Bayesian Capital Management LP Purchases 82,500 Shares of Newell Brands Inc. (NASDAQ:NWL)

Bayesian Capital Management LP lifted 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,800 shares of the company's stock after buying an additional 82,500 shares during the quarter. Bayesian Capital Management LP's holdings in Newell Brands were worth $1,114,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. PFG Investments LLC increased its stake in Newell Brands by 6.6% during the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company's stock valued at $157,000 after acquiring an additional 981 shares during the period. TriaGen Wealth Management LLC grew its holdings in shares of Newell Brands by 1.7% during the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after purchasing an additional 991 shares in the last quarter. Arizona State Retirement System increased its position in shares of Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after purchasing an additional 1,125 shares during the period. Optas LLC raised its stake in shares of Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after purchasing an additional 1,306 shares in the last quarter. Finally, Accurate Wealth Management LLC lifted its position in Newell Brands by 14.8% in the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock worth $116,000 after purchasing an additional 1,531 shares during the period. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Trading Down 0.8 %

Shares of NASDAQ NWL traded down $0.04 during midday trading on Friday, hitting $5.22. The stock had a trading volume of 6,884,202 shares, compared to its average volume of 6,993,169. The firm has a market cap of $2.18 billion, a P/E ratio of -10.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The company's 50-day simple moving average is $5.62 and its 200 day simple moving average is $7.97.

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

Newell Brands Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NWL shares. JPMorgan Chase & Co. dropped their price objective on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company decreased their price objective on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Canaccord Genuity Group cut their target price on Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Barclays upped their price target on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, UBS Group cut their price objective on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.42.

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.