King Luther Capital Management Corp Boosts Position in Newell Brands Inc. (NWL)

Henrietta Strickland
December 6, 2017

The percentage of shares being held by the company management was 0.2% while institutional stake was 97.3%.

Many analysts have provided their estimated foresights on Newell Brands Inc. Harfst & Associates Inc. lifted its position in Newell Brands by 14.4% during the 2nd quarter. Lawson Kroeker Investment Management Inc sold 33,300 shares as the company's stock rose 2.51% with the market.

Incline Global Management Llc, which manages about $222.93 million and $1.23 billion US Long portfolio, decreased its stake in Tesoro Corp (NYSE:TSO) by 384,064 shares to 102,936 shares, valued at $9.64 million in 2017Q2, according to the filing. The Gateway Investment Advisers Llc holds 303,524 shares with $46.08M value, down from 325,260 last quarter. Bank of New York Mellon Corp increased its position in Newell Brands by 112.5% in the 2nd quarter. It also reduced its holding in Servicemaster Global Hldgs I (NYSE:SERV) by 147,376 shares in the quarter, leaving it with 1.38M shares, and cut its stake in Sherwin Williams Co (NYSE:SHW). Insiders purchased 14,100 shares of company stock worth $507,255 over the last 90 days.

For the Current Quarter, the growth estimate for Newell Brands -6.3%, while for the Next Quarter the stock growth estimate is 5.9%. Whittier Trust Co. of Nevada Inc. now owns 4,001 shares of the company's stock valued at $214,000 after acquiring an additional 1,959 shares in the last quarter. Newell Brands Inc. has a twelve month low of $27.45 and a twelve month high of $55.08. (NYSE NWL) traded up $0.30 during mid-day trading on Monday, reaching $31.81. 9,309,000 shares of the company were exchanged, compared to its average volume of 4,766,776.

CAPITAL INTERNATIONAL INVESTORS lowered its stake in Newell Brands Inc. (NYSE:NWL) opened at $31.51 on Friday. The hedge fund run by Jeff Lignelli held 1.16M shares of the plastic products company at the end of 2017Q2, valued at $62.14M, up from 1.03M at the end of the previous reported quarter. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. Aetna Inc. (NYSE:AET) has risen 28.84% since December 4, 2016 and is uptrending. Its up 0.76% from 23.34M shares previously. Newell Brands Inc. has 490.4 million shares outstanding, and in the last trade has seen ATR around 1.2. KeyBanc Capital Markets maintained the shares of NWL in report on Monday, October 16 with "Buy" rating. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

NWL's mean Piotroski F-Score: 4 in the past 7 years. Investors of record on Thursday, November 30th will be paid a $0.23 dividend. (NWL) Ex-Dividend Date Scheduled for November 29, 2017" with publication date: "November 28, 2017. This represents a $0.92 dividend on an annualized basis and a yield of 2.89%. Moreover, Eagle Boston Inv has 0.12% invested in Newell Brands Inc. Following the purchase, the chief executive officer now directly owns 609,296 shares in the company, valued at approximately $26,571,398.56. (NYSE:NWL) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission.

In related news, Director Scott S. Cowen bought 2,000 shares of Newell Brands stock in a transaction that occurred on Monday, September 11th. 13, 2017, the shares were bought at an average price of $43.61, giving away a sum of $218,050. The disclosure for this purchase can be found here. During last 3 month period, 1.94% of total institutional ownership has changed in the company shares. To do this, analysts often use a stock's beta, which measures the stock's volatility relative to the overall market. Finally, Oppenheimer restated a "hold" rating and set a $50.00 price objective on shares of Newell Brands in a research note on Wednesday, September 6th. Citigroup dropped their target price on shares of Newell Brands from $63.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, November 3rd.

NWL has been the topic of several research reports. TheStreet downgraded shares of Newell Brands from a "b-" rating to a "c+" rating in a research report on Tuesday, November 14th.

General Motors Company was covered by a number of analysts recently, 3 rated the stock as Buy, 7 rated Outperform, 6 rated Hold, 0 gave an Underperform and 0 rated sell. Newell Brands now has a consensus rating of "Hold" and an average price target of $49.57.

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Newell Brands Inc is a marketer of consumer and commercial products.

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