Financial Sense Advisors Inc. Acquires Shares of 1,643,001 Newell Brands Inc. (NASDAQ:NWL)

Financial Sense Advisors Inc. acquired a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,643,001 shares of the company's stock, valued at approximately $10,187,000. Newell Brands accounts for approximately 2.9% of Financial Sense Advisors Inc.'s holdings, making the stock its 9th biggest holding. Financial Sense Advisors Inc. owned about 0.39% of Newell Brands as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Newell Brands by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock valued at $467,053,000 after buying an additional 1,974,823 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Newell Brands by 25.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock valued at $129,249,000 after buying an additional 4,273,541 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Newell Brands by 21.4% during 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 in the last quarter. FMR LLC grew its holdings in Newell Brands by 233.6% during the 4th quarter. FMR LLC now owns 14,527,609 shares of the company's stock valued at $144,695,000 after buying an additional 10,172,696 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its holdings in Newell Brands by 12.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock valued at $127,091,000 after buying an additional 1,363,913 shares in the last quarter. Institutional investors own 92.50% of the company's stock.

Wall Street Analyst Weigh In

NWL has been the subject of a number of research analyst reports. Truist Financial cut their price objective on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group increased their price objective on shares of Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a report on Thursday, July 17th. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Wells Fargo & Company lifted their price objective on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised Newell Brands from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $6.00 to $7.00 in a research note on Friday, June 13th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Newell Brands currently has an average rating of "Hold" and a consensus target price of $7.83.

Newell Brands Trading Down 3.2%

Shares of NASDAQ NWL traded down $0.21 during trading hours on Thursday, hitting $6.17. 3,605,999 shares of the company traded hands, compared to its average volume of 9,109,296. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -10.45 and a beta of 0.96. The company has a current ratio of 1.13, a quick ratio of 0.54 and a debt-to-equity ratio of 1.68. The company's 50 day moving average price is $5.57 and its 200 day moving average price is $6.49. 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 results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. Newell Brands's quarterly revenue was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 4.54%. Newell Brands's dividend payout ratio is presently -47.46%.

Newell Brands 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.