Cwm LLC Buys 166,012 Shares of Newell Brands Inc. (NASDAQ:NWL)

CWM LLC grew its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 196.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NWL. FMR LLC increased its position in Newell Brands by 233.6% in 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 during the period. Norges Bank bought a new position in Newell Brands in the 4th quarter worth approximately $37,174,000. Dimensional Fund Advisors LP increased its position in shares of Newell Brands by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock valued at $180,172,000 after purchasing an additional 3,188,718 shares during the period. FIL Ltd increased its position in shares of Newell Brands by 109.2% during the fourth quarter. FIL Ltd now owns 5,720,884 shares of the company's stock valued at $56,980,000 after purchasing an additional 2,986,426 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Newell Brands by 214.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,349,136 shares of the company's stock valued at $33,357,000 after purchasing an additional 2,282,949 shares during the period. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Price Performance

NWL stock traded up $0.26 during trading on Wednesday, hitting $6.37. The company had a trading volume of 7,045,575 shares, compared to its average volume of 7,996,421. The company has a fifty day moving average price of $5.57 and a two-hundred day moving average price of $6.49. The company has a current ratio of 1.13, a quick ratio of 0.54 and a debt-to-equity ratio of 1.68. The company has a market cap of $2.66 billion, a P/E ratio of -10.80 and a beta of 0.96. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week 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 analysts' consensus estimates of ($0.07) by $0.06. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The company's quarterly revenue was down 5.3% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders 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 4.40%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands's dividend payout ratio is currently -47.46%.

Analyst Ratings Changes

NWL has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded Newell Brands from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $6.00 to $7.00 in a research report on Friday, June 13th. Canaccord Genuity Group lowered their price objective on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Barclays boosted their price objective on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Truist Financial lowered their price objective on Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group boosted their price objective on Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Six investment 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 presently has an average rating of "Hold" and an average price target 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.