BNP Paribas Financial Markets Decreases Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

BNP Paribas Financial Markets lessened its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 91.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,523 shares of the company's stock after selling 228,199 shares during the period. BNP Paribas Financial Markets' holdings in Newell Brands were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. PFG Investments LLC grew its holdings in shares of Newell Brands by 6.6% during the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock valued at $157,000 after purchasing an additional 981 shares during the last quarter. TriaGen Wealth Management LLC lifted its position in shares of Newell Brands by 1.7% in the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after purchasing an additional 991 shares during the period. Arizona State Retirement System lifted its position in Newell Brands by 0.9% during the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after acquiring an additional 1,125 shares during the period. Optas LLC lifted its position in Newell Brands by 11.8% during the 4th quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after acquiring an additional 1,306 shares during the period. Finally, Signaturefd LLC lifted its position in Newell Brands by 12.4% during the 4th quarter. Signaturefd LLC now owns 14,025 shares of the company's stock valued at $140,000 after acquiring an additional 1,550 shares during the period. Institutional investors own 92.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Truist Financial reduced their price objective on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company dropped their price objective on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Canaccord Genuity Group lowered their price target on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.42.

Newell Brands Price Performance

NWL traded down $0.25 during trading hours on Monday, hitting $5.05. The company's stock had a trading volume of 13,116,103 shares, compared to its average volume of 7,367,539. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month high of $11.78. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -9.71, a P/E/G ratio of 0.95 and a beta of 0.92. The business's 50-day moving average price is $5.29 and its 200-day moving average price is $7.59.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. Sell-side analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 5.54%. The ex-dividend date is Friday, May 30th. Newell Brands's payout ratio is presently -47.46%.

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.