Newell Brands Inc. (NYSE:NWL) Experiences Light Trading Volume


Newell Brands Inc. shares had a trading volume of 717K on Friday. Volume was down 85.32% under the stocks average daily volume.

Traders are feeling more bearish on the company lately if you pay attention to the change in short interest. The firm realized a rise in short interest between August 15, 2017 and August 31, 2017 of 12.75%. Short interest grew 2,107,633 over that period. With short interest at 18,631,733 and short average daily volume at 3,546,283, days to cover is 5.0 and the percentage of shorted shares is 0.04% as of August 31.

Here is a rundown on some insider market activity for Newell Brands Inc. (NYSE:NWL). Michael B. Polk, CEO bought $218,050 worth of shares at an average price of $43.61 on Wed the 13th. Polk now owns $26,571,399 of stock per an SEC filing yesterday. Director Ian G. H. Ashken disclosed the sale of 511,322 shares of (NWL). The shares were sold on October 2nd for an average price of $0.00. Ashken now owns $0 of the stock according to the SEC filing.

Director Martin E. Franklin sold 2,047,022 shares at an average price of $0.00 on Mon the 2nd. That brings Franklin’s holdings to $0 as recorded in a recent Form 4 SEC filing.

These firms have modified their investment in NWL. Forsta Ap-fonden reduced its holdings by shedding 53,400 shares a decrease of 7.4% as of 06/30/2017. Forsta Ap-fonden currently owns 668,000 shares with a value of $35,818,000. The value of the position overall is up by 5.3%. As of the end of the quarter William Blair Investment Management, LLC had sold a total of 1,088,217 shares trimming its stake by 27.4%. The value of the investment in (NWL) decreased from $187,671,000 to $154,983,000 decreasing 17.4% quarter to quarter.

As of quarter end Exane Derivatives had acquired 40,470 shares growing its holdings by 50,587.5%. The value of the total investment in Newell Brands Inc. went from $3,000 to $2,173,881,000 a change of $2,173,878,000 quarter over quarter. As of quarter end Mcqueen, Ball & Associates Inc. had acquired 183 shares growing its position 2.9%. The value in dollars went from $339,000 to $278,000 a change of 18.0% for the reporting period.

Equity analyst Jefferies lowered the price target and downgraded the stock on September 11 cutting the price target from $51.00 to $49.00 and changing the rating from “Buy” to “Hold”. On September 11 the company was downgraded to “Hold” from “Buy” with a current price target of $49.00 in a statement from Jefferies.

On September 15 Jefferies made no change to the company rating of “Hold” and moved down the price target to $47.00 from $49.00.

In the market the company is trading up from yesterday’s close of 43.8. The company also announced a dividend paid on Thursday the 15th of June 2017. The dividend was $0.230 per share for the quarter or $0.92 on an annualized basis. This dividend represents a yield of $2.13 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Tuesday the 29th of August 2017.

It is currently trading at $43.90 just a bit lower than $44.92, the stock’s 50 day moving average and quite a bit below the 200 day moving average of $49.44. The 50 day moving average moved down $-1.02 and the 200 day average went down by -11.21%.

The P/E ratio is currently 17.53 and the market cap is 21.52B. In the last earnings report the EPS was $2.50 and is expected to be $3.00 for the current year with 490,100,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.87 and the next full year EPS is projected to be $3.36.

Newell Brands Inc., launched on February 23, 1987, is a marketer of consumer and commercial products. The Business’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. The Business’s products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle. As of December 31, 2016, the Company sold its products in 200 countries throughout the world and had operated on the ground in 100 of these countries..