Ownership Change: Newell Brands (NWL) Holder Dsm Capital Partners LLC Decreased Position by $65.80 Million as Share Price Rose

Ownership Change: Newell Brands (NWL) Holder Dsm Capital Partners LLC Decreased Position by $65.80 Million as Share Price Rose

Dsm Capital Partners Llc decreased its stake in Newell Brands (NWL) by 24.01% based on its latest 2016Q3 regulatory filing with the SEC. Dsm Capital Partners Llc sold 1.27M shares as the company’s stock rose 7.95% with the market. The hedge fund held 4.00 million shares of the plastic products company at the end of 2016Q3, valued at $210.88 million, down from 5.27M at the end of the previous reported quarter. Dsm Capital Partners Llc who had been investing in Newell Brands for a number of months, seems to be less bullish one the $22.63B market cap company. The stock is down 0.18% or $0.09 after the negative news, hitting $46.88 per share. About 3.50 million shares traded hands. Newell Brands Inc (NYSE:NWL) has declined 3.87% since June 7, 2016 and is downtrending. It has underperformed by 11.29% the S&P500.

Dsm Capital Partners Llc, which manages about $5.78B and $6.20B US Long portfolio, upped its stake in Alibaba Group Holding (NYSE:BABA) by 422,551 shares to 4.66 million shares, valued at $492.56 million in 2016Q3, according to the filing. It also increased its holding in Dollar Tree (NASDAQ:DLTR) by 560,008 shares in the quarter, for a total of 1.26M shares, and has risen its stake in Alphabet Cl A.

Dsm Capital Partners Llc is a New York-based hedge fund with more than $5.78 billion AUM in November, 2014. Taken from Dsm Capital Partners latest Adv, the fund reported to have 24 full and part-time employees. Among which 12 performing investment advisory and research functions. The hedge fund had more than 1700 clients.

Insitutional Activity: The institutional sentiment decreased to 1.18 in Q3 2016. Its down 2.17, from 3.35 in 2016Q2. The ratio fall, as 52 funds sold all NWL shares owned while 206 reduced positions. 75 funds bought stakes while 229 increased positions. They now own 435.95 million shares or 50.01% less from 872.10 million shares in 2016Q2. American Century Companies last reported 9.64 million shares in the company. Ibm Retirement Fund reported 44,206 shares or 0.12% of all its holdings. Moreover, Janney Montgomery Scott Ltd has 0.01% invested in Newell Brands Inc (NYSE:NWL) for 12,086 shares. The California-based Bailard has invested 0.36% in Newell Brands Inc (NYSE:NWL). The New York-based Blackrock has invested 0.06% in Newell Brands Inc (NYSE:NWL). Liberty Mutual Asset Mngmt holds 37,148 shares or 0.07% of its portfolio. Amica Mutual Com has invested 0.12% of its portfolio in Newell Brands Inc (NYSE:NWL). Pictet North America Advsrs Sa has 0.15% invested in the company for 11,836 shares. Cetera Advisors Lc last reported 5,284 shares in the company. Comml Bank Pictet Cie (Asia) has 11,404 shares for 0.35% of their US portfolio. Brant Point Invest Management Limited Liability Corporation has 135,000 shares for 0.62% of their US portfolio. Amer International Grp Incorporated Inc reported 216,994 shares or 0% of all its holdings. Lbmc Ltd Llc has invested 0.07% of its portfolio in Newell Brands Inc (NYSE:NWL). Amp Cap has invested 0.09% of its portfolio in Newell Brands Inc (NYSE:NWL). Cornerstone Mngmt Ltd Liability has invested 0.09% of its portfolio in Newell Brands Inc (NYSE:NWL).

Insider Transactions: Since October 31, 2016, the stock had 3 insider purchases, and 0 sales for $1.16 million net activity. Another trade for 4,000 shares valued at $191,280 was made by POLK MICHAEL B on Tuesday, November 1. 12,436 Newell Brands Inc (NYSE:NWL) shares with value of $598,793 were bought by Tarchetti Mark.

Analysts await Newell Brands Inc (NYSE:NWL) to report earnings on February, 3. They expect $0.80 EPS, up 42.86% or $0.24 from last year’s $0.56 per share. NWL’s profit will be $386.10M for 14.65 P/E if the $0.80 EPS becomes a reality. After $0.78 actual EPS reported by Newell Brands Inc for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

More recent Newell Brands Inc (NYSE:NWL) news were published by: Investorplace.com which released: “Best Stocks for 2017: Newell Brands Inc (NWL) Stock Should Unlock Mega-Growth” on December 14, 2016. Also Investorplace.com published the news titled: “Newell Brands Inc (NWL) Stock Pops on Sistema Acquisition” on December 12, 2016. Nasdaq.com‘s news article titled: “Agree To Buy Newell Brands At $28, Earn 4.5% Using Options” with publication date: December 28, 2016 was also an interesting one.

According to Zacks Investment Research, “Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, like Paper Mate, Sharpie, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid, Contigo and many others. The company is based in Atlanta, Georgia and was formerly known as Newell Rubbermaid.”

Newell Brands Inc (NYSE:NWL) Ratings Coverage

Out of 13 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 11 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 85% are positive. Newell Rubbermaid Inc. has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Tuesday, December 15, the company rating was upgraded by Piper Jaffray. Gabelli initiated the shares of NWL in a report on Monday, February 8 with “Buy” rating. Deutsche Bank maintained Newell Brands Inc (NYSE:NWL) on Monday, May 2 with “Buy” rating. Jefferies initiated the stock with “Buy” rating in Monday, September 28 report. The stock of Newell Brands Inc (NYSE:NWL) earned “Outperform” rating by Wells Fargo on Tuesday, November 15. RBC Capital Markets upgraded Newell Brands Inc (NYSE:NWL) on Wednesday, December 16 to “Top Pick” rating. The rating was upgraded by Raymond James to “Strong Buy” on Tuesday, November 8. As per Monday, May 2, the company rating was maintained by UBS. Sterne Agee CRT initiated the shares of NWL in a report on Tuesday, July 21 with “Buy” rating. UBS initiated Newell Brands Inc (NYSE:NWL) rating on Wednesday, August 12. UBS has “Buy” rating and $50 price target.

NWL 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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