BB&T Securities LLC Sells 5,307 Shares of Newell Brands Inc (NWL)
BB&T Securities LLC lessened its holdings in Newell Brands Inc (NYSE:NWL) by 5.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,044 shares of the company’s stock after selling 5,307 shares during the period. BB&T Securities LLC’s holdings in Newell Brands were worth $1,562,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. FNY Investment Advisers LLC raised its stake in Newell Brands by 459.1% during the 4th quarter. FNY Investment Advisers LLC now owns 1,957 shares of the company’s stock worth $36,000 after acquiring an additional 1,607 shares during the period. We Are One Seven LLC bought a new stake in Newell Brands during the 4th quarter worth approximately $49,000. Carroll Financial Associates Inc. raised its stake in Newell Brands by 31.7% during the 4th quarter. Carroll Financial Associates Inc. now owns 3,369 shares of the company’s stock worth $65,000 after acquiring an additional 810 shares during the period. Meeder Asset Management Inc. bought a new stake in Newell Brands during the 4th quarter worth approximately $63,000. Finally, First Mercantile Trust Co. bought a new stake in Newell Brands during the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.
In related news, SVP James L. Cunningham III sold 22,331 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $23.45, for a total value of $523,661.95. Following the completion of the transaction, the senior vice president now directly owns 7,321 shares of the company’s stock, valued at $171,677.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.97% of the company’s stock.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, February 15th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period last year, the firm posted $0.68 EPS. The company’s revenue was down 6.0% on a year-over-year basis. 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, March 15th. Investors of record on Thursday, February 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Wednesday, February 27th. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.
A number of research firms have commented on NWL. Jefferies Financial Group decreased their target price on shares of Newell Brands to $20.00 and set a “hold” rating on the stock in a research note on Monday, November 5th. Wells Fargo & Co restated a “buy” rating on shares of Newell Brands in a research note on Friday, November 2nd. Citigroup decreased their target price on shares of Newell Brands from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Zacks Investment Research cut shares of Newell Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 21st. Finally, Deutsche Bank raised their target price on shares of Newell Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Monday, November 5th. Eleven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Newell Brands has a consensus rating of “Hold” and an average price target of $24.67.
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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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