M&T Bank Corp grew its position in shares of Newell Brands (NYSE:NWL) by 164.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,255 shares of the company’s stock after buying an additional 80,412 shares during the quarter. M&T Bank Corp’s holdings in Newell Brands were worth $3,294,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of NWL. MUFG Americas Holdings Corp boosted its holdings in Newell Brands by 566.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock worth $104,000 after purchasing an additional 2,873 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Newell Brands in the fourth quarter worth approximately $123,000. Global X Management Co. LLC boosted its holdings in Newell Brands by 126.3% in the first quarter. Global X Management Co. LLC now owns 7,844 shares of the company’s stock worth $200,000 after purchasing an additional 4,378 shares during the last quarter. FTB Advisors Inc. boosted its holdings in Newell Brands by 66.9% in the first quarter. FTB Advisors Inc. now owns 8,171 shares of the company’s stock worth $208,000 after purchasing an additional 3,276 shares during the last quarter. Finally, Advisor Partners LLC purchased a new stake in Newell Brands in the first quarter worth approximately $213,000. Hedge funds and other institutional investors own 90.50% of the company’s stock.
Several brokerages recently issued reports on NWL. Barclays restated a “hold” rating and issued a $29.00 target price on shares of Newell Brands in a report on Sunday. FIX restated a “hold” rating and issued a $23.00 target price on shares of Newell Brands in a report on Thursday, February 8th. Vetr upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, February 20th. JPMorgan Chase restated a “hold” rating and issued a $26.00 target price (up previously from $25.00) on shares of Newell Brands in a report on Tuesday, February 20th. Finally, ValuEngine cut shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.44.
Shares of Newell Brands stock opened at $27.11 on Tuesday. The firm has a market cap of $13.14 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.65 and a beta of 0.80. Newell Brands has a 1-year low of $27.02 and a 1-year high of $27.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 1.72.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, May 4th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.08. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Newell Brands had a net margin of 14.93% and a return on equity of 10.05%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. equities analysts expect that Newell Brands will post 2.66 EPS for the current fiscal year.
About Newell Brands
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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