FUKOKU MUTUAL LIFE INSURANCE Co Has $182,000 Holdings in Newell Brands Inc. (NWL)
FUKOKU MUTUAL LIFE INSURANCE Co maintained its position in shares of Newell Brands Inc. (NYSE:NWL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,400 shares of the company’s stock at the end of the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Newell Brands were worth $182,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of NWL. BlackRock Inc. lifted its stake in shares of Newell Brands by 3,249.0% during the 1st quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock worth $1,413,905,000 after buying an additional 29,079,686 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Newell Brands by 112.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock valued at $742,686,000 after acquiring an additional 7,331,309 shares during the period. Jennison Associates LLC bought a new position in Newell Brands in the 2nd quarter valued at about $124,839,000. Ameriprise Financial Inc. raised its holdings in Newell Brands by 28.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,796,439 shares of the company’s stock valued at $417,953,000 after acquiring an additional 1,709,917 shares during the period. Finally, Sentry Investments Corp. raised its holdings in Newell Brands by 75.7% in the 1st quarter. Sentry Investments Corp. now owns 3,712,271 shares of the company’s stock valued at $175,108,000 after acquiring an additional 1,599,100 shares during the period. 92.36% of the stock is currently owned by institutional investors.
In related news, Director Scott S. Cowen acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, the director now owns 87,883 shares in the company, valued at approximately $3,831,698.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael B. Polk acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average price of $43.61 per share, for a total transaction of $218,050.00. Following the completion of the purchase, the chief executive officer now owns 609,296 shares in the company, valued at approximately $26,571,398.56. The disclosure for this purchase can be found here. Insiders bought 7,100 shares of company stock valued at $309,715 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.
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NWL has been the topic of several research reports. BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a “hold” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co set a $61.00 price target on Newell Brands and gave the stock a “buy” rating in a report on Monday, August 7th. Forward View reissued a “buy” rating and set a $58.00 price target on shares of Newell Brands in a report on Monday, September 11th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price target on shares of Newell Brands in a research note on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $56.57.
Newell Brands Inc. (NWL) traded down 0.1202% on Wednesday, reaching $43.0482. The company had a trading volume of 851,836 shares. The stock has a market capitalization of $21.10 billion, a P/E ratio of 17.1918 and a beta of 1.15. Newell Brands Inc. has a 12-month low of $40.88 and a 12-month high of $55.08. The stock’s 50-day moving average price is $45.50 and its 200-day moving average price is $49.56.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the business earned $0.78 EPS. Newell Brands’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Newell Brands Inc. will post $3.00 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, August 29th. Newell Brands’s payout ratio is currently 36.95%.
Newell Brands declared that its board has authorized a share buyback plan on Tuesday, September 26th that authorizes the company to buyback $256.00 million in shares. This buyback authorization authorizes the company to buy up to 1.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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