Caption Management LLC acquired a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 206,495 shares of the company's stock, valued at approximately $2,057,000.
A number of other large investors also recently bought and sold shares of NWL. Virtu Financial LLC acquired a new position in shares of Newell Brands during the 3rd quarter worth $225,000. World Investment Advisors LLC acquired a new position in shares of Newell Brands during the 3rd quarter worth $326,000. Principal Financial Group Inc. grew its stake in shares of Newell Brands by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock worth $15,050,000 after purchasing an additional 82,337 shares during the period. GAMMA Investing LLC grew its stake in shares of Newell Brands by 34.4% during the 4th quarter. GAMMA Investing LLC now owns 20,158 shares of the company's stock worth $201,000 after purchasing an additional 5,156 shares during the period. Finally, Wedmont Private Capital acquired a new position in shares of Newell Brands during the 4th quarter worth $565,000. Hedge funds and other institutional investors own 92.50% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on NWL shares. StockNews.com raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. JPMorgan Chase & Co. lowered 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. Citigroup lowered their price objective on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group lowered their price objective on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Barclays increased their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7.42.
Get Our Latest Report on Newell Brands
Newell Brands Trading Up 14.8%
NASDAQ:NWL traded up $0.78 on Monday, reaching $6.00. The stock had a trading volume of 5,516,670 shares, compared to its average volume of 7,007,017. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -11.57, a P/E/G ratio of 0.95 and a beta of 0.92. 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 firm's fifty day moving average is $5.60 and its two-hundred day moving average is $7.97. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78.
Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share (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 company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.
Newell Brands Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Friday, May 30th. Newell Brands's payout ratio is currently -47.46%.
Newell Brands Profile
(
Free Report)
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.
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