Aviance Capital Management LLC Purchases New Stake in Newell Brands Inc (NWL)

Aviance Capital Management LLC purchased a new stake in Newell Brands Inc (NYSE:NWL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,523 shares of the company’s stock, valued at approximately $132,000.

Several other institutional investors have also recently bought and sold shares of the business. American Asset Management Inc. lifted its position in shares of Newell Brands by 18.2% during the 3rd quarter. American Asset Management Inc. now owns 21,730 shares of the company’s stock worth $441,000 after buying an additional 3,350 shares in the last quarter. HGK Asset Management Inc. lifted its position in shares of Newell Brands by 38.4% during the 3rd quarter. HGK Asset Management Inc. now owns 496,669 shares of the company’s stock worth $10,082,000 after buying an additional 137,882 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Newell Brands during the 3rd quarter worth approximately $769,000. Oppenheimer & Co. Inc. lifted its position in shares of Newell Brands by 35.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 114,367 shares of the company’s stock worth $2,322,000 after buying an additional 29,983 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Newell Brands by 11.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 445,539 shares of the company’s stock worth $9,044,000 after buying an additional 45,169 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NWL stock opened at $15.88 on Thursday. The company has a quick ratio of 2.74, a current ratio of 3.17 and a debt-to-equity ratio of 0.66. Newell Brands Inc has a 12-month low of $15.11 and a 12-month high of $41.31. The company has a market cap of $7.39 billion, a PE ratio of 5.77, a P/E/G ratio of 3.60 and a beta of 0.60.



Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Monday, August 6th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. Newell Brands had a net margin of 16.39% and a return on equity of 9.58%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the business posted $0.87 EPS. Newell Brands’s quarterly revenue was down 12.8% compared to the same quarter last year. Equities analysts forecast that Newell Brands Inc will post 0.86 earnings per share for the current fiscal year.

In related news, Director James Craigie purchased 11,500 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was bought at an average price of $21.33 per share, for a total transaction of $245,295.00. Following the purchase, the director now directly owns 14,081 shares in the company, valued at approximately $300,347.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael B. Polk purchased 10,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were bought at an average price of $20.63 per share, with a total value of $206,300.00. Following the purchase, the chief executive officer now owns 941,951 shares in the company, valued at $19,432,449.13. The disclosure for this purchase can be found here. Company insiders own 0.97% of the company’s stock.

NWL has been the topic of several recent analyst reports. Deutsche Bank dropped their target price on shares of Newell Brands to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Citigroup dropped their target price on shares of Newell Brands from $36.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Bank of America dropped their target price on shares of Newell Brands from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 7th. BMO Capital Markets dropped their target price on shares of Newell Brands from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group dropped their target price on shares of Newell Brands from $29.00 to $23.00 and set a “hold” rating on the stock in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $27.81.

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

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