The Parametric Portfolio Associates LLC Sells 102,136 Shares of Newell Brands Inc (NWL)

The Parametric Portfolio Associates LLC Sells 102,136 Shares of Newell Brands Inc (NWL)

Several other hedge funds have also recently bought and sold shares of NWL. State Street Corp increased its position in Newell Brands by 5.1% in the fourth quarter. State Street Corp now owns 22,868,748 shares of the company’s stock worth $1,021,092,000 after buying an additional 1,116,005 shares during the last quarter. JPMorgan Chase & Co. increased its position in Newell Brands by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 13,288,502 shares of the company’s stock worth $700,222,000 after buying an additional 3,225,216 shares during the last quarter. Fred Alger Management Inc. increased its position in Newell Brands by 15.9% in the fourth quarter. Fred Alger Management Inc. now owns 7,414,985 shares of the company’s stock worth $331,079,000 after buying an additional 1,020,000 shares during the last quarter. Bank of New York Mellon Corp increased its position in Newell Brands by 43.2% in the first quarter. Bank of New York Mellon Corp now owns 6,519,567 shares of the company’s stock worth $307,528,000 after buying an additional 1,965,483 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Newell Brands by 12.6% in the first quarter. Ameriprise Financial Inc. now owns 6,086,522 shares of the company’s stock worth $287,348,000 after buying an additional 681,435 shares during the last quarter. Institutional investors own 93.22% of the company’s stock.

Parametric Portfolio Associates LLC decreased its position in Newell Brands Inc (NYSE:NWL) by 12.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 721,142 shares of the company’s stock after selling 102,136 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.15% of Newell Brands worth $34,016,000 as of its most recent SEC filing.

Shares of Newell Brands Inc (NWL) traded up 0.64% on Friday, hitting $53.35. 2,809,363 shares of the stock traded hands. The stock has a 50 day moving average of $50.28 and a 200 day moving average of $47.82. Newell Brands Inc has a one year low of $43.43 and a one year high of $55.45. The company has a market cap of $25.77 billion, a PE ratio of 22.64 and a beta of 0.94.

Newell Brands (NYSE:NWL) last issued its earnings results on Monday, May 8th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Newell Brands had a net margin of 3.98% and a return on equity of 13.59%. The company’s quarterly revenue was up 148.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. Equities analysts anticipate that Newell Brands Inc will post $3.11 earnings per share for the current year. The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.72%. This is a boost from Newell Brands’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, May 26th. Newell Brands’s dividend payout ratio is 64.96%.

Newell Brands (NYSE:NWL) last issued its earnings results on Monday, May 8th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Newell Brands had a net margin of 3.98% and a return on equity of 13.59%. The company’s quarterly revenue was up 148.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. Equities analysts anticipate that Newell Brands Inc will post $3.11 earnings per share for the current year. A number of equities analysts recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $61.00 price target on shares of Newell Brands in a research note on Monday, February 27th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Newell Brands in a research note on Saturday, April 22nd. Barclays PLC set a $60.00 target price on shares of Newell Brands and gave the company a “buy” rating in a research note on Saturday, February 18th. Zacks Investment Research downgraded shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Finally, JPMorgan Chase & Co. started coverage on shares of Newell Brands in a research note on Tuesday, March 21st. They set an “overweight” rating and a $63.00 target price for the company. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $57.93.

In other Newell Brands news, Director Thomas E. Clarke sold 5,353 shares of Newell Brands stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total transaction of $280,978.97. Following the completion of the sale, the director now directly owns 66,286 shares in the company, valued at $3,479,352.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martin E. Franklin sold 340,000 shares of Newell Brands stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.34, for a total transaction of $16,435,600.00. Following the sale, the director now owns 4,840,926 shares of the company’s stock, valued at $234,010,362.84. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NWL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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