Kings Point Capital Management Has $15.99 Million Position in Newell Brands Inc. (NWL)
Kings Point Capital Management cut its position in shares of Newell Brands Inc. (NYSE:NWL) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,256 shares of the company’s stock after selling 8,099 shares during the period. Newell Brands comprises approximately 3.7% of Kings Point Capital Management’s portfolio, making the stock its largest position. Kings Point Capital Management owned about 0.06% of Newell Brands worth $15,993,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in NWL. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of Newell Brands by 5.1% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 181,806 shares of the company’s stock worth $8,576,000 after buying an additional 8,783 shares in the last quarter. Jones Collombin Investment Counsel Inc boosted its position in shares of Newell Brands by 1,229.1% in the first quarter. Jones Collombin Investment Counsel Inc now owns 57,815 shares of the company’s stock worth $2,727,000 after buying an additional 53,465 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Newell Brands by 10.4% in the first quarter. Whittier Trust Co. now owns 5,737 shares of the company’s stock worth $271,000 after buying an additional 540 shares during the last quarter. BTC Capital Management Inc. boosted its position in shares of Newell Brands by 5.1% in the first quarter. BTC Capital Management Inc. now owns 44,574 shares of the company’s stock worth $2,102,000 after buying an additional 2,168 shares during the last quarter. Finally, AMF Pensionsforsakring AB boosted its position in shares of Newell Brands by 0.3% in the first quarter. AMF Pensionsforsakring AB now owns 795,664 shares of the company’s stock worth $37,531,000 after buying an additional 2,435 shares during the last quarter. Institutional investors own 94.87% of the company’s stock.
Newell Brands Inc. (NWL) traded down 0.06% during trading on Friday, hitting $48.12. 3,008,859 shares of the company were exchanged. The stock’s 50-day moving average is $51.59 and its 200-day moving average is $50.23. The company has a market capitalization of $23.58 billion, a price-to-earnings ratio of 19.22 and a beta of 1.17. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.08.
Newell Brands (NYSE:NWL) last announced its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Newell Brands Inc. will post $3.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders 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 1.91%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio is 36.95%.
WARNING: “Kings Point Capital Management Has $15.99 Million Position in Newell Brands Inc. (NWL)” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/27/kings-point-capital-management-has-15-99-million-position-in-newell-brands-inc-nwl.html.
A number of equities analysts have commented on the stock. BidaskClub cut shares of Newell Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday. J P Morgan Chase & Co set a $61.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a research note on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 price objective (down from $66.00) on shares of Newell Brands in a research note on Monday, August 7th. 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 Saturday, August 5th. Finally, Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus 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.
Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Brands Inc. (NYSE:NWL).
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.