GAMMA Investing LLC Acquires 80,431 Shares of Newell Brands Inc. (NASDAQ:NWL)

GAMMA Investing LLC boosted its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 399.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,589 shares of the company's stock after purchasing an additional 80,431 shares during the quarter. GAMMA Investing LLC's holdings in Newell Brands were worth $624,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NWL. Arizona State Retirement System increased its holdings in shares of Newell Brands by 0.9% in the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock worth $1,202,000 after buying an additional 1,125 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Newell Brands by 12.4% in the 4th quarter. Signaturefd LLC now owns 14,025 shares of the company's stock worth $140,000 after buying an additional 1,550 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Newell Brands by 14.5% in the 4th quarter. Quadrant Capital Group LLC now owns 13,551 shares of the company's stock worth $135,000 after buying an additional 1,713 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Newell Brands by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 41,346 shares of the company's stock worth $412,000 after buying an additional 1,756 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Newell Brands by 10.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 18,149 shares of the company's stock worth $181,000 after buying an additional 1,780 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Trading Down 0.6%

NWL stock traded down $0.03 during mid-day trading on Friday, reaching $5.41. The company had a trading volume of 12,087,948 shares, compared to its average volume of 7,737,780. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.13 and a quick ratio of 0.54. The company has a market capitalization of $2.26 billion, a PE ratio of -9.17 and a beta of 0.97. The firm has a 50 day moving average of $5.32 and a 200 day moving average of $7.20. 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 earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. Newell Brands's quarterly revenue was down 5.3% compared to the same quarter last year. On average, equities analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.07 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 5.18%. Newell Brands's dividend payout ratio is currently -47.46%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NWL. Wall Street Zen upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Truist Financial reduced their target price on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada restated a "sector perform" rating and issued a $9.00 target price on shares of Newell Brands in a report on Monday, April 28th. JPMorgan Chase & Co. upgraded shares of Newell Brands from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $6.00 to $7.00 in a report on Friday, June 13th. Finally, UBS Group cut their price target on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $7.53.

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.