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

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Newell Brands by 4.4% in the 4th 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 during the last quarter. Massachusetts Financial Services Co. MA grew its position in Newell Brands by 25.8% in 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 acquiring an additional 4,273,541 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Newell Brands by 21.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after buying an additional 3,188,718 shares in the last quarter. FMR LLC grew its position 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 worth $144,695,000 after buying an additional 10,172,696 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in shares of Newell Brands by 12.0% during the 4th 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. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Performance

Shares of NASDAQ:NWL traded down $0.23 during trading on Wednesday, hitting $5.72. The stock had a trading volume of 8,474,143 shares, compared to its average volume of 6,224,182. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of -9.69 and a beta of 0.96. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68. The stock has a 50-day simple moving average of $5.61 and a two-hundred day simple moving average of $6.35.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The firm's quarterly revenue was down 5.3% on a year-over-year basis. On average, equities research analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

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 dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.90%. The ex-dividend date was Friday, May 30th. Newell Brands's dividend payout ratio is currently -47.46%.

Analyst Upgrades and Downgrades

NWL has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target 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. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Barclays increased their price target on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Citigroup reaffirmed a "neutral" rating and set a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group decreased their price target on Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $7.81.

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.