Massachusetts Financial Services Co. MA Buys 4,273,541 Shares of Newell Brands Inc. (NASDAQ:NWL)

Massachusetts Financial Services Co. MA grew its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 25.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,846,692 shares of the company's stock after buying an additional 4,273,541 shares during the period. Massachusetts Financial Services Co. MA owned approximately 4.99% of Newell Brands worth $129,249,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in Newell Brands by 233.6% during 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 in the last quarter. Norges Bank acquired a new position in shares of Newell Brands during the 4th quarter worth approximately $37,174,000. Dimensional Fund Advisors LP grew its position in shares of Newell Brands by 21.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after purchasing an additional 3,188,718 shares in the last quarter. FIL Ltd grew its position in shares of Newell Brands by 109.2% during the 4th quarter. FIL Ltd now owns 5,720,884 shares of the company's stock worth $56,980,000 after purchasing an additional 2,986,426 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Newell Brands by 214.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,349,136 shares of the company's stock worth $33,357,000 after acquiring an additional 2,282,949 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NWL shares. Barclays increased their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised shares of Newell Brands from a "neutral" rating to an "overweight" rating and raised their price target for the company from $6.00 to $7.00 in a research note on Friday, June 13th. UBS Group raised their price target on shares of Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research note on Thursday. Canaccord Genuity Group lowered 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 note on Thursday, May 1st. Finally, Wells Fargo & Company raised their price target on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.83.

Newell Brands Stock Down 0.7%

Shares of NASDAQ NWL traded down $0.04 during mid-day trading on Friday, reaching $5.60. 4,508,614 shares of the company's stock traded hands, compared to its average volume of 7,941,489. The stock has a market cap of $2.34 billion, a P/E ratio of -9.49 and a beta of 0.96. The business has a 50-day simple moving average of $5.56 and a 200 day simple moving average of $6.60. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. 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 (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. The business had revenue of $1.57 billion for 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, analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands's dividend payout ratio is -47.46%.

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.