Recent Institutional Activity: Altria Group, Inc. (MO), Newell Brands Inc. (NWL)

Alicia Farmer
December 6, 2017

Principal Financial Group Inc. trimmed its holdings in shares of Newell Brands Inc. (NYSE:NWL) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 94.39% of the company's stock. According to the most recent data, Altria Group, Inc. has a 52-week high of $77.79 and a 52-week low of $60.01. (NYSE:NWL) news were published by: which released: "Newell Brands: Time To Renew, Appeal Increases" on November 10, 2017, also with their article: "Newell Brands (NWL) Fall 27.3% Post Q3 Earnings: Here's Why" published on November 28, 2017, published: "Newell Brands Inc". The company's quarterly EPS surprised Wall Street by as much as -7% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Parkside Investments LLC bought a new stake in Newell Brands during the 3rd quarter worth about $107,000. Beta factor was calculated at 1.14. RBC Capital Markets maintained Newell Brands Inc. BlackRock Inc. now owns 30,518,491 shares of the company's stock valued at $1,636,402,000 after acquiring an additional 543,779 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Newell Brands by 14.5% during the 2nd quarter. The firm's revenue was up 148.4% on a year-over-year basis. While in the same Quarter Previous year, the Actual EPS was $0.8. The PEG ratio shows us that, when compare to the beer company, the always-popular tech company doesn't have the growth rate to justify its higher P/E, and its stock price appears overvalued.

Jeff Lignelli increased its stake in Newell Brands Inc (NWL) by 12.07% based on its latest 2017Q2 regulatory filing with the SEC. (NYSE NWL) traded up $0.30 during mid-day trading on Monday, reaching $31.81. The Average Volume of the company is 7.48 Million, while the Volume of the company in the last trading session was 9.27 Billion. Incline Global Management Llc who had been investing in Newell Brands Inc for a number of months, seems to be bullish on the $15.47 billion market cap company. The company P/S (price to Sales) ratio is 0.73, P/B (price to Book) ratio is 1.25, while its P/C (price to Cash) ratio stands at 3.76.

Newell Brands has increased its dividend payment by an average of 8.2% per year over the last three years. Newell Brands Inc. (NYSE:NWL) has risen 11.94% since December 5, 2016 and is uptrending. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the company posted $0.40 earnings per share. The portion of a company's profit allocated to each outstanding share of common stock was -$0.03 a share in the trailing twelve months. This buyback authorization allows the company to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Altria Group, Inc. (MO)
Finally, BidaskClub lowered Altria Group from a "sell" rating to a "strong sell" rating in a research note on Friday, August 25th. LLC now owns 10,656 shares of the company's stock valued at $794,000 after acquiring an additional 256 shares during the period.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Pinnacle Associate Limited invested in 2,414 shares or 0.01% of the stock. (NWL) in trading session dated November 20, 2017. This represents a $0.92 annualized dividend and a yield of 1.72%. BMO Capital Markets maintained Newell Brands Inc. Moreover, Cibc Markets Incorporated has 0.01% invested in Newell Brands Inc. The shares were bought at an average price of $43.61 per share, for a total transaction of $218,050.00. Following the completion of the sale, the director now owns 4,840,926 shares in the company, valued at $234,010,362.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The shares were purchased at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the acquisition, the chief executive officer now directly owns 609,296 shares in the company, valued at $26,571,398.56. The disclosure for this purchase can be found here.

Several research firms have weighed in on NWL. BMO Capital Markets set a $51.00 price target on shares of Newell Brands and gave the company a "hold" rating in a research note on Saturday, August 5th. The fund owned 441,339 shares of the company's stock after buying an additional 28,520 shares during the period. Jefferies maintained it with "Hold" rating and $185 target in Wednesday, November 1 report. J P Morgan Chase & Co decreased their price objective on shares of Newell Brands from $58.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, September 21st. (NYSE:NWL) earned "Outperform" rating by RBC Capital Markets on Friday, November 3.

Among 23 analysts covering Aetna (NYSE:AET), 10 have Buy rating, 0 Sell and 13 Hold. (NYSE:NWL), 12 have Buy rating, 0 Sell and 7 Hold.

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