Capital Guardian Trust Co. Sells 14,710 Shares of Newell Brands Inc. (NWL)
Capital Guardian Trust Co. cut its stake in shares of Newell Brands Inc. (NYSE:NWL) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 482,416 shares of the company’s stock after selling 14,710 shares during the quarter. Capital Guardian Trust Co. owned approximately 0.10% of Newell Brands worth $20,585,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. BDO Wealth Advisors LLC bought a new position in shares of Newell Brands during the second quarter valued at approximately $107,000. Parkside Investments LLC bought a new position in Newell Brands in the 3rd quarter worth approximately $107,000. Harfst & Associates Inc. grew its holdings in Newell Brands by 14.4% in the 2nd quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock worth $134,000 after buying an additional 315 shares in the last quarter. BB&T Investment Services Inc. bought a new position in Newell Brands in the 2nd quarter worth approximately $143,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Newell Brands by 52.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after buying an additional 1,088 shares in the last quarter. 94.40% of the stock is owned by institutional investors.
In related news, CEO Michael B. Polk acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was bought at an average price of $43.61 per share, for a total transaction of $218,050.00. Following the transaction, the chief executive officer now owns 609,296 shares of the company’s stock, valued at $26,571,398.56. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael B. Polk acquired 7,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were bought at an average price of $28.22 per share, with a total value of $197,540.00. Following the transaction, the chief executive officer now directly owns 616,296 shares in the company, valued at approximately $17,391,873.12. The disclosure for this purchase can be found here. Insiders have bought a total of 12,100 shares of company stock valued at $420,055 in the last quarter. Insiders own 0.97% of the company’s stock.
Newell Brands Inc. (NWL) traded up $0.15 on Monday, reaching $30.96. The company’s stock had a trading volume of 4,591,700 shares, compared to its average volume of 4,786,147. The firm has a market capitalization of $15,168.60, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86. Newell Brands Inc. has a 12-month low of $27.45 and a 12-month high of $55.08.
Newell Brands (NYSE:NWL) last released its earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.71 billion. Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. research analysts predict 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 approved a share repurchase plan on Tuesday, September 26th that authorizes the company to buyback $256.00 million in shares. This buyback authorization authorizes the company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
The business also recently disclosed 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. The ex-dividend date is Wednesday, November 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.97%. 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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