares of Newell Brands in a report on Thursday, February 8th. Vetr upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, February 20th. JPMorgan Chase reiterated a “hold” rating and set a $26.00 target price (up from $25.00) on shares of Newell Brands in a report on Tuesday, February 20th. Finally, ValuEngine lowered shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Newell Brands presently has an average rating of “Hold” and a consensus price target of $31.44.

In related news, Director James Craigie bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The shares were purchased at an average cost of $26.67 per share, with a total value of $26,670.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.97% of the company’s stock.

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.

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

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