Newell Brands Inc. (NWL) Shares Bought by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. lifted its holdings in shares of Newell Brands Inc. (NYSE:NWL) by 26.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,295 shares of the company’s stock after purchasing an additional 3,595 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Newell Brands were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC grew its holdings in shares of Newell Brands by 1.6% during the 2nd quarter. Penserra Capital Management LLC now owns 4,160 shares of the company’s stock worth $223,000 after purchasing an additional 66 shares during the period. QS Investors LLC grew its holdings in shares of Newell Brands by 1.1% during the 2nd quarter. QS Investors LLC now owns 6,040 shares of the company’s stock worth $324,000 after purchasing an additional 68 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Newell Brands by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,891 shares of the company’s stock worth $1,924,000 after purchasing an additional 107 shares during the period. Bellwether Investment Group LLC grew its holdings in shares of Newell Brands by 2.0% during the 2nd quarter. Bellwether Investment Group LLC now owns 5,501 shares of the company’s stock worth $295,000 after purchasing an additional 110 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of Newell Brands by 1.7% during the 2nd quarter. Private Advisor Group LLC now owns 13,503 shares of the company’s stock worth $721,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 91.42% of the company’s stock.
In other Newell Brands news, Director Scott S. Cowen bought 2,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $43.60 per share, with a total value of $87,200.00. Following the transaction, the director now owns 87,883 shares of the company’s stock, valued at $3,831,698.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael B. Polk bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average cost of $43.61 per share, for a total transaction of $218,050.00. Following the transaction, the chief executive officer now directly owns 609,296 shares in the company, valued at approximately $26,571,398.56. The disclosure for this purchase can be found here. Insiders have bought a total of 7,100 shares of company stock worth $309,715 in the last three months. Corporate insiders own 0.97% of the company’s stock.
NWL has been the subject of a number of research analyst reports. BidaskClub cut Newell Brands from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research cut Newell Brands from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a “hold” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and set a $65.00 target price (down from $66.00) on shares of Newell Brands in a report on Monday, August 7th. Finally, J P Morgan Chase & Co set a $61.00 target price on Newell Brands and gave the company a “buy” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Newell Brands has an average rating of “Hold” and an average target price of $49.57.
Newell Brands Inc. (NYSE NWL) opened at $28.47 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86. The stock has a market capitalization of $14,359.93, a PE ratio of 10.21, a PEG ratio of 1.03 and a beta of 1.20. Newell Brands Inc. has a 52 week low of $28.11 and a 52 week high of $55.08.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. sell-side analysts expect that Newell Brands Inc. will post 2.81 earnings per share for the current fiscal year.
Newell Brands announced that its Board of Directors has authorized a stock repurchase program on Tuesday, September 26th that allows the company to buyback $256.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently 35.52%.
About Newell Brands
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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