Newell Brands Inc (NYSE:NWL) Holdings Boosted by Eidelman Virant Capital

Eidelman Virant Capital boosted its stake in shares of Newell Brands Inc (NYSE:NWL) by 7.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,800 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Eidelman Virant Capital’s holdings in Newell Brands were worth $1,270,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NWL. Proficio Capital Partners LLC increased its position in shares of Newell Brands by 67.8% in the fourth quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock worth $29,000 after acquiring an additional 624 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new stake in Newell Brands during the 4th quarter valued at $31,000. JOYN Advisors Inc. grew its holdings in Newell Brands by 232.3% during the 4th quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock valued at $32,000 after purchasing an additional 1,215 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in Newell Brands during the 1st quarter valued at $31,000. Finally, CSat Investment Advisory L.P. grew its holdings in Newell Brands by 163.6% during the 1st quarter. CSat Investment Advisory L.P. now owns 3,110 shares of the company’s stock valued at $48,000 after purchasing an additional 1,930 shares in the last quarter. 98.42% of the stock is currently owned by institutional investors.

Newell Brands stock opened at $14.56 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98. Newell Brands Inc has a 1 year low of $13.04 and a 1 year high of $28.00. The stock has a market capitalization of $6.16 billion, a PE ratio of 5.29, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90.

Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the firm posted $0.34 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, research analysts expect that Newell Brands Inc will post 1.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.23 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.32%. Newell Brands’s payout ratio is currently 33.45%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Newell Brands from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $15.00 price target on shares of Newell Brands in a report on Thursday, March 14th. Wells Fargo & Co raised their price target on shares of Newell Brands from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Barclays set a $16.00 price target on shares of Newell Brands and gave the company a “hold” rating in a report on Tuesday, February 19th. Finally, Citigroup set a $24.00 price target on shares of Newell Brands and gave the company a “buy” rating in a report on Wednesday, February 20th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Newell Brands currently has an average rating of “Hold” and a consensus price target of $20.80.

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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.

Further Reading: P/E Growth (PEG)

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

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