AE Wealth Management LLC Raises Position in Newell Brands Inc. (NASDAQ:NWL)

Key Points

• AE Wealth Management LLC increased its stake in Newell Brands by 65.8% during the first quarter, bringing its total holdings to approximately 317,471 shares worth about $1.97 million.
• Newell Brands reported earnings per share (EPS) of ($0.01) for the latest quarter, exceeding analysts' expectations of ($0.07), though revenue fell 5.3% year-over-year.
• The company announced a quarterly dividend of $0.07 per share, reflecting an annualized dividend yield of 4.47%, despite a negative dividend payout ratio.

AE Wealth Management LLC lifted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 65.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 317,471 shares of the company's stock after buying an additional 125,944 shares during the period. AE Wealth Management LLC owned about 0.08% of Newell Brands worth $1,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NWL. Castlekeep Investment Advisors LLC bought a new stake in Newell Brands in the 4th quarter worth about $33,000. Farther Finance Advisors LLC grew its stake in shares of Newell Brands by 212.6% in the first 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 during the period. NBC Securities Inc. raised its holdings in shares of Newell Brands by 146,542.9% during the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock valued at $63,000 after purchasing an additional 10,258 shares during the last quarter. MQS Management LLC bought a new position in Newell Brands during the first quarter valued at approximately $89,000. Finally, Whitegate Investment Counselors Inc. bought a new position in Newell Brands during the first quarter valued at approximately $94,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Stock Performance

Shares of NWL opened at $6.27 on Friday. The business has a 50-day simple moving average of $5.59 and a two-hundred day simple moving average of $6.41. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -10.63 and a beta of 0.96.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. The firm's quarterly revenue was down 5.3% compared to the same quarter last year. On average, analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands's dividend payout ratio (DPR) is -47.46%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $9.00 target price on shares of Newell Brands in a research report on Monday, April 28th. Barclays lifted 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. UBS Group increased their target price on 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 upgraded Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Finally, Truist Financial reduced their price target on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $7.94.

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.

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