New York State Teachers Retirement System Sells 2,509 Shares of Newell Brands Inc (NYSE:NWL)

New York State Teachers Retirement System decreased its position in Newell Brands Inc (NYSE:NWL) by 0.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 643,147 shares of the company’s stock after selling 2,509 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of Newell Brands worth $9,866,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NWL. Headinvest LLC boosted its stake in Newell Brands by 78.2% during the fourth quarter. Headinvest LLC now owns 81,668 shares of the company’s stock valued at $1,518,000 after buying an additional 35,846 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in Newell Brands by 945.0% during the fourth quarter. AdvisorNet Financial Inc now owns 5,225 shares of the company’s stock valued at $97,000 after buying an additional 4,725 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in Newell Brands by 5.2% during the fourth quarter. State of Tennessee Treasury Department now owns 410,880 shares of the company’s stock valued at $7,638,000 after buying an additional 20,207 shares during the last quarter. Manning & Napier Group LLC boosted its stake in Newell Brands by 3.7% during the fourth quarter. Manning & Napier Group LLC now owns 161,745 shares of the company’s stock valued at $3,006,000 after buying an additional 5,843 shares during the last quarter. Finally, Gryphon Financial Partners LLC bought a new position in Newell Brands during the fourth quarter valued at approximately $229,000. 98.42% of the stock is currently owned by institutional investors.

NWL stock traded down $0.36 during midday trading on Friday, hitting $14.50. The stock had a trading volume of 2,898,843 shares, compared to its average volume of 6,369,350. The stock has a market capitalization of $6.15 billion, a P/E ratio of 5.27, a PEG ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98. Newell Brands Inc has a 12-month low of $13.04 and a 12-month high of $28.00.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the company earned $0.34 EPS. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. Research analysts forecast that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.34%. The ex-dividend date of this dividend is Thursday, May 30th. Newell Brands’s payout ratio is currently 33.45%.

A number of equities analysts recently commented on the company. Zacks Investment Research raised Newell Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Newell Brands in a research note on Thursday, March 14th. Wells Fargo & Co raised their price objective on Newell Brands from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Barclays set a $16.00 price objective on Newell Brands and gave the company a “hold” rating in a research note on Tuesday, February 19th. Finally, Citigroup set a $24.00 price objective on Newell Brands and gave the company a “buy” rating in a research note on Wednesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.80.

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Newell Brands Company Profile

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

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