Newell Brands Inc. (NWL) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. raised its position in Newell Brands Inc. (NYSE:NWL) by 91.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,927,677 shares of the company’s stock after buying an additional 920,628 shares during the period. UBS Asset Management Americas Inc. owned about 0.40% of Newell Brands worth $101,511,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in NWL. Envestnet Asset Management Inc. increased its position in shares of Newell Brands by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 41,459 shares of the company’s stock worth $1,836,000 after buying an additional 3,359 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Newell Brands during the first quarter worth $1,063,000. Arizona State Retirement System increased its position in shares of Newell Brands by 1.7% in the first quarter. Arizona State Retirement System now owns 72,476 shares of the company’s stock worth $3,210,000 after buying an additional 1,200 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Newell Brands during the first quarter worth $1,564,000. Finally, First Republic Investment Management Inc. increased its position in shares of Newell Brands by 22.5% in the first quarter. First Republic Investment Management Inc. now owns 18,840 shares of the company’s stock worth $834,000 after buying an additional 3,465 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.
Shares of Newell Brands Inc. (NYSE:NWL) traded down 0.85% during midday trading on Monday, hitting $47.86. The company had a trading volume of 1,343,467 shares. The stock has a 50 day moving average price of $49.63 and a 200 day moving average price of $50.22. The firm has a market capitalization of $23.09 billion, a P/E ratio of 46.65 and a beta of 1.03. Newell Brands Inc. has a 1-year low of $33.26 and a 1-year high of $55.45.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, October 28th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Newell Brands had a net margin of 3.51% and a return on equity of 14.92%. The business earned $3.95 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s revenue was up 158.5% on a year-over-year basis. On average, equities analysts anticipate that Newell Brands Inc. will post $2.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Monday, November 28th. Newell Brands’s payout ratio is 86.36%.
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A number of equities research analysts recently commented on NWL shares. Deutsche Bank AG lifted their price target on shares of Newell Brands from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Jefferies Group reaffirmed a “top pick” rating and issued a $66.00 price target on shares of Newell Brands in a report on Wednesday, September 14th. Citigroup Inc. reaffirmed a “buy” rating and issued a $61.00 price target on shares of Newell Brands in a report on Tuesday, August 2nd. B. Riley reaffirmed a “buy” rating and issued a $60.00 price target on shares of Newell Brands in a report on Monday, October 10th. Finally, Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Monday, August 1st. One investment 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $58.75.
In other Newell Brands news, CEO Michael B. Polk acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was purchased at an average price of $47.82 per share, with a total value of $191,280.00. Following the transaction, the chief executive officer now directly owns 338,169 shares in the company, valued at approximately $16,171,241.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Mark Tarchetti acquired 12,436 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were acquired at an average cost of $48.15 per share, with a total value of $598,793.40. Following the transaction, the president now owns 188,995 shares in the company, valued at $9,100,109.25. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.
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.
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