Xact Kapitalforvaltning AB increased its stake in Newell Brands Inc (NYSE:NWL) by 12.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,499 shares of the company’s stock after buying an additional 9,052 shares during the period. Xact Kapitalforvaltning AB’s holdings in Newell Brands were worth $3,750,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Parallel Advisors LLC bought a new stake in shares of Newell Brands during the fourth quarter valued at about $105,000. Duncker Streett & Co. Inc. acquired a new position in shares of Newell Brands during the first quarter valued at $186,000. Zions Bancorporation boosted its position in shares of Newell Brands by 1.6% in the fourth quarter. Zions Bancorporation now owns 4,426 shares of the company’s stock valued at $198,000 after buying an additional 68 shares in the last quarter. Waldron LP acquired a new position in shares of Newell Brands during the first quarter valued at $206,000. Finally, CSS LLC IL acquired a new position in shares of Newell Brands during the third quarter valued at $210,000. Institutional investors own 93.22% of the company’s stock.
Shares of Newell Brands Inc (NYSE NWL) opened at 53.09 on Tuesday. The stock has a market capitalization of $25.65 billion, a PE ratio of 22.53 and a beta of 0.94. The firm has a 50-day moving average of $50.36 and a 200 day moving average of $47.87. Newell Brands Inc has a 52-week low of $43.43 and a 52-week high of $55.45.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. Newell Brands had a net margin of 3.98% and a return on equity of 13.59%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s quarterly revenue was up 148.4% compared to the same quarter last year. Equities research analysts forecast that Newell Brands Inc will post $3.11 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Newell Brands’s previous quarterly dividend of $0.19. Newell Brands’s dividend payout ratio is currently 64.96%.
NWL has been the topic of several analyst reports. B. Riley reiterated a “buy” rating and set a $67.00 price target on shares of Newell Brands in a research note on Tuesday, February 7th. Jefferies Group LLC restated a “buy” rating and set a $61.00 target price on shares of Newell Brands in a research note on Monday, February 27th. Barclays PLC set a $60.00 target price on shares of Newell Brands and gave the company a “buy” rating in a research note on Saturday, February 18th. Royal Bank of Canada restated a “buy” rating on shares of Newell Brands in a research note on Tuesday, February 7th. Finally, Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Tuesday, April 11th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Newell Brands currently has an average rating of “Buy” and an average price target of $57.93. In related news, Director Thomas E. Clarke sold 5,353 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total transaction of $280,978.97. Following the completion of the sale, the director now owns 66,286 shares of the company’s stock, valued at approximately $3,479,352.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Martin E. Franklin sold 340,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $48.34, for a total transaction of $16,435,600.00. Following the sale, the director now directly owns 4,840,926 shares of the company’s stock, valued at approximately $234,010,362.84. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
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