Jump Financial LLC Takes Position in Newell Brands Inc. $NWL

Key Points

• Jump Financial LLC has acquired 307,570 shares of Newell Brands Inc. during the first quarter, valued at approximately $1.9 million, representing 0.07% ownership of the company.
• Newell Brands recently reported $1.94 billion in revenue for the last quarter, a year-over-year decline of 4.8%, while earnings per share met consensus estimates at $0.24.
• The company declared a quarterly dividend of $0.07 per share, equating to an annual yield of 4.7%, with the dividend payout ratio currently at a negative 47.46%.

Jump Financial LLC purchased a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 307,570 shares of the company's stock, valued at approximately $1,907,000. Jump Financial LLC owned 0.07% of Newell Brands at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in Newell Brands during the 4th quarter worth $33,000. Farther Finance Advisors LLC boosted its stake in shares of Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after acquiring an additional 4,169 shares in the last quarter. NBC Securities Inc. boosted its position in shares of Newell Brands by 146,542.9% in the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after buying an additional 10,258 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Newell Brands during the 1st quarter worth approximately $69,000. Finally, MQS Management LLC purchased a new stake in shares of Newell Brands in the first quarter valued at $89,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NWL. Wells Fargo & Company increased their target price on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Citigroup reaffirmed a "neutral" rating and set a $6.00 price target (up previously from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Canaccord Genuity Group cut their price objective on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Finally, JPMorgan Chase & Co. decreased their target price on Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Newell Brands currently has a consensus rating of "Moderate Buy" and an average price target of $7.44.

Newell Brands Stock Up 1.2%

Newell Brands stock traded up $0.07 during midday trading on Monday, hitting $5.92. The stock had a trading volume of 6,130,651 shares, compared to its average volume of 7,411,763. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The business has a fifty day moving average price of $5.58 and a 200 day moving average price of $5.68. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month high of $11.78. The stock has a market cap of $2.48 billion, a P/E ratio of -10.03 and a beta of 0.99.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, meeting analysts' consensus estimates of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $0.36 EPS. The business's quarterly revenue was down 4.8% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Research analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 4.7%. Newell Brands's dividend payout ratio (DPR) is -47.46%.

Insider Transactions at Newell Brands

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the completion of the transaction, the chief executive officer owned 52,007 shares in the company, valued at approximately $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.71% of the company's stock.

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.