Wespac Advisors Socal Lowers stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Wespac Advisors Socal reduced its stake in Newell Rubbermaid by 1.53% during the most recent quarter end. The investment management company now holds a total of 101,402 shares of Newell Rubbermaid which is valued at $5,565,956 after selling 1,574 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Newell Rubbermaid makes up approximately 3.51% of Wespac Advisors Socal’s portfolio.

Other Hedge Funds, Including , Senator Investment Group Lp sold out all of its stake in NWL during the most recent quarter. The investment firm sold 2,370,500 shares of NWL which is valued $130,116,745.Advantus Capital Management Inc reduced its stake in NWL by selling 5,095 shares or 10.17% in the most recent quarter. The Hedge Fund company now holds 45,013 shares of NWL which is valued at $2,470,764. Newell Rubbermaid makes up approx 0.07% of Advantus Capital Management Inc’s portfolio.Connable Office Inc reduced its stake in NWL by selling 274 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 68,822 shares of NWL which is valued at $3,699,183. Newell Rubbermaid makes up approx 0.99% of Connable Office Inc’s portfolio. Rmb Capital Management added NWL to its portfolio by purchasing 5,028 company shares during the most recent quarter which is valued at $269,048. Newell Rubbermaid makes up approx 0.02% of Rmb Capital Management’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in NWL by selling 61,557 shares or 48.91% in the most recent quarter. The Hedge Fund company now holds 64,296 shares of NWL which is valued at $3,440,479. Newell Rubbermaid makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.

Newell Rubbermaid opened for trading at $53.67 and hit $54.2 on the upside on Monday, eventually ending the session at $53.91, with a gain of 0.43% or 0.23 points. The heightened volatility saw the trading volume jump to 18,96,495 shares. Company has a market cap of $25,995 M.

On the company’s financial health, Newell Rubbermaid reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.72. The company had revenue of $3858.90 million for the quarter, compared to analysts expectations of $3722.77 million. The company’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .

Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The Company operates in five segments: Writing which designs manufactures or sources and distributes writing instruments and labeling solutions primarily for use in business and the home; Home Solutions which designs manufactures or sources and distributes a range of consumer products under various brand names; Tools which designs manufactures or sources and distributes hand tools and power tool accessories industrial bandsaw blades tools and industrial-labeling solutions; Commercial Products which designs manufactures or sources and distributes cleaning and refuse products hygiene systems material handling solutions and medical and computer carts and Baby & Parenting which designs and distributes infant and juvenile products. Its products are marketed under a portfolio of various brands including Sharpie Paper Mate Parker Calphalon Irwin Lenox Elmer’s Graco Aprica and Baby Jogger.

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