Bailard Inc. Takes $382,000 Position in Newell Brands Inc. (NASDAQ:NWL)

Bailard Inc. purchased a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 61,592 shares of the company's stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in Newell Brands in the 4th quarter valued at about $33,000. Farther Finance Advisors LLC increased its stake in shares of Newell Brands by 212.6% during the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after acquiring an additional 4,169 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Newell Brands during the fourth quarter worth approximately $46,000. NBC Securities Inc. lifted its position in Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after purchasing an additional 10,258 shares during the period. Finally, MQS Management LLC bought a new position in Newell Brands during the 1st quarter valued at $89,000. 92.50% of the stock is owned by institutional investors.

Newell Brands Price Performance

NWL opened at $5.60 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.13 and a quick ratio of 0.54. The stock's 50 day simple moving average is $5.57 and its 200 day simple moving average is $6.54. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -9.49 and a beta of 0.96. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) 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 business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. The company's revenue was down 5.3% compared to the same quarter last year. As a group, analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Friday, May 30th. Newell Brands's dividend payout ratio (DPR) is presently -47.46%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NWL shares. Barclays increased their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. JPMorgan Chase & Co. raised Newell Brands from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $6.00 to $7.00 in a research report on Friday, June 13th. UBS Group increased their target price on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Newell Brands currently has a consensus rating of "Hold" and a consensus price target of $7.83.

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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