IFP Advisors Inc Has $251,000 Position in Newell Brands Inc (NWL)
IFP Advisors Inc boosted its holdings in Newell Brands Inc (NYSE:NWL) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,664 shares of the company’s stock after purchasing an additional 819 shares during the period. IFP Advisors Inc’s holdings in Newell Brands were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in NWL. BlackRock Inc. lifted its stake in Newell Brands by 10.7% in the third quarter. BlackRock Inc. now owns 41,188,089 shares of the company’s stock valued at $836,120,000 after acquiring an additional 3,982,751 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Newell Brands by 0.9% in the third quarter. Pzena Investment Management LLC now owns 16,727,033 shares of the company’s stock valued at $339,559,000 after acquiring an additional 144,819 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Newell Brands by 15.7% in the third quarter. Bank of New York Mellon Corp now owns 14,040,672 shares of the company’s stock valued at $285,027,000 after acquiring an additional 1,906,362 shares during the last quarter. Franklin Resources Inc. lifted its stake in Newell Brands by 4,814.0% in the third quarter. Franklin Resources Inc. now owns 11,308,700 shares of the company’s stock valued at $229,568,000 after acquiring an additional 11,078,567 shares during the last quarter. Finally, FMR LLC lifted its stake in Newell Brands by 7.2% in the third quarter. FMR LLC now owns 7,543,540 shares of the company’s stock valued at $153,134,000 after acquiring an additional 507,125 shares during the last quarter. 98.42% of the stock is owned by institutional investors and hedge funds.
NWL has been the subject of a number of recent analyst reports. Wells Fargo & Co reiterated a “buy” rating and issued a $36.00 price target on shares of Newell Brands in a research note on Thursday, December 20th. Citigroup increased their price target on shares of Newell Brands from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, December 4th. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Monday, January 7th. TheStreet cut shares of Newell Brands from a “c” rating to a “d” rating in a research note on Friday, November 2nd. Finally, Morgan Stanley set a $23.00 target price on shares of Newell Brands and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.54.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, November 2nd. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.55. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s revenue was down 7.7% on a year-over-year basis. As a group, equities research analysts expect that Newell Brands Inc will post 1.22 EPS for the current fiscal year.
In related news, Director Brett Icahn purchased 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were bought at an average cost of $20.03 per share, with a total value of $2,003,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP James L. Cunningham III sold 22,331 shares of Newell Brands stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $23.45, for a total transaction of $523,661.95. Following the sale, the senior vice president now directly owns 7,321 shares in the company, valued at $171,677.45. The disclosure for this sale can be found here. 0.97% of the stock is owned by insiders.
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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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