Zeke Capital Advisors LLC bought a new stake in shares of Newell Brands Inc (NYSE:NWL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,441 shares of the company’s stock, valued at approximately $786,000.
A number of other large investors have also recently made changes to their positions in NWL. MUFG Americas Holdings Corp raised its stake in Newell Brands by 566.7% during the 4th quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock valued at $104,000 after purchasing an additional 2,873 shares during the period. Cerebellum GP LLC acquired a new position in shares of Newell Brands in the fourth quarter worth $123,000. Patten Group Inc. increased its stake in shares of Newell Brands by 5,263.6% in the fourth quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock worth $214,000 after acquiring an additional 6,790 shares during the last quarter. Balter Liquid Alternatives LLC acquired a new position in shares of Newell Brands in the fourth quarter worth $215,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of Newell Brands in the third quarter worth $226,000. 92.74% of the stock is currently owned by institutional investors.
Newell Brands Inc (NYSE NWL) opened at $28.66 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. The company has a market cap of $14,017.43, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.49 and a beta of 0.88. Newell Brands Inc has a 1 year low of $23.85 and a 1 year high of $55.08.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, February 16th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. equities analysts anticipate that Newell Brands Inc will post 2.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.21%. The ex-dividend date was Tuesday, February 27th. Newell Brands’s payout ratio is 16.34%.
NWL has been the topic of a number of research reports. Barclays reaffirmed a “buy” rating and issued a $35.00 price target on shares of Newell Brands in a research note on Wednesday, December 6th. Deutsche Bank initiated coverage on shares of Newell Brands in a research note on Wednesday, December 13th. They issued a “hold” rating and a $32.00 price target on the stock. ValuEngine downgraded shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Newell Brands from a “sell” rating to a “hold” rating and set a $36.00 price target on the stock in a research note on Monday, January 8th. Finally, Bank of America downgraded shares of Newell Brands from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. Newell Brands has a consensus rating of “Hold” and an average target price of $34.61.
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Newell Brands Company 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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