Newell Brands Inc. (NWL) Position Maintained by Utah Retirement Systems
Utah Retirement Systems maintained its stake in Newell Brands Inc. (NYSE:NWL) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,966 shares of the company’s stock at the end of the first quarter. Utah Retirement Systems’ holdings in Newell Brands were worth $4,055,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in NWL. Zions Bancorporation boosted its stake in Newell Brands by 1.6% in the fourth quarter. Zions Bancorporation now owns 4,426 shares of the company’s stock worth $198,000 after buying an additional 68 shares in the last quarter. Savant Capital LLC boosted its stake in Newell Brands by 1.9% in the first quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock worth $230,000 after buying an additional 90 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Newell Brands by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,654 shares of the company’s stock worth $1,235,000 after buying an additional 114 shares in the last quarter. FTB Advisors Inc. boosted its stake in Newell Brands by 1.9% in the first quarter. FTB Advisors Inc. now owns 7,088 shares of the company’s stock worth $334,000 after buying an additional 134 shares in the last quarter. Finally, United Asset Strategies Inc. boosted its stake in Newell Brands by 2.8% in the first quarter. United Asset Strategies Inc. now owns 4,887 shares of the company’s stock worth $231,000 after buying an additional 135 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.
Newell Brands Inc. (NYSE:NWL) traded up 0.48% during trading on Friday, reaching $54.85. 4,564,369 shares of the company were exchanged. The stock has a 50 day moving average price of $51.94 and a 200 day moving average price of $48.25. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.45. The firm has a market capitalization of $26.50 billion, a PE ratio of 23.28 and a beta of 1.13.
Newell Brands (NYSE:NWL) last posted its earnings results on Monday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.05. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 148.4% on a year-over-year basis. On average, analysts expect that Newell Brands Inc. will post $3.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.23 per share. This is an increase from Newell Brands’s previous quarterly dividend of $0.19. This represents a $0.92 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, May 26th. Newell Brands’s dividend payout ratio (DPR) is 39.49%.
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A number of analysts have recently commented on the stock. Barclays PLC set a $60.00 target price on shares of Newell Brands and gave the stock a “buy” rating in a research note on Saturday, February 18th. Jefferies Group LLC boosted their target price on shares of Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. BMO Capital Markets set a $51.00 target price on shares of Newell Brands and gave the stock a “hold” rating in a research note on Monday, May 8th. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday, April 11th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Newell Brands in a research note on Saturday, April 22nd. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.93.
In other Newell Brands news, Director Thomas E. Clarke sold 5,353 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total transaction of $280,978.97. Following the completion of the transaction, the director now directly owns 66,286 shares in the company, valued at approximately $3,479,352.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.97% of the company’s stock.
About Newell Brands
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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