Newell Brands Inc (NYSE:NWL) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.00.
A number of research firms recently issued reports on NWL. Barclays reaffirmed a “hold” rating on shares of Newell Brands in a report on Wednesday, August 7th. Deutsche Bank dropped their price objective on Newell Brands from $18.00 to $16.00 and set a “hold” rating for the company in a report on Monday, August 5th. Zacks Investment Research raised Newell Brands from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Wednesday, November 6th. Morgan Stanley boosted their price objective on Newell Brands from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Consumer Edge cut Newell Brands from an “equal weight” rating to an “underweight” rating in a report on Monday.
Shares of Newell Brands stock traded down $0.20 during trading on Friday, reaching $19.76. The company’s stock had a trading volume of 1,993,295 shares, compared to its average volume of 5,641,454. The stock has a 50-day moving average price of $19.30 and a two-hundred day moving average price of $16.45. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. Newell Brands has a one year low of $13.04 and a one year high of $24.57. The stock has a market capitalization of $8.46 billion, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.66%. Newell Brands’s dividend payout ratio is currently 33.45%.
In other news, Director James Craigie acquired 12,500 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was purchased at an average cost of $20.00 per share, with a total value of $250,000.00. Following the acquisition, the director now owns 28,749 shares of the company’s stock, valued at approximately $574,980. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. raised its holdings in Newell Brands by 18.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 292,619 shares of the company’s stock worth $4,488,000 after purchasing an additional 45,706 shares during the last quarter. Boothe Investment Group Inc. raised its holdings in Newell Brands by 14.3% during the 2nd quarter. Boothe Investment Group Inc. now owns 252,495 shares of the company’s stock worth $3,893,000 after purchasing an additional 31,671 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in Newell Brands during the 2nd quarter worth about $350,000. Trilogy Capital Inc. raised its holdings in Newell Brands by 12.1% during the 2nd quarter. Trilogy Capital Inc. now owns 31,607 shares of the company’s stock worth $472,000 after purchasing an additional 3,420 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in Newell Brands by 15.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 91,538 shares of the company’s stock worth $1,412,000 after purchasing an additional 12,346 shares during the last quarter. Institutional investors own 98.42% of the company’s stock.
About Newell Brands
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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