CM Management LLC Buys Shares of 50,000 Newell Brands Inc. (NASDAQ:NWL)

Key Points

• CM Management LLC acquired 50,000 shares of Newell Brands Inc., valued at approximately $310,000, as part of its new investment strategy in the first quarter.
• Despite recent stock performance, analysts have issued mixed ratings, with price targets ranging from $5.00 to $17.00, indicating varied expectations for the company's growth.
• Newell Brands reported a quarterly earnings per share of $0.24, meeting analyst expectations, but experienced a 4.8% decline in revenue compared to the previous year.

CM Management LLC purchased a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the company's stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Sense Advisors Inc. purchased a new stake in Newell Brands during the first quarter worth approximately $10,187,000. Wealth Enhancement Advisory Services LLC lifted its stake in Newell Brands by 121.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock valued at $889,000 after buying an additional 78,718 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Newell Brands by 2.4% in the first quarter. Principal Financial Group Inc. now owns 2,064,725 shares of the company's stock valued at $12,801,000 after buying an additional 48,904 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Newell Brands by 21.8% in the fourth quarter. Russell Investments Group Ltd. now owns 3,288,610 shares of the company's stock valued at $32,755,000 after buying an additional 588,777 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in Newell Brands by 8,655.2% in the fourth quarter. National Bank of Canada FI now owns 204,871 shares of the company's stock valued at $2,041,000 after buying an additional 202,531 shares during the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the transaction, the chief executive officer directly owned 52,007 shares in the company, valued at $265,755.77. The trade was a 14.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is owned by insiders.

Newell Brands Stock Performance

NASDAQ:NWL traded down $0.05 during midday trading on Friday, reaching $4.88. 5,377,352 shares of the company traded hands, compared to its average volume of 8,045,441. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -8.27 and a beta of 0.96. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57. The company has a fifty day moving average price of $5.55 and a 200 day moving average price of $6.11.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. On average, analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NWL shares. JPMorgan Chase & Co. cut their price target on Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a report on Monday, April 28th. Wells Fargo & Company upped their price objective on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, Barclays upped their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.44.

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.