BB&T Securities LLC Has $6.82 Million Stake in Newell Brands Inc. (NWL)
BB&T Securities LLC decreased its stake in Newell Brands Inc. (NYSE:NWL) by 76.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 127,208 shares of the company’s stock after selling 421,212 shares during the period. BB&T Securities LLC’s holdings in Newell Brands were worth $6,820,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of NWL. Headinvest LLC boosted its stake in shares of Newell Brands by 6.3% in the first quarter. Headinvest LLC now owns 46,768 shares of the company’s stock valued at $2,206,000 after buying an additional 2,784 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its stake in shares of Newell Brands by 4.6% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 45,684 shares of the company’s stock valued at $2,155,000 after buying an additional 1,989 shares in the last quarter. BTR Capital Management Inc. acquired a new stake in shares of Newell Brands during the first quarter valued at approximately $6,406,000. PGGM Investments boosted its stake in shares of Newell Brands by 42.0% in the first quarter. PGGM Investments now owns 917,339 shares of the company’s stock valued at $43,271,000 after buying an additional 271,506 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Newell Brands by 12.7% in the first quarter. Rehmann Capital Advisory Group now owns 13,116 shares of the company’s stock valued at $619,000 after buying an additional 1,483 shares in the last quarter. Institutional investors own 94.87% of the company’s stock.
Newell Brands Inc. (NYSE:NWL) opened at 49.66 on Monday. The firm has a market capitalization of $24.34 billion, a P/E ratio of 19.83 and a beta of 1.17. Newell Brands Inc. has a one year low of $43.43 and a one year high of $55.08. The company’s 50-day moving average is $52.25 and its 200-day moving average is $50.17.
Newell Brands (NYSE:NWL) last released its earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. Equities analysts forecast that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s payout ratio is 36.95%.
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Several research firms recently weighed in on NWL. Jefferies Group LLC reissued a “buy” rating and set a $66.00 price objective (up previously from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Saturday, July 1st. BidaskClub raised shares of Newell Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price objective on shares of Newell Brands in a research note on Thursday, June 8th. Finally, BMO Capital Markets set a $51.00 price objective on shares of Newell Brands and gave the stock a “hold” rating in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $58.07.
Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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