Caption Management LLC Takes Position in Newell Brands Inc. (NASDAQ:NWL)

Caption Management LLC acquired a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 206,495 shares of the company's stock, valued at approximately $2,057,000.

Other hedge funds also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Newell Brands in the 4th quarter worth approximately $33,000. Harvest Fund Management Co. Ltd purchased a new position in Newell Brands in the fourth quarter worth $46,000. Smartleaf Asset Management LLC grew its holdings in Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after purchasing an additional 4,617 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Newell Brands during the 4th quarter valued at $101,000. Finally, Seeds Investor LLC acquired a new stake in shares of Newell Brands in the 4th quarter worth $105,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Stock Performance

Shares of NASDAQ NWL traded down $0.04 during trading on Friday, reaching $5.22. 6,884,202 shares of the company traded hands, compared to its average volume of 7,011,840. The stock has a market cap of $2.18 billion, a P/E ratio of -10.04, a PEG ratio of 0.95 and a beta of 0.92. The firm's fifty day simple moving average is $5.60 and its 200 day simple moving average is $7.96. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. 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 announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. The firm's quarterly revenue was down 5.3% on a year-over-year basis. As a group, research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 target price on shares of Newell Brands in a research report on Monday, April 28th. StockNews.com upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Truist Financial lowered their target price 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. JPMorgan Chase & Co. cut their price target 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. Finally, UBS Group lowered their price objective on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.