Financial Sense Advisors Inc. Takes Position in Newell Brands Inc. (NASDAQ:NWL)

Financial Sense Advisors Inc. acquired a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,643,001 shares of the company's stock, valued at approximately $10,187,000. Newell Brands comprises approximately 2.9% of Financial Sense Advisors Inc.'s portfolio, making the stock its 9th biggest position. Financial Sense Advisors Inc. owned approximately 0.39% of Newell Brands as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. AssuredPartners Investment Advisors LLC bought a new position in Newell Brands in the 4th quarter valued at $434,000. Norges Bank bought a new position in Newell Brands in the 4th quarter valued at $37,174,000. Trexquant Investment LP grew its position in Newell Brands by 84.9% in the 4th quarter. Trexquant Investment LP now owns 1,463,392 shares of the company's stock valued at $14,575,000 after acquiring an additional 671,884 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Newell Brands by 121.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock valued at $889,000 after acquiring an additional 78,718 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Newell Brands by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 2,064,725 shares of the company's stock valued at $12,801,000 after acquiring an additional 48,904 shares during the last quarter. Institutional investors own 92.50% of the company's stock.

Newell Brands Stock Down 3.2%

Newell Brands stock traded down $0.21 during midday trading on Thursday, reaching $6.17. The company's stock had a trading volume of 3,605,999 shares, compared to its average volume of 9,109,296. The stock's 50-day simple moving average is $5.57 and its 200-day simple moving average is $6.49. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.13 and a quick ratio of 0.54. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week high of $11.78. The stock has a market capitalization of $2.58 billion, a P/E ratio of -10.45 and a beta of 0.96.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating 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 company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently declared 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 4.54%. The ex-dividend date was Friday, May 30th. Newell Brands's dividend payout ratio (DPR) is presently -47.46%.

Wall Street Analyst Weigh In

Several brokerages have commented on NWL. Citigroup reaffirmed a "neutral" rating and issued a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a research report on Tuesday, July 15th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $9.00 target price on shares of Newell Brands in a report on Monday, April 28th. Barclays upped their target price on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wells Fargo & Company upped their target price on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upgraded Newell Brands from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $6.00 to $7.00 in a report on Friday, June 13th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Newell Brands currently has an average 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.