Macquarie Group Ltd. Lowers Position in Newell Brands Inc. (NWL)

Macquarie Group Ltd. trimmed its position in shares of Newell Brands Inc. (NYSE:NWL) by 10.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 359,226 shares of the company’s stock after selling 42,009 shares during the period. Macquarie Group Ltd. owned approximately 0.07% of Newell Brands worth $19,263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Prudential PLC increased its stake in Newell Brands by 24.1% during the second quarter. Prudential PLC now owns 2,245,600 shares of the company’s stock valued at $120,409,000 after acquiring an additional 435,400 shares during the period. Fieldpoint Private Securities LLC increased its stake in Newell Brands by 680.6% during the second quarter. Fieldpoint Private Securities LLC now owns 23,340 shares of the company’s stock valued at $1,251,000 after acquiring an additional 20,350 shares during the period. Capital Research Global Investors bought a new position in Newell Brands during the second quarter valued at about $24,129,000. Capital World Investors increased its stake in Newell Brands by 2.0% during the second quarter. Capital World Investors now owns 31,195,887 shares of the company’s stock valued at $1,672,723,000 after acquiring an additional 610,973 shares during the period. Finally, Optimum Investment Advisors increased its stake in Newell Brands by 11.3% during the second quarter. Optimum Investment Advisors now owns 8,885 shares of the company’s stock valued at $476,000 after acquiring an additional 902 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Shares of Newell Brands Inc. (NWL) opened at 42.78 on Friday. The company has a market capitalization of $20.97 billion, a price-to-earnings ratio of 17.08 and a beta of 1.15. Newell Brands Inc. has a 1-year low of $40.88 and a 1-year high of $55.08. The stock has a 50 day moving average price of $44.24 and a 200 day moving average price of $49.29.

Newell Brands (NYSE:NWL) last posted its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Analysts forecast that Newell Brands Inc. will post $3.00 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.15%. Newell Brands’s payout ratio is presently 36.95%.

Newell Brands announced that its board has authorized a share repurchase program on Tuesday, September 26th that authorizes the company to buyback $256.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, August 1st. 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. Jefferies Group LLC restated a “buy” rating and set a $65.00 price target (down from $66.00) on shares of Newell Brands in a research note on Monday, August 7th. BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the company a “hold” rating in a research note on Saturday, August 5th. Finally, BidaskClub lowered Newell Brands from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Newell Brands presently has a consensus rating of “Buy” and a consensus price target of $56.31.

In related news, CEO Michael B. Polk bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $43.61 per share, with a total value of $218,050.00. Following the completion of the purchase, 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 legal filing with the SEC, which is available at the SEC website. Also, Director Scott S. Cowen bought 2,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, 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. In the last ninety days, insiders have acquired 7,100 shares of company stock worth $309,715. Insiders own 0.97% of the company’s stock.

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

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