HBK Investments L P bought a new position in shares of Newell Brands Inc (NYSE:NWL) in the 4th quarter, HoldingsChannel reports. The fund bought 266,000 shares of the company’s stock, valued at approximately $8,219,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. MUFG Americas Holdings Corp boosted its stake in shares of Newell Brands by 566.7% during the fourth quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock worth $104,000 after buying an additional 2,873 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth about $123,000. Patten Group Inc. boosted its stake in shares of Newell Brands by 5,263.6% during the fourth quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock worth $214,000 after buying an additional 6,790 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth about $215,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Newell Brands during the third quarter worth about $226,000. Institutional investors and hedge funds own 92.74% of the company’s stock.
Newell Brands Inc (NYSE:NWL) opened at $28.60 on Wednesday. Newell Brands Inc has a 1-year low of $23.85 and a 1-year high of $55.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83. The stock has a market cap of $14,065.95, a PE ratio of 5.08, a price-to-earnings-growth ratio of 1.49 and a beta of 0.88.
Newell Brands (NYSE:NWL) last issued its earnings results on Friday, February 16th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. equities research analysts anticipate that Newell Brands Inc will post 2.7 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.22%. Newell Brands’s dividend payout ratio (DPR) is presently 16.34%.
NWL has been the subject of several recent research reports. KeyCorp reiterated a “buy” rating and set a $32.00 target price (down previously from $40.00) on shares of Newell Brands in a research note on Monday, January 29th. FIX reiterated a “hold” rating and set a $23.00 target price on shares of Newell Brands in a research note on Thursday, February 8th. Vetr upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, February 20th. Jefferies Group reiterated a “hold” rating and set a $32.00 target price on shares of Newell Brands in a research note on Thursday, January 25th. Finally, Citigroup restated a “buy” rating on shares of Newell Brands in a research report on Monday, March 5th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.50.
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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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