Tocqueville Asset Management L.P. lessened its holdings in shares of Newell Brands Inc (NYSE:NWL) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 850,205 shares of the company’s stock after selling 10,000 shares during the period. Tocqueville Asset Management L.P. owned about 0.20% of Newell Brands worth $13,042,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of Newell Brands during the 4th quarter worth approximately $96,020,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Newell Brands by 2,649.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,077,270 shares of the company’s stock worth $219,000 after acquiring an additional 3,928,960 shares during the period. BlackRock Inc. grew its holdings in shares of Newell Brands by 8.4% during the 4th quarter. BlackRock Inc. now owns 44,659,043 shares of the company’s stock worth $830,211,000 after acquiring an additional 3,470,954 shares during the period. Millennium Management LLC boosted its position in shares of Newell Brands by 268.8% in the 4th quarter. Millennium Management LLC now owns 3,781,478 shares of the company’s stock worth $70,298,000 after purchasing an additional 2,756,081 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of Newell Brands in the 4th quarter worth approximately $32,936,000. Institutional investors own 98.42% of the company’s stock.
Shares of NYSE NWL traded down $0.10 during midday trading on Friday, hitting $15.05. 2,605,100 shares of the stock traded hands, compared to its average volume of 6,512,674. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. Newell Brands Inc has a one year low of $13.57 and a one year high of $28.00.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.08. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The company’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. Equities research analysts anticipate that Newell Brands Inc will post 1.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.11%. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
A number of analysts have recently commented on the company. Zacks Investment Research cut Newell Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Wells Fargo & Co reissued an “outperform” rating and issued a $21.00 price target (down from $36.00) on shares of Newell Brands in a research report on Tuesday, February 19th. Barclays set a $16.00 price target on Newell Brands and gave the stock a “hold” rating in a research report on Tuesday, February 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Newell Brands in a research report on Thursday, March 14th. Finally, Citigroup set a $24.00 price objective on Newell Brands and gave the company a “buy” rating in a research report on Wednesday, February 20th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Newell Brands presently has a consensus rating of “Hold” and a consensus target price of $20.80.
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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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