HighPoint Advisor Group LLC Invests $186,000 in Newell Brands Inc (NWL)

HighPoint Advisor Group LLC acquired a new position in Newell Brands Inc (NYSE:NWL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,966 shares of the company’s stock, valued at approximately $186,000.

Several other institutional investors have also recently modified their holdings of NWL. Franklin Resources Inc. raised its position in shares of Newell Brands by 4,814.0% in the third quarter. Franklin Resources Inc. now owns 11,308,700 shares of the company’s stock worth $229,568,000 after acquiring an additional 11,078,567 shares during the period. BlackRock Inc. raised its position in shares of Newell Brands by 10.7% in the third quarter. BlackRock Inc. now owns 41,188,089 shares of the company’s stock worth $836,120,000 after acquiring an additional 3,982,751 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Newell Brands by 2,649.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,077,270 shares of the company’s stock worth $219,000 after purchasing an additional 3,928,960 shares during the last quarter. Millennium Management LLC raised its position in shares of Newell Brands by 268.8% during the 4th quarter. Millennium Management LLC now owns 3,781,478 shares of the company’s stock worth $70,298,000 after purchasing an additional 2,756,081 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Newell Brands by 15.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,040,672 shares of the company’s stock worth $285,027,000 after purchasing an additional 1,906,362 shares during the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.

Several research analysts recently weighed in on NWL shares. Jefferies Financial Group reduced their price target on shares of Newell Brands to $15.00 and set a “hold” rating for the company in a research report on Tuesday, February 19th. Wells Fargo & Co upped their price target on shares of Newell Brands from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Zacks Investment Research downgraded shares of Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Royal Bank of Canada reduced their price target on shares of Newell Brands from $24.00 to $20.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 19th. Finally, Citigroup set a $24.00 price target on shares of Newell Brands and gave the stock a “buy” rating in a research report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.80.

NWL stock traded down $0.01 during mid-day trading on Friday, reaching $15.15. The company’s stock had a trading volume of 7,221,790 shares, compared to its average volume of 6,562,789. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 3.82 and a beta of 0.90. 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 Inc has a fifty-two week low of $14.73 and a fifty-two week high of $28.38.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, February 15th. The company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.30. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.43 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. Newell Brands’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. As a group, equities analysts forecast that Newell Brands Inc will post 1.22 earnings per share for the current year.

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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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