Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by Cwm LLC

CWM LLC boosted its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 196.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,386 shares of the company's stock after buying an additional 166,012 shares during the quarter. CWM LLC owned approximately 0.06% of Newell Brands worth $1,552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NWL. Proficio Capital Partners LLC purchased a new stake in shares of Newell Brands in the 4th quarter valued at approximately $128,000. Raymond James Financial Inc. acquired a new position in shares of Newell Brands in the fourth quarter valued at approximately $9,877,000. HighTower Advisors LLC increased its position in Newell Brands by 31.1% during the fourth quarter. HighTower Advisors LLC now owns 56,998 shares of the company's stock worth $568,000 after purchasing an additional 13,510 shares during the last quarter. Swiss National Bank boosted its stake in Newell Brands by 1.0% during the 4th quarter. Swiss National Bank now owns 818,142 shares of the company's stock valued at $8,149,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Newell Brands by 5.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 107,633 shares of the company's stock worth $1,072,000 after buying an additional 5,448 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Up 8.1%

Shares of NWL traded up $0.46 during midday trading on Tuesday, reaching $6.09. 3,827,098 shares of the company were exchanged, compared to its average volume of 7,949,617. The company has a current ratio of 1.13, a quick ratio of 0.54 and a debt-to-equity ratio of 1.68. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The stock has a 50-day moving average price of $5.57 and a 200-day moving average price of $6.52. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -10.31 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 for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands's revenue for the quarter was down 5.3% on a year-over-year basis. Research analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.60%. The ex-dividend date was Friday, May 30th. Newell Brands's dividend payout ratio (DPR) is presently -47.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NWL shares. Barclays increased their price objective on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Truist Financial reduced their price objective on Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised Newell Brands from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $6.00 to $7.00 in a research note on Friday, June 13th. Canaccord Genuity Group dropped their price target on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup restated a "neutral" rating and set a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $7.83.

Newell Brands Company 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.