Citigroup Discloses Large Increase in Ownership of Newell Brands Stock

According to a recent Form 13F filing submitted to the SEC, Citigroup Inc. disclosed a noteworthy and bullish investment in NWL stock. Here’s what you need to know about Sharpie-maker Newell Brands Inc., as well as Citigroup Inc and their long position in shares of NWL stock:

About Citigroup Inc.

Citigroup Inc. (NYSE: C) is an American multinational investment banking and financial services corporation headquartered in New York City. From checking and savings accounts to highly complex cross-border investment banking transactions, Citigroup’s operations span across all major facets of the financial world.

About Newell Brands Inc. (NWL)

Newell Brands Inc. designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands. The Home Appliances segment offers kitchen appliances under the Crock-Pot, Mr. Coffee, Oster, and Sunbeam brands. The Home Solutions segment provides food and home storage; fresh preserving; vacuum sealing; and gourmet cookware, bakeware, cutlery, and home fragrance products under the Ball, Calphalon, Chesapeake Bay Candle, FoodSaver, Rubbermaid, Sistema, WoodWick, and Yankee Candle brands. The Learning and Development segment offers writing instruments, including markers and highlighters, pens, and pencils; art products; activity-based adhesive and cutting products; labeling solutions; and baby gear and infant care products under the Aprica, Baby Jogger, Graco, NUK, Tigex, Dymo, Elmer’s, EXPO, Graco, Mr. Sketch, NUK, Paper Mate, Parker, Prismacolor, Sharpie, Waterman, and X-Acto brands. The Outdoor and Recreation segment provides outdoor and outdoor-related products under the Campingaz, Coleman, Contigo, ExOfficio, and Marmot brands. It serves warehouse clubs, department and drug/grocery stores, mass merchants, home centers, office superstores and supply stores, contract stationers, and distributors, e-commerce, sporting goods, specialty, and travel retailers. The company was formerly known as Newell Rubbermaid Inc. and changed its name to Newell Brands Inc. in April 2016. Newell Brands Inc. was founded in 1903 and is based in Atlanta, Georgia.

Citigroup Buys More Stock in NWL

According to the most recent 13F filed by Citigroup, the firm added 235,973 shares of NWL stock to it holdings in the recent quarter. That brings their total long position in Newell Brands Inc. to 553,127 shares, out of the 413,599,987 total NWL shares outstanding. Based on the most recent closing price of $12.58 per share of NWL, the entire Citigroup position in NWL stock is worth roughly $6,958,337.66.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Citigroup Inc. Also be sure to check out more recent 13F filing analysis news here.