Jacobs & Co. CA increased its stake in shares of Newell Brands Inc. (NYSE:NWL) by 19.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 94,765 shares of the company’s stock after buying an additional 15,240 shares during the period. Jacobs & Co. CA’s holdings in Newell Brands were worth $5,081,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of NWL. Vanguard Group Inc. raised its stake in shares of Newell Brands by 3.5% in the first quarter. Vanguard Group Inc. now owns 46,571,725 shares of the company’s stock valued at $2,196,788,000 after buying an additional 1,584,954 shares during the last quarter. BlackRock Inc. raised its stake in shares of Newell Brands by 3,249.0% in the first quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock valued at $1,413,905,000 after buying an additional 29,079,686 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Newell Brands by 6.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,876,886 shares of the company’s stock valued at $465,892,000 after buying an additional 563,331 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Newell Brands by 3.6% in the first quarter. Neuberger Berman Group LLC now owns 7,205,042 shares of the company’s stock valued at $339,862,000 after buying an additional 249,524 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Newell Brands by 17.7% in the first quarter. Morgan Stanley now owns 7,090,642 shares of the company’s stock valued at $334,466,000 after buying an additional 1,067,930 shares during the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.
Shares of Newell Brands Inc. (NYSE:NWL) traded down 1.07% during mid-day trading on Tuesday, reaching $50.76. The company’s stock had a trading volume of 4,680,248 shares. The firm has a market cap of $24.52 billion, a PE ratio of 21.54 and a beta of 1.17. Newell Brands Inc. has a one year low of $43.43 and a one year high of $55.45. The firm’s 50 day moving average is $53.09 and its 200 day moving average is $49.90.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter last year, the company posted $0.78 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.
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A number of analysts recently issued reports on the company. UBS AG set a $60.00 price objective on Newell Brands and gave the stock a “buy” rating in a report on Tuesday, May 9th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, July 12th. BidaskClub cut Newell Brands from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Jefferies Group LLC boosted their target price on Newell Brands from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Finally, BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a “hold” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $58.07.
Newell Brands Company 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.
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