Toronto Dominion Bank grew its stake in Newell Brands Inc (NYSE:NWL) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 297,449 shares of the company’s stock after acquiring an additional 20,730 shares during the period. Toronto Dominion Bank’s holdings in Newell Brands were worth $4,562,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its position in shares of Newell Brands by 67.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock worth $29,000 after buying an additional 624 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in shares of Newell Brands during the 4th quarter worth approximately $31,000. JOYN Advisors Inc. grew its position in shares of Newell Brands by 232.3% during the 4th quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock worth $32,000 after buying an additional 1,215 shares during the period. FNY Investment Advisers LLC grew its position in shares of Newell Brands by 459.1% during the 4th quarter. FNY Investment Advisers LLC now owns 1,957 shares of the company’s stock worth $36,000 after buying an additional 1,607 shares during the period. Finally, We Are One Seven LLC acquired a new stake in shares of Newell Brands during the 4th quarter worth approximately $49,000. 98.42% of the stock is owned by institutional investors.
Several brokerages have recently commented on NWL. Zacks Investment Research cut shares of Newell Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Wells Fargo & Co restated an “outperform” rating and set a $21.00 price objective (down previously from $36.00) on shares of Newell Brands in a report on Tuesday, February 19th. Barclays set a $16.00 price objective on shares of Newell Brands and gave the company a “hold” rating in a report on Tuesday, February 19th. Jefferies Financial Group restated a “hold” rating and set a $15.00 price objective on shares of Newell Brands in a report on Thursday, March 14th. Finally, Citigroup set a $24.00 price target on shares of Newell Brands and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.80.
Shares of NYSE:NWL traded down $0.07 on Wednesday, hitting $15.45. The company had a trading volume of 81,409 shares, compared to its average volume of 6,606,271. Newell Brands Inc has a 1-year low of $13.57 and a 1-year high of $28.00. The company has a market cap of $6.54 billion, a P/E ratio of 5.62, a P/E/G ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities research analysts expect that Newell Brands Inc will post 1.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.23 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.95%. Newell Brands’s dividend payout ratio is currently 33.45%.
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Newell Brands Company Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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