Zeke Capital Advisors LLC purchased a new position in shares of Newell Brands Inc (NYSE:NWL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,441 shares of the company’s stock, valued at approximately $786,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gateway Investment Advisers LLC lifted its position in Newell Brands by 0.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 392,838 shares of the company’s stock valued at $12,139,000 after acquiring an additional 1,582 shares in the last quarter. Condor Capital Management lifted its position in Newell Brands by 8.9% in the 4th quarter. Condor Capital Management now owns 23,380 shares of the company’s stock valued at $722,000 after acquiring an additional 1,904 shares in the last quarter. CIBC Asset Management Inc lifted its position in Newell Brands by 4.0% in the 3rd quarter. CIBC Asset Management Inc now owns 49,942 shares of the company’s stock valued at $2,131,000 after acquiring an additional 1,908 shares in the last quarter. Buckingham Capital Management Inc. lifted its position in Newell Brands by 7.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock valued at $1,281,000 after acquiring an additional 2,085 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its position in Newell Brands by 4.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 47,090 shares of the company’s stock valued at $1,455,000 after acquiring an additional 2,200 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.
Several research firms recently commented on NWL. Deutsche Bank began coverage on shares of Newell Brands in a research report on Wednesday, December 13th. They issued a “hold” rating and a $32.00 price objective on the stock. FIX reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Newell Brands in a research report on Thursday, February 8th. Vetr raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, February 20th. JPMorgan Chase reaffirmed a “hold” rating and issued a $26.00 price objective (up from $25.00) on shares of Newell Brands in a research report on Tuesday, February 20th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Newell Brands in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $34.72.
Shares of Newell Brands stock traded down $0.43 during trading on Friday, hitting $25.79. 4,267,277 shares of the stock were exchanged, compared to its average volume of 9,166,203. The firm has a market capitalization of $12,513.31, a PE ratio of 9.38, a P/E/G ratio of 1.39 and a beta of 0.81. Newell Brands Inc has a 1-year low of $23.85 and a 1-year high of $55.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. Newell Brands’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. analysts expect that Newell Brands Inc will post 2.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.57%. Newell Brands’s dividend payout ratio is presently 33.45%.
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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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