Cambridge Investment Research Advisors Inc. Sells 3,216 Shares of Newell Brands Inc. (NWL)

Cambridge Investment Research Advisors Inc. trimmed its position in shares of Newell Brands Inc. (NYSE:NWL) by 19.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,566 shares of the company’s stock after selling 3,216 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Newell Brands were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NWL. BDO Wealth Advisors LLC bought a new position in Newell Brands during the second quarter worth $107,000. Harfst & Associates Inc. bought a new stake in shares of Newell Brands in the first quarter valued at about $103,000. Israel Discount Bank of New York bought a new stake in shares of Newell Brands in the first quarter valued at about $112,000. Parallel Advisors LLC boosted 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 valued at $132,000 after acquiring an additional 544 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Newell Brands in the first quarter valued at about $156,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Newell Brands Inc. (NWL) opened at 43.30 on Friday. The company has a market capitalization of $21.22 billion, a PE ratio of 17.29 and a beta of 1.19. Newell Brands Inc. has a one year low of $42.88 and a one year high of $55.08. The company has a 50 day moving average price of $48.92 and a 200-day moving average price of $50.17.

Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. Analysts expect that Newell Brands Inc. will post $3.00 EPS for the current fiscal year.

The business 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 2.12%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s payout ratio is 36.95%.

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A number of research analysts recently commented on NWL shares. BMO Capital Markets set a $51.00 price target on Newell Brands and gave the company a “hold” rating in a research note on Saturday, August 5th. J P Morgan Chase & Co set a $61.00 price target on Newell Brands and gave the company a “buy” rating in a research note on Monday, August 7th. Forward View reaffirmed a “buy” rating and issued a $58.00 price target on shares of Newell Brands in a research note on Monday. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $60.00 target price on shares of Newell Brands in a research note on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $57.36.

In other Newell Brands news, CEO Michael B. Polk purchased 5,000 shares of Newell Brands stock in a transaction dated Wednesday, September 13th. The shares were purchased at an average cost of $43.61 per share, for a total transaction of $218,050.00. Following the completion of the acquisition, the chief executive officer now owns 609,296 shares in the company, valued at approximately $26,571,398.56. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Scott S. Cowen purchased 2,000 shares of Newell Brands stock in a transaction dated Monday, September 11th. The stock was acquired at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the completion of the acquisition, the director now owns 87,883 shares of the company’s stock, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. Insiders bought a total of 7,046 shares of company stock valued at $307,669 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Newell Brands 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.

Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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