Thompson Investment Management Inc. now owns 63,091 shares of the company's stock valued at $2,692,000 after buying an additional 3,578 shares during the last quarter. Newell Brands accounts for 1.3% of King Luther Capital Management Corp's portfolio, making the stock its 25th largest position.
Many analysts have provided their estimated foresights on Newell Brands Inc. (NYSE:NWL), 12 have Buy rating, 0 Sell and 7 Hold. BDO Wealth Advisors LLC bought a new stake in Newell Brands during the 2nd quarter worth about $107,000. Capital World Investors increased its position in Newell Brands by 2.0% in the 2nd quarter. LS Investment Advisors LLC boosted its holdings in shares of Newell Brands by 3.2% in the 2nd quarter. The institutional investor held 133,130 shares of the plastic products company at the end of 2017Q2, valued at $7.14 million, down from 233,725 at the end of the previous reported quarter.
What Historical Figures Say About Newell Brands Inc. US Bancorp DE lifted its holdings in shares of Newell Brands by 1.4% during the 2nd quarter.
The Stock had a 1.71 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.65 and 1.38 respectively. 11, 2017, the great number of shares acquired came courtesy the Director; Cowen Scott S added a total of 2,000 shares at an average price of $43.6, amounting to approximately $87,200. The stock was sold at an average price of $48.34, for a total transaction of $16,435,600.00.
It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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. The shares were acquired at an average price of $43.61 per share, for a total transaction of $218,050.00. Following 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 sale can be found here. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Raymond James downgraded the shares of NWL in report on Friday, November 3 to "Market Perform" rating. Zacks Investment Research cut shares of Newell Brands from a "hold" rating to a "sell" rating in a research report on Tuesday, September 19th. BMO Capital Markets maintained the shares of NWL in report on Monday, November 6 with "Hold" rating. Finally, Morgan Stanley lowered their price objective on shares of Newell Brands from $54.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, November 3rd. Oppenheimer reiterated a "hold" rating and issued a $50.00 price target on shares of Newell Brands in a research note on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company.
Shares of Newell Brands Inc. (NYSE:NWL). Viking Fund Management Lc stated it has 10,000 shares or 0.08% of all its holdings. The volume of NWL witnessed a shift from 9.27 million shares, based on a 50-day average, to 7.48 million shares.
Newell Brands Inc. has a 12-month low of $27.45 and a 12-month high of $55.08. Beta factor was calculated at 1.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Thursday, November 2nd. 14 analysts on average projected earnings of $0.75 per share for the current quarter. Newell Brands Inc. (NYSE:NWL) has risen 11.94% since December 5, 2016 and is uptrending. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. The firm's revenue was down 7.0% compared to the same quarter past year. Newell Rubbermaid Inc. had 51 analyst reports since August 4, 2015 according to SRatingsIntel. This buyback authorization allows the company to buy up to 1.3% of its stock through open market purchases. Bank of New York Mellon Corp now owns 13,850,876 shares of the company's stock valued at $742,686,000 after acquiring an additional 7,331,309 shares in the last quarter. (NWL) Ex-Dividend Date Scheduled for November 29, 2017" published on November 28, 2017 as well as Seekingalpha.com's news article titled: "Newell Brands: "Time To Renew, Appeal Increases" with publication date: "November 10, 2017. This represents a $0.92 annualized dividend and a dividend yield of 2.89%. Moreover, Eagle Boston Inv has 0.12% invested in Newell Brands Inc.
TRADEMARK VIOLATION NOTICE: This news story was reported by TrueBlueTribune and is the property of of TrueBlueTribune.