Today, Penserra Capital Management LLC invests in 1,858 by buying Newell Brands Inc. (NWL) shares

Today, Penserra Capital Management LLC invests in 1,858 by buying Newell Brands Inc. (NWL) shares

Penserra Capital Management LLC boosted its stake in shares of Newell Brands Inc. (NYSE:NWL) by 93.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,844 shares of the company’s stock after buying an additional 1,858 shares during the period. Penserra Capital Management LLC’s holdings in Newell Brands were worth $201,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Gulf International Bank UK Ltd increased its stake in Newell Brands by 65.6% in the second quarter. Gulf International Bank UK Ltd now owns 131,488 shares of the company’s stock valued at $6,386,000 after buying an additional 52,076 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Newell Brands by 73.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 390,122 shares of the company’s stock valued at $18,948,000 after buying an additional 164,579 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in Newell Brands by 81.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 118,212 shares of the company’s stock valued at $5,742,000 after buying an additional 53,155 shares in the last quarter. DNB Asset Management AS increased its stake in Newell Brands by 46.5% in the second quarter. DNB Asset Management AS now owns 50,153 shares of the company’s stock valued at $2,436,000 after buying an additional 15,929 shares in the last quarter. Finally, British Columbia Investment Management Corp increased its stake in Newell Brands by 79.6% in the second quarter. British Columbia Investment Management Corp now owns 271,193 shares of the company’s stock valued at $13,172,000 after buying an additional 120,165 shares in the last quarter. Hedge funds and other institutional investors own 95.22% of the company’s stock.

Newell Brands Inc. (NYSE:NWL) traded up 0.60% during mid-day trading on Friday, reaching $48.46. The company’s stock had a trading volume of 1,143,565 shares. Newell Brands Inc. has a 52 week low of $33.26 and a 52 week high of $55.45. The firm has a 50-day moving average of $49.82 and a 200-day moving average of $50.21. The stock has a market capitalization of $23.38 billion, a price-to-earnings ratio of 47.23 and a beta of 1.03.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, October 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.05. Newell Brands had a return on equity of 14.92% and a net margin of 3.51%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 158.5% compared to the same quarter last year. On average, equities research analysts expect that Newell Brands Inc. will post $2.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, November 28th. Newell Brands’s payout ratio is 86.36%.

Several brokerages have weighed in on NWL. Citigroup Inc. restated a “buy” rating and set a $61.00 price target on shares of Newell Brands in a report on Tuesday, August 2nd. RBC Capital Markets reaffirmed a “buy” rating on shares of Newell Brands in a research report on Monday, August 1st. Zacks Investment Research cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Deutsche Bank AG upped their price objective on Newell Brands from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and set a $60.00 price objective on shares of Newell Brands in a research report on Monday, August 1st. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $58.75.

In other news, CEO Michael B. Polk acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was purchased at an average cost of $47.82 per share, with a total value of $191,280.00. Following the completion of the acquisition, the chief executive officer now directly owns 338,169 shares in the company, valued at $16,171,241.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael B. Polk acquired 7,500 shares of the stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average cost of $49.68 per share, with a total value of $372,600.00. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

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