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Newell Brands Inc. (NYSE:NWL) Experiences Lighter than Average Trading Volume

23 September 2017

(NYSE:NWL) has been trading recently. Bank of New York Mellon Corp now owns 13,850,876 shares of the company's stock worth $742,686,000 after purchasing an additional 7,331,309 shares during the period. Old Mutual Customised Solutions (Proprietary) Limited owns 0.12% invested in Newell Brands Inc (NYSE:NWL) for 15,400 shares. BlackRock Inc. now owns 29,974,712 shares of the company's stock valued at $1,413,905,000 after buying an additional 29,079,686 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Newell Brands by 28.1% during the second quarter. Based on current valuation, the price target means that analysts expect the stock to move 35.32%. Jennison Associates LLC purchased a new position in Newell Brands during the second quarter worth about $124,839,000. Newell Brands Inc (NYSE:NWL) has risen 11.94% since September 22, 2016 and is uptrending. Finally, Sentry Investments Corp. lifted its holdings in shares of Newell Brands by 75.7% during the first quarter. Sentry Investments Corp. now owns 3,712,271 shares of the company's stock worth $175,108,000 after acquiring an additional 1,599,100 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

TRADEMARK VIOLATION WARNING: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another site, it was copied illegally and republished in violation of U.S. & worldwide trademark & copyright law. Newell Brands Inc. has 490.89 million shares outstanding, and in the last trade has seen ATR around 0.95. These ratios are Earnings Yield, ROIC, Price to Book, and 5 year average ROIC. The stock was purchased at an average price of $43.60 per share, for a total transaction of $87,200.00. The information was declared in a transaction filed with the securities and exchange commission, which is accessible through the Security and Exchange Commission website. The firm has "Buy" rating given on Monday, May 2 by Deutsche Bank. Value ranks companies using four ratios. The disclosure for this purchase can be found here.

Newell Brands Inc is a marketer of consumer and commercial products. (NYSE:NWL) traded -0.73% lower at $41.66.

Capital Guardian Trust Company increased Alibaba Group Holding Ltd Adr (NYSE:BABA) stake by 13,787 shares to 1.03M valued at $144.92M in 2017Q2. The stock has a 50-day moving average price of $48.12 and a 200 day moving average price of $50.04. Newell Brands Inc. dipped to as low as $41.47 throughout the day and has returned -7.1% in this year. The company has market cap of $20.36 billion.

The collective rating of 2 for Newell Brands Inc. The share last price represents downtick move of -23.02% in value from company's 52-Week high price and shows 0.01% above change in value from its 52-Week low price. Last quarter, the company saw 4.05 billion in total revenues. The Capital Guardian Trust Company holds 497,126 shares with $26.66M value, down from 3.17 million last quarter. Gabelli also issued estimates for Newell Brands' FY2021 earnings at $5.05 EPS.

Other equities research analysts have also recently issued reports about the stock. Shareholders of record on Thursday, August 31st were given a dividend of $0.23 per share. More interesting news about Newell Brands Inc (NYSE:NWL) were released by: Thestreet.com and their article: "Toys "R" Us Bankruptcy Wreaks Some Havoc on this Baby Stroller Maker" published on September 21, 2017 as well as Bizjournals.com's news article titled: "Newell Brands to buy Chesapeake Bay Candle for $75M" with publication date: September 07, 2017. Newell Brands's dividend payout ratio is presently 36.95%.

NWL has been the topic of several research reports. RBC Capital Markets maintained Newell Brands Inc (NYSE:NWL) rating on Friday, August 18.

Stating a potential upside of 0.34%, JP Morgan dropped the price target of Newell Rubbermaid Inc.

On September 11 the company was downgraded to "Hold" from "Buy" with a current price target of $49.00 in a report from Jefferies.

NWL's mean recommendation on Reuter's scale improved from 1.78 thirty days ago to 1.94 now, which indicates a buy consensus from the analyst community.

According to Zacks, "Newell Brands has underperformed the industry in the past month, mainly as it trimmed earnings outlook for 2017 due to the after-effects of Hurricane Harvey".