Riverhead Capital Management LLC raised its position in shares of Newell Brands Inc (NYSE:NWL) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,602 shares of the company’s stock after buying an additional 1,800 shares during the quarter. Riverhead Capital Management LLC’s holdings in Newell Brands were worth $271,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NWL. Pacer Advisors Inc. grew its holdings in shares of Newell Brands by 7.9% during the second quarter. Pacer Advisors Inc. now owns 40,254 shares of the company’s stock valued at $621,000 after purchasing an additional 2,945 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of Newell Brands by 51.7% during the second quarter. Ancora Advisors LLC now owns 45,500 shares of the company’s stock valued at $702,000 after purchasing an additional 15,500 shares during the last quarter. Cadence Capital Management LLC grew its holdings in shares of Newell Brands by 149.2% during the second quarter. Cadence Capital Management LLC now owns 35,518 shares of the company’s stock valued at $548,000 after purchasing an additional 21,263 shares during the last quarter. Robinson Value Management Ltd. bought a new position in shares of Newell Brands during the second quarter valued at approximately $2,532,000. Finally, MACRO Consulting Group bought a new position in shares of Newell Brands during the second quarter valued at approximately $1,724,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.
Several equities analysts have recently commented on the company. Consumer Edge assumed coverage on Newell Brands in a report on Wednesday, July 3rd. They set a “hold” rating for the company. Barclays reaffirmed a “hold” rating on shares of Newell Brands in a report on Wednesday, August 7th. Deutsche Bank decreased their price objective on Newell Brands from $18.00 to $16.00 and set a “hold” rating for the company in a report on Monday, August 5th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.30.
NWL stock traded up $0.10 on Friday, reaching $18.58. The company’s stock had a trading volume of 87,545 shares, compared to its average volume of 5,924,742. Newell Brands Inc has a 52 week low of $13.04 and a 52 week high of $24.57. The company has a market capitalization of $7.83 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The firm has a fifty day moving average of $15.90 and a two-hundred day moving average of $15.36. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the company posted $0.82 EPS. As a group, equities analysts expect that Newell Brands Inc will post 1.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 4.95%. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
In other news, Director Michael Todman bought 5,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $15.76 per share, for a total transaction of $78,800.00. Following the completion of the transaction, the director now directly owns 72,184 shares of the company’s stock, valued at approximately $1,137,619.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.97% of the company’s stock.
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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