BNP Paribas Financial Markets Has $214,000 Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

BNP Paribas Financial Markets reduced its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 91.4% in the 4th quarter, according to its most recent filing with the SEC. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in Newell Brands in the fourth quarter valued at about $46,000. Smartleaf Asset Management LLC lifted its position in Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock valued at $79,000 after purchasing an additional 4,617 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Newell Brands in the 4th quarter valued at about $101,000. Seeds Investor LLC bought a new position in shares of Newell Brands in the 4th quarter valued at about $105,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Newell Brands during the 4th quarter worth approximately $107,000. Institutional investors own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group dropped their target price on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company cut their price target on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Finally, UBS Group dropped their price objective on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Newell Brands has a consensus rating of "Hold" and a consensus target price of $7.42.

Newell Brands Trading Down 2.2%

Shares of Newell Brands stock traded down $0.12 during trading hours on Friday, hitting $5.33. The company's stock had a trading volume of 14,236,476 shares, compared to its average volume of 7,337,511. The company has a market capitalization of $2.23 billion, a PE ratio of -10.25, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The stock has a 50 day moving average of $5.32 and a 200 day moving average of $7.63. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month high of $11.78.

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 (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Newell Brands's quarterly revenue was down 5.3% compared to the same quarter last year. Analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Friday, May 30th. Newell Brands's dividend payout ratio is -47.46%.

About Newell Brands

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.