Newell Brands Inc. (NWL) Position Increased by Swiss National Bank
Swiss National Bank raised its position in shares of Newell Brands Inc. (NYSE:NWL) by 14.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,761,553 shares of the company’s stock after buying an additional 223,100 shares during the period. Swiss National Bank owned 0.36% of Newell Brands worth $94,454,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Harfst & Associates Inc. acquired a new stake in Newell Brands during the first quarter worth approximately $103,000. BDO Wealth Advisors LLC acquired a new stake in Newell Brands during the second quarter worth approximately $107,000. Israel Discount Bank of New York acquired a new stake in Newell Brands during the first quarter worth approximately $112,000. Parallel Advisors LLC increased its stake in Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Newell Brands during the first quarter worth approximately $156,000. 92.42% of the stock is owned by institutional investors.
Newell Brands Inc. (NWL) opened at 48.91 on Friday. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.08. The firm has a 50 day moving average price of $50.87 and a 200-day moving average price of $50.29. The firm has a market capitalization of $23.97 billion, a price-to-earnings ratio of 19.53 and a beta of 1.19.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the Zacks’ 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 company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the company earned $0.78 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Newell Brands Inc. will post $3.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.23 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.88%. Newell Brands’s dividend payout ratio is currently 36.95%.
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A number of research analysts have recently weighed in on NWL shares. Jefferies Group LLC restated a “buy” rating and issued a $66.00 price target (up previously from $65.00) on shares of Newell Brands in a research report on Thursday, July 6th. Zacks Investment Research cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the stock a “hold” rating in a research report on Monday, May 8th. Finally, Royal Bank Of Canada reiterated a “top pick” rating and set a $60.00 price objective on shares of Newell Brands in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Newell Brands presently has a consensus rating of “Buy” and an average 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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