AQR Capital Management LLC Sells 1,661,991 Shares of Newell Brands Inc. (NASDAQ:NWL)

AQR Capital Management LLC decreased its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 44.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,112,751 shares of the company's stock after selling 1,661,991 shares during the period. AQR Capital Management LLC owned 0.51% of Newell Brands worth $21,043,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NWL. Harvest Fund Management Co. Ltd bought a new position in shares of Newell Brands during the fourth quarter valued at $46,000. Smartleaf Asset Management LLC increased its stake in Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after acquiring an additional 4,617 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock valued at $83,000 after acquiring an additional 1,666 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Newell Brands during the fourth quarter worth $101,000. Finally, Seeds Investor LLC bought a new position in shares of Newell Brands during the fourth quarter valued at approximately $105,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Trading Down 0.8 %

NWL traded down $0.04 during mid-day trading on Friday, hitting $5.22. The stock had a trading volume of 6,884,202 shares, compared to its average volume of 7,011,840. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The stock's fifty day simple moving average is $5.60 and its 200-day simple moving average is $7.96. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of -10.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. As a group, research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands's payout ratio is currently -47.46%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NWL. JPMorgan Chase & Co. dropped their price objective on Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Citigroup decreased their price objective on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a report on Monday, April 14th. StockNews.com upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Truist Financial dropped their target price on Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Barclays upped their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Newell Brands currently has an average rating of "Hold" and an average price target of $7.42.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.