Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP raised its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 281.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,800 shares of the company's stock after purchasing an additional 82,500 shares during the quarter. Bayesian Capital Management LP's holdings in Newell Brands were worth $1,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NWL. FMR LLC lifted its position in Newell Brands by 233.6% during the 4th quarter. FMR LLC now owns 14,527,609 shares of the company's stock worth $144,695,000 after acquiring an additional 10,172,696 shares during the period. Hennessy Advisors Inc. acquired a new position in Newell Brands in the 4th quarter valued at about $72,431,000. Norges Bank purchased a new stake in Newell Brands in the fourth quarter valued at $37,174,000. Dimensional Fund Advisors LP lifted its holdings in shares of Newell Brands by 21.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock valued at $180,172,000 after buying an additional 3,188,718 shares during the period. Finally, FIL Ltd increased its position in shares of Newell Brands by 109.2% in the fourth quarter. FIL Ltd now owns 5,720,884 shares of the company's stock valued at $56,980,000 after buying an additional 2,986,426 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

NWL has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a research note on Monday, April 28th. StockNews.com upgraded Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Truist Financial reduced their price objective on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays raised their price target on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Newell Brands currently has an average rating of "Hold" and a consensus target price of $7.42.

Newell Brands Stock Performance

Shares of NASDAQ:NWL traded down $0.04 during midday trading on Friday, hitting $5.22. The company had a trading volume of 6,884,202 shares, compared to its average volume of 7,011,840. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -10.04, a PEG ratio of 0.95 and a beta of 0.92. The company has a fifty day moving average of $5.60 and a two-hundred day moving average of $7.96. 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 (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.54 billion. Newell Brands's revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.07 per share. 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%.

Newell Brands Company Profile

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.