First National Bank & Trust Of Omaha has invested 0.03% of its portfolio in Newell Brands Inc. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Newell Brands accounts for 1.3% of King Luther Capital Management Corp's portfolio, making the stock its 25th largest position. Columbus Circle Investors owned approximately 0.11% of Newell Brands worth $22,109,000 as of its most recent filing with the SEC. The percentage of shares being held by the company management was 0.2% while institutional stake was 97.3%.
Taurus Asset Management Llc decreased its stake in Newell Brands Inc (NWL) by 43.04% based on its latest 2017Q2 regulatory filing with the SEC. Buckingham Capital Management Inc. increased its stake in Newell Brands by 7.5% in the 3rd quarter.
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $15.60B. The third largest holder is Blackrock Inc., which now holds $976.38 million worth of this stock and that ownership represents almost 6.26% of its market capitalization. In the last 90 days, insiders have bought 14,100 shares of company stock worth $507,255.
In other Newell Brands news, Director Scott S. Cowen bought 2,000 shares of the firm's stock in a transaction on Monday, September 11th.
In other Newell Brands news, CEO Michael B. Polk purchased 5,000 shares of the company's stock in a transaction dated Wednesday, September 13th. Following the completion of the sale, the director now owns 4,840,926 shares in the company, valued at $234,010,362.84. The disclosure for this purchase can be found here. Taurus Asset Management Llc sold 100,595 shares as the company's stock rose 13.21% with the market. (NYSE:NWL) earned "Outperform" rating by RBC Capital Markets on Friday, November 3. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.96 average brokerage recommendation. Finally, Raymond James Financial reissued a "market perform" rating on shares of Newell Brands in a research report on Friday, November 3rd. Finally, Jefferies Group LLC set a $61.00 target price on Newell Brands and gave the stock a "buy" rating in a report on Monday, February 6th. CAPITAL INTERNATIONAL INVESTORS owned 3.12% of Newell Brands Inc.
Shares of Newell Brands (NWL) traded down 0.06% on Wednesday, reaching $53.31. 9,309,000 shares of the company were exchanged, compared to its average volume of 4,766,776. Newell Brands has a 12 month low of $43.43 and a 12 month high of $55.45. The company has Beta Value of 1.21 and ATR value of 1.2. The company P/S (price to Sales) ratio is 0.73, P/B (price to Book) ratio is 1.25, while its P/C (price to Cash) ratio stands at 3.76. (NYSE:NWL) news were published by: Seekingalpha.com which released: "Newell Brands: Time To Renew, Appeal Increases" on November 10, 2017, also Realmoney.Thestreet.com with their article: "Still Searching for a Bottom for Newell Brands" published on November 15, 2017, Nasdaq.com published: "Newell Brands (NWL) Fall 27.3% Post Q3 Earnings: Here's Why" on November 28, 2017. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). CGI Group Inc. (NYSE:GIB) has risen 9.32% since December 5, 2016 and is uptrending. Revenue during the quarter was $3.68 billion, representing -7% growth from $3.95 billion in year-ago quarter. This is a positive change from Newell Brands's previous quarterly dividend of $0.19.
Analysts await Newell Brands Inc. J P Morgan Chase & Co decreased their price objective on shares of Newell Brands from $58.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, September 21st. KeyBanc Capital Markets maintained the shares of NWL in report on Monday, October 16 with "Buy" rating. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.
NWL's average Beneish M-Score: -2.44 during the last 7 years. Pinnacle Associate Limited invested in 2,414 shares or 0.01% of the stock. The ex-dividend date is Wednesday, November 29th. Dynamic Solutions Ltd Liability Corporation invested in 2,406 shares or 0.14% of the stock. Newell Brands's dividend payout ratio (DPR) is presently 35.52%.
TRADEMARK VIOLATION WARNING: This piece of content was reported by Week Herald and is the property of of Week Herald. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark law. Newell Brands Inc. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. The SI to Newell Brands Incorporated's float is 4.92%. The Company's segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions.