Newell Brands Inc. (NWL) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Newell Brands Inc. (NYSE:NWL) by 33.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 113,956 shares of the company’s stock after buying an additional 28,612 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Newell Brands were worth $6,110,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Harfst & Associates Inc. purchased a new stake in shares of Newell Brands during the first quarter worth about $103,000. Israel Discount Bank of New York bought a new position in shares of Newell Brands during the first quarter worth approximately $112,000. Parallel Advisors LLC raised its position in shares of Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Newell Brands during the first quarter worth approximately $156,000. Finally, CHICAGO TRUST Co NA bought a new position in shares of Newell Brands during the second quarter worth approximately $204,000. 94.87% of the stock is currently owned by institutional investors.
Newell Brands Inc. (NWL) opened at 48.12 on Friday. The firm has a market cap of $23.58 billion, a price-to-earnings ratio of 19.22 and a beta of 1.17. The firm’s 50 day moving average is $51.59 and its 200-day moving average is $50.23. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.08.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the business earned $0.78 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Newell Brands Inc. will post $3.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio (DPR) is presently 36.95%.
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NWL has been the topic of a number of research reports. Wells Fargo & Company lowered shares of Newell Brands from an “outperform” rating to a “market perform” rating and set a $50.00 price target on the stock. in a research note on Monday, May 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 price target (up previously from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a “top pick” rating and issued a $60.00 price target on shares of Newell Brands in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target 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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