Symons Capital Management Inc. reduced its position in shares of Newell Brands Inc (NYSE:NWL) by 9.1% in the third quarter, HoldingsChannel.com reports. The firm owned 477,806 shares of the company’s stock after selling 47,557 shares during the period. Newell Brands comprises 4.1% of Symons Capital Management Inc.’s investment portfolio, making the stock its 4th largest position. Symons Capital Management Inc.’s holdings in Newell Brands were worth $8,945,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC boosted its holdings in shares of Newell Brands by 27.3% during the second quarter. Advisory Services Network LLC now owns 68,301 shares of the company’s stock worth $1,053,000 after purchasing an additional 14,666 shares during the period. OneAscent Financial Services LLC purchased a new stake in Newell Brands in the second quarter worth about $162,000. D.A. Davidson & CO. lifted its holdings in Newell Brands by 36.4% in the second quarter. D.A. Davidson & CO. now owns 25,945 shares of the company’s stock worth $400,000 after buying an additional 6,917 shares during the period. Atria Investments LLC lifted its holdings in Newell Brands by 3,504.9% in the second quarter. Atria Investments LLC now owns 480,828 shares of the company’s stock worth $4,621,000 after buying an additional 467,490 shares during the period. Finally, Capital Fund Management S.A. lifted its holdings in Newell Brands by 451.6% in the second quarter. Capital Fund Management S.A. now owns 607,170 shares of the company’s stock worth $9,363,000 after buying an additional 497,100 shares during the period. Institutional investors own 98.42% of the company’s stock.
In other Newell Brands news, Director Michael Todman bought 5,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of $15.76 per share, for a total transaction of $78,800.00. Following the completion of the acquisition, the director now owns 72,184 shares of the company’s stock, valued at $1,137,619.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.97% of the stock is currently owned by company insiders.
Several analysts have commented on NWL shares. Morgan Stanley raised their price objective on shares of Newell Brands from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Wednesday. TheStreet upgraded shares of Newell Brands from a “d” rating to a “c-” rating in a report on Friday, November 1st. Wells Fargo & Co restated a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Finally, Barclays restated a “hold” rating on shares of Newell Brands in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.78.
Shares of NWL stock traded up $0.33 during trading hours on Friday, hitting $20.37. 3,467,526 shares of the company’s stock traded hands, compared to its average volume of 5,686,265. The stock’s fifty day simple moving average is $19.07 and its two-hundred day simple moving average is $16.30. Newell Brands Inc has a 12-month low of $13.04 and a 12-month high of $24.57. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 3.82 and a beta of 0.90. 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 (NYSE:NWL) last released its earnings results on Friday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.17. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the business earned $0.81 earnings per share. The business’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts forecast that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.52%. Newell Brands’s payout ratio is 33.45%.
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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