Rampart Investment Management Company LLC Sells 2,667 Shares of Newell Brands Inc (NYSE:NWL)
Rampart Investment Management Company LLC lessened its position in shares of Newell Brands Inc (NYSE:NWL) by 22.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,279 shares of the company’s stock after selling 2,667 shares during the period. Rampart Investment Management Company LLC’s holdings in Newell Brands were worth $143,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Coastal Investment Advisors Inc. raised its stake in Newell Brands by 218.2% during the second quarter. Coastal Investment Advisors Inc. now owns 1,909 shares of the company’s stock worth $29,000 after buying an additional 1,309 shares during the last quarter. Westside Investment Management Inc. bought a new position in Newell Brands during the second quarter worth $30,000. FinTrust Capital Advisors LLC bought a new position in Newell Brands during the first quarter worth $31,000. LifePlan Financial Group Inc bought a new position in Newell Brands during the second quarter worth $40,000. Finally, CSat Investment Advisory L.P. raised its stake in Newell Brands by 163.6% during the first quarter. CSat Investment Advisory L.P. now owns 3,110 shares of the company’s stock worth $48,000 after buying an additional 1,930 shares during the last quarter. 98.42% of the stock is owned by institutional investors and hedge funds.
In related news, Director Michael Todman purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $15.76 per share, with a total value of $78,800.00. Following the completion of the purchase, the director now owns 72,184 shares in the company, valued at approximately $1,137,619.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Research analysts predict that Newell Brands Inc will post 1.22 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.20%. The ex-dividend date was Thursday, August 29th. Newell Brands’s dividend payout ratio (DPR) is currently 33.45%.
A number of equities analysts recently weighed in on NWL shares. Wells Fargo & Co reissued a “buy” rating on shares of Newell Brands in a research note on Wednesday, July 31st. Consumer Edge started coverage on shares of Newell Brands in a research note on Wednesday, July 3rd. They set a “hold” rating for the company. Barclays reissued a “hold” rating on shares of Newell Brands in a research note on Wednesday, August 7th. Finally, Deutsche Bank lowered their target price on shares of Newell Brands from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Newell Brands currently has an average rating of “Hold” and a consensus price target of $20.30.
Newell Brands 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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