Chevy Chase Trust Holdings Inc. Has $21,189,000 Stake in Newell Brands Inc. (NWL)
Chevy Chase Trust Holdings Inc. boosted its stake in Newell Brands Inc. (NYSE:NWL) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 402,380 shares of the company’s stock after buying an additional 12,258 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.08% of Newell Brands worth $21,189,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of NWL. Quadrant Capital Group LLC increased its position in shares of Newell Brands by 66.6% in the second quarter. Quadrant Capital Group LLC now owns 2,467 shares of the company’s stock worth $116,000 after buying an additional 986 shares during the last quarter. Seven Bridges Advisors LLC bought a new position in shares of Newell Brands during the second quarter worth about $137,000. Parkside Financial Bank & Trust increased its position in shares of Newell Brands by 13.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the company’s stock worth $138,000 after buying an additional 330 shares during the last quarter. FineMark National Bank & Trust bought a new position in shares of Newell Brands during the second quarter worth about $146,000. Finally, NN Investment Partners Holdings N.V. increased its position in shares of Newell Brands by 56.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,101 shares of the company’s stock worth $151,000 after buying an additional 1,120 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.
Newell Brands Inc. (NYSE:NWL) traded down 1.72% during midday trading on Friday, hitting $46.74. 2,975,272 shares of the stock traded hands. The company has a 50-day moving average of $50.87 and a 200-day moving average of $50.10. The stock has a market cap of $22.55 billion, a PE ratio of 45.56 and a beta of 1.03. Newell Brands Inc. has a 12 month low of $33.26 and a 12 month high of $55.45.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The business earned $3.95 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Newell Brands had a return on equity of 14.92% and a net margin of 3.51%. The company’s quarterly revenue was up 158.5% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. On average, equities research analysts anticipate that Newell Brands Inc. will post $2.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a $0.19 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.63%. Newell Brands’s dividend payout ratio is currently 86.36%.
A number of brokerages have issued reports on NWL. Royal Bank Of Canada reissued a “top pick” rating and set a $60.00 price objective on shares of Newell Brands in a research report on Monday, August 1st. Wells Fargo & Co. began coverage on shares of Newell Brands in a report on Tuesday, November 15th. They set an “outperform” rating on the stock. B. Riley restated a “buy” rating and set a $60.00 target price on shares of Newell Brands in a report on Wednesday, October 5th. Jefferies Group restated a “top pick” rating and set a $66.00 target price (up previously from $61.00) on shares of Newell Brands in a report on Monday, August 1st. Finally, RBC Capital Markets restated a “buy” rating on shares of Newell Brands in a report on Monday, August 1st. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Newell Brands currently has a consensus rating of “Buy” and an average price target of $58.75.
In other news, CEO Michael B. Polk acquired 7,500 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average cost of $49.68 per share, with a total value of $372,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, President Mark Tarchetti acquired 12,436 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average cost of $48.15 per share, with a total value of $598,793.40. Following the completion of the purchase, the president now directly owns 188,995 shares in the company, valued at $9,100,109.25. The disclosure for this purchase can be found here. 0.66% of the stock is owned by insiders.
About Newell Brands
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
Receive News & Stock Ratings for Newell Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands Inc. and related stocks with our FREE daily email newsletter.