Schwab Charles Investment Management Inc. lowered its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 481,050 shares of the company’s stock after selling 40,890 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.82% of Spectrum Brands Holdings worth $60,151,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Flinton Capital Management LLC raised its position in Spectrum Brands Holdings by 22.4% in the first quarter. Flinton Capital Management LLC now owns 6,032 shares of the company’s stock valued at $838,000 after buying an additional 1,104 shares during the period. American Century Companies Inc. raised its position in Spectrum Brands Holdings by 18.0% in the first quarter. American Century Companies Inc. now owns 530,552 shares of the company’s stock valued at $73,752,000 after buying an additional 80,932 shares during the period. State Board of Administration of Florida Retirement System raised its position in Spectrum Brands Holdings by 5.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 42,558 shares of the company’s stock valued at $5,916,000 after buying an additional 2,048 shares during the period. Chicago Equity Partners LLC bought a new position in Spectrum Brands Holdings during the first quarter valued at approximately $528,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Spectrum Brands Holdings by 11.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 84,058 shares of the company’s stock valued at $11,685,000 after buying an additional 8,342 shares during the period. Hedge funds and other institutional investors own 47.00% of the company’s stock.

Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 107.47 on Thursday. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 22.00 and a beta of 0.66. Spectrum Brands Holdings, Inc. has a 52 week low of $105.30 and a 52 week high of $146.09. The firm’s 50-day moving average price is $115.77 and its 200-day moving average price is $130.06. Spectrum Brands Holdings also was the recipient of some unusual options trading activity on Monday. Investors purchased 13,644 call options on the stock. This represents an increase of 720% compared to the average daily volume of 1,663 call options.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company posted $1.73 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts expect that Spectrum Brands Holdings, Inc. will post $5.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is currently 34.29%.

ILLEGAL ACTIVITY NOTICE: “Schwab Charles Investment Management Inc. Lowers Position in Spectrum Brands Holdings, Inc. (SPB)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.watchlistnews.com/schwab-charles-investment-management-inc-lowers-position-in-spectrum-brands-holdings-inc-spb/1533063.html.

Several equities analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $160.00 target price on shares of Spectrum Brands Holdings in a report on Thursday, May 25th. Deutsche Bank AG lowered their target price on Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. BidaskClub lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $150.00 target price (down from $165.00) on shares of Spectrum Brands Holdings in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Spectrum Brands Holdings presently has a consensus rating of “Buy” and an average price target of $146.44.

About Spectrum Brands Holdings

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

Institutional Ownership by Quarter for Spectrum Brands Holdings (NYSE:SPB)

Receive News & Ratings for Spectrum Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.