ARGA Investment Management LP Sells 1,034,491 Shares of Newell Brands Inc. (NASDAQ:NWL)

ARGA Investment Management LP lessened its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 83.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,677 shares of the company's stock after selling 1,034,491 shares during the period. ARGA Investment Management LP's holdings in Newell Brands were worth $1,250,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Newell Brands in the 4th quarter valued at about $128,000. Smartleaf Asset Management LLC grew its holdings in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock valued at $79,000 after acquiring an additional 4,617 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Newell Brands by 35.3% in the 4th quarter. Jones Financial Companies Lllp now owns 11,311 shares of the company's stock valued at $113,000 after acquiring an additional 2,954 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Newell Brands by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company's stock valued at $39,761,000 after acquiring an additional 178,028 shares in the last quarter. Finally, Keybank National Association OH bought a new position in shares of Newell Brands in the 4th quarter valued at about $174,000. Institutional investors own 92.50% of the company's stock.

Newell Brands Stock Performance

NWL stock remained flat at $5.72 during mid-day trading on Tuesday. 6,507,699 shares of the company's stock traded hands, compared to its average volume of 7,925,205. The business has a fifty day simple moving average of $5.47 and a 200 day simple moving average of $6.80. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68. The firm has a market cap of $2.39 billion, a PE ratio of -9.69 and a beta of 0.96. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78.

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, beating analysts' consensus estimates 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 company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. The firm's 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 year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.90%. Newell Brands's payout ratio is -47.46%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NWL shares. Canaccord Genuity Group decreased their price objective on Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Royal Bank Of Canada restated a "sector perform" rating and issued a $9.00 price objective on shares of Newell Brands in a report on Monday, April 28th. JPMorgan Chase & Co. upgraded Newell Brands from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $6.00 to $7.00 in a report on Friday, June 13th. Citigroup cut their target price on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, UBS Group cut their target price on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Newell Brands currently 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.