Virtu Financial LLC decreased its position in shares of Newell Brands Inc (NYSE:NWL) by 91.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 10,102 shares of the company’s stock after selling 107,979 shares during the period. Virtu Financial LLC’s holdings in Newell Brands were worth $155,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Proficio Capital Partners LLC increased its stake in shares of Newell Brands by 67.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock worth $29,000 after purchasing an additional 624 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Newell Brands in the 4th quarter worth $31,000. JOYN Advisors Inc. increased its stake in shares of Newell Brands by 232.3% in the 4th quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock worth $32,000 after purchasing an additional 1,215 shares in the last quarter. FNY Investment Advisers LLC increased its stake in shares of Newell Brands by 459.1% in the 4th quarter. FNY Investment Advisers LLC now owns 1,957 shares of the company’s stock worth $36,000 after purchasing an additional 1,607 shares in the last quarter. Finally, We Are One Seven LLC purchased a new stake in Newell Brands in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.
Shares of Newell Brands stock traded down $0.02 during trading on Wednesday, reaching $15.50. 4,003,596 shares of the stock traded hands, compared to its average volume of 6,581,563. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. Newell Brands Inc has a 52-week low of $13.57 and a 52-week high of $28.00. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 3.82 and a beta of 0.90.
Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities analysts expect that Newell Brands Inc will post 1.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.94%. The ex-dividend date is Thursday, May 30th. Newell Brands’s payout ratio is currently 33.45%.
A number of equities research analysts have issued reports on the company. Royal Bank of Canada cut their price target on Newell Brands from $24.00 to $20.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 19th. Citigroup set a $24.00 price target on Newell Brands and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Wells Fargo & Co reiterated an “outperform” rating and issued a $21.00 price target (down previously from $36.00) on shares of Newell Brands in a research note on Tuesday, February 19th. Barclays set a $16.00 price target on Newell Brands and gave the stock a “hold” rating in a research note on Tuesday, February 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price target on shares of Newell Brands in a research note on Thursday, March 14th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Newell Brands currently has an average rating of “Hold” and a consensus price target of $20.80.
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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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