Newell Brands Inc (NWL) Stake Increased by World Asset Management Inc

World Asset Management Inc boosted its stake in Newell Brands Inc (NYSE:NWL) by 19.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 52,625 shares of the company’s stock after buying an additional 8,724 shares during the period. World Asset Management Inc’s holdings in Newell Brands were worth $2,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NWL. Sumitomo Mitsui Asset Management Company LTD boosted its position in Newell Brands by 3.6% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,786 shares of the company’s stock valued at $1,831,000 after buying an additional 1,219 shares during the period. Nippon Life Insurance Co. boosted its position in Newell Brands by 0.8% in the third quarter. Nippon Life Insurance Co. now owns 25,426 shares of the company’s stock valued at $1,339,000 after buying an additional 206 shares during the period. State of Wisconsin Investment Board boosted its position in Newell Brands by 0.9% in the third quarter. State of Wisconsin Investment Board now owns 282,819 shares of the company’s stock valued at $14,893,000 after buying an additional 2,523 shares during the period. Seven Bridges Advisors LLC boosted its position in Newell Brands by 83.8% in the third quarter. Seven Bridges Advisors LLC now owns 5,166 shares of the company’s stock valued at $272,000 after buying an additional 2,355 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in Newell Brands by 0.9% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 712,237 shares of the company’s stock valued at $37,506,000 after buying an additional 6,152 shares during the period. Hedge funds and other institutional investors own 93.22% of the company’s stock.

Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

Newell Brands Inc (NYSE:NWL) traded up 2.342% during mid-day trading on Friday, reaching $53.085. 2,529,996 shares of the company traded hands. The firm has a market cap of $25.65 billion, a PE ratio of 22.532 and a beta of 0.94. Newell Brands Inc has a one year low of $43.43 and a one year high of $55.45. The stock’s 50-day moving average price is $48.30 and its 200-day moving average price is $47.47.

Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Monday, May 8th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Newell Brands had a net margin of 3.98% and a return on equity of 13.59%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the company earned $0.40 EPS. Newell Brands’s revenue was up 148.4% on a year-over-year basis. Analysts forecast that Newell Brands Inc will post $3.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.23 per share. This is a boost from Newell Brands’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, May 26th. This represents a $0.92 annualized dividend and a dividend yield of 1.77%. Newell Brands’s payout ratio is currently 64.96%.

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NWL has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Newell Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Oppenheimer Holdings Inc. restated a “market perform” rating and issued a $50.00 target price (down previously from $52.00) on shares of Newell Brands in a research report on Thursday, February 2nd. B. Riley restated a “buy” rating and issued a $67.00 target price on shares of Newell Brands in a research report on Tuesday, February 7th. KeyCorp decreased their target price on shares of Newell Brands from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, February 7th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Newell Brands in a research report on Tuesday, February 7th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Newell Brands has an average rating of “Buy” and an average target price of $57.93.

In other news, Director Martin E. Franklin sold 340,000 shares of Newell Brands stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $48.34, for a total transaction of $16,435,600.00. Following the completion of the sale, the director now owns 4,840,926 shares in the company, valued at approximately $234,010,362.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven J. Strobel sold 5,353 shares of Newell Brands stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $49.38, for a total transaction of $264,331.14. Following the sale, the director now owns 53,065 shares of the company’s stock, valued at approximately $2,620,349.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 350,706 shares of company stock valued at $16,980,910. 0.66% of the stock is owned by corporate insiders.

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.

5 Day Chart for NYSE:NWL

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