QSM Asset Management Ltd Buys Shares of 808,450 Newell Brands Inc. (NASDAQ:NWL)

QSM Asset Management Ltd 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 (SEC). The firm acquired 808,450 shares of the company's stock, valued at approximately $8,089,000. Newell Brands accounts for approximately 7.0% of QSM Asset Management Ltd's investment portfolio, making the stock its 2nd biggest holding. QSM Asset Management Ltd owned about 0.19% of Newell Brands at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Newell Brands by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock valued at $467,053,000 after acquiring an additional 1,974,823 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Newell Brands by 21.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock valued at $180,172,000 after purchasing an additional 3,188,718 shares in the last quarter. FMR LLC boosted its stake in shares of 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 during the last quarter. Deprince Race & Zollo Inc. grew its position in shares of Newell Brands by 12.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock worth $127,091,000 after buying an additional 1,363,913 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Newell Brands by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 6,938,654 shares of the company's stock worth $69,132,000 after buying an additional 303,371 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Stock Performance

NASDAQ NWL traded down $0.12 during trading hours on Friday, hitting $5.33. The company had a trading volume of 14,236,476 shares, compared to its average volume of 7,337,511. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The firm has a market cap of $2.23 billion, a P/E ratio of -10.25, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The business has a fifty day simple moving average of $5.32 and a 200-day simple moving average of $7.63.

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 for the quarter, beating the consensus estimate of ($0.07) by $0.06. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The firm's quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Friday, May 30th. Newell Brands's dividend payout ratio (DPR) is -47.46%.

Wall Street Analysts Forecast Growth

NWL has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a research note on Monday, April 28th. Canaccord Genuity Group cut their price objective on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Truist Financial decreased their target price on Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Citigroup dropped their price target on Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Newell Brands has a consensus rating of "Hold" and an average target price of $7.42.

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.