Trilogy Capital Inc. trimmed its position in Newell Brands Inc (NYSE:NWL) by 8.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 38,077 shares of the company’s stock after selling 3,402 shares during the period. Trilogy Capital Inc.’s holdings in Newell Brands were worth $723,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Contravisory Investment Management Inc. bought a new position in Newell Brands in the 4th quarter valued at $370,000. Resources Management Corp CT ADV bought a new position in Newell Brands in the 3rd quarter valued at $601,000. Maverick Capital Ltd. bought a new position in Newell Brands in the 3rd quarter valued at $20,203,000. Millennium Management LLC lifted its stake in shares of Newell Brands by 165.4% in the 3rd quarter. Millennium Management LLC now owns 665,380 shares of the company’s stock valued at $12,455,000 after purchasing an additional 414,708 shares during the period. Finally, Man Group plc lifted its stake in shares of Newell Brands by 813.6% in the 3rd quarter. Man Group plc now owns 201,989 shares of the company’s stock valued at $3,781,000 after purchasing an additional 179,880 shares during the period. Hedge funds and other institutional investors own 98.42% of the company’s stock.
NWL has been the topic of a number of analyst reports. Consumer Edge downgraded Newell Brands from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 11th. TheStreet raised Newell Brands from a “d” rating to a “c-” rating in a research note on Friday, November 1st. Zacks Investment Research raised Newell Brands from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, November 6th. SunTrust Banks raised Newell Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $15.00 to $25.00 in a research note on Monday, September 30th. Finally, Morgan Stanley increased their price target on Newell Brands from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.78.
Shares of NWL stock traded up $0.16 during trading hours on Friday, reaching $19.32. The company had a trading volume of 1,104,607 shares, compared to its average volume of 3,482,153. The company has a 50 day moving average of $19.11 and a 200 day moving average of $17.65. 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 firm has a market cap of $8.13 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 3.82 and a beta of 0.90. Newell Brands Inc has a 1-year low of $13.04 and a 1-year high of $22.06.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.17. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.38 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. As a group, sell-side analysts forecast that Newell Brands Inc will post 1.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Tuesday, November 26th. Newell Brands’s payout ratio is presently 33.45%.
Newell Brands 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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