Jones Collombin Investment Counsel Inc Sells 230 Shares of Newell Brands Inc. (NWL)
Jones Collombin Investment Counsel Inc decreased its position in Newell Brands Inc. (NYSE:NWL) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,585 shares of the company’s stock after selling 230 shares during the period. Jones Collombin Investment Counsel Inc’s holdings in Newell Brands were worth $3,088,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in NWL. First Trust Advisors LP purchased a new stake in Newell Brands during the second quarter worth $5,573,000. Arizona State Retirement System increased its stake in Newell Brands by 0.3% in the second quarter. Arizona State Retirement System now owns 119,776 shares of the company’s stock worth $6,422,000 after buying an additional 400 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Newell Brands by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,464,507 shares of the company’s stock worth $78,527,000 after buying an additional 37,198 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in Newell Brands by 10.7% in the second quarter. Wetherby Asset Management Inc. now owns 11,408 shares of the company’s stock worth $612,000 after buying an additional 1,105 shares during the last quarter. Finally, Consolidated Investment Group LLC purchased a new stake in Newell Brands during the second quarter worth $2,278,000. Institutional investors own 94.42% of the company’s stock.
Shares of Newell Brands Inc. (NWL) opened at 50.20 on Friday. Newell Brands Inc. has a one year low of $43.43 and a one year high of $55.45. The company has a market capitalization of $24.31 billion, a P/E ratio of 20.13 and a beta of 1.17. The firm has a 50 day moving average price of $52.74 and a 200 day moving average price of $50.02.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company posted $0.78 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Newell Brands Inc. will post $3.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio (DPR) is presently 36.95%.
A number of equities research analysts have recently weighed in on the company. J P Morgan Chase & Co set a $61.00 target price on Newell Brands and gave the stock a “buy” rating in a research report on Monday. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 price objective (down previously from $66.00) on shares of Newell Brands in a report on Monday. BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the company a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Tuesday, August 1st. Finally, BidaskClub downgraded Newell Brands from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Newell Brands has an average rating of “Buy” and a consensus price target of $58.07.
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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