Newell Brands Inc. (NASDAQ:NWL) reached 8.51% versus a 1-year low price of $13.04. The stock was last seen -0.14% lower, reaching at $14.15 on 7/30/2019. At a recent session, the prices were hovering between $14.05 and $14.79. This company shares are 33.22% off its target price of $18.85 and the current market capitalization stands at $5.96B. The recent change has given its price a -4.11% deficit over SMA 50 and -47.67% deficit over its 52-week high. The stock witnessed -8.24% declines, -1.6% declines and -33.03% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NWL’s volatility during a week at 3.22% and during a month it has been found around 2.87%.
What Does Newell Brands Inc. (NWL) Do?
The company describes itself in regulatory filings as, “Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Food and Appliances; Home and Outdoor Living; and Learning and Development. The Food and Appliances segment includes household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products and fresh preserving products. The Home and Outdoor Living segment consists of products for outdoor and outdoor-related activities, home fragrance products and connected home and security. The Learning and Development segment deals with writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; labeling solutions; baby gear and infant care products. The company was founded in 1903 and is headquartered in Hoboken, NJ.” [Text can be found here: https://www.marketwatch.com/investing/stock/NWL/profile under company description.]Newell Brands Inc. (NWL) Top Holders
Institutional investors currently hold around $5.67 billion or 96.7% in NWL stock. Look at its top three institutional owners: Blackrock Inc. owns $638.35 million in Newell Brands Inc., which represents roughly 10.71% of the company’s market cap and approximately 11.26% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 44,311,997 shares of the stock are valued at $627.9 million. The third largest holder is Icahn Carl C, which currently holds $582.66 million worth of this stock and that ownership represents nearly 9.78% of its market capitalization.
At the end of March reporting period, 270 institutional holders increased their position in Newell Brands Inc. (NASDAQ:NWL) by some 36,676,485 shares, 293 decreased positions by 67,153,941 and 83 held positions by 296,244,221. That puts total institutional holdings at 400,074,647 shares, according to SEC filings. The stock grabbed 63 new institutional investments totaling 5,945,681 shares while 83 institutional investors sold out their entire positions totaling 14,081,579 shares.Newell Brands Inc. (NWL) Analyst Guide
Several analysts have released their opinion on Newell Brands Inc. (NASDAQ:NWL), with 2 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.69 average brokerage recommendation [T1].