SG Americas Securities LLC Raises Stock Position in Newell Brands Inc. (NASDAQ:NWL)

SG Americas Securities LLC grew its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 446.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,735 shares of the company's stock after acquiring an additional 98,637 shares during the period. SG Americas Securities LLC's holdings in Newell Brands were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of NWL. FMR LLC lifted its position in shares of 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 purchasing an additional 10,172,696 shares during the last quarter. Norges Bank acquired a new position in shares of Newell Brands during the 4th quarter worth about $37,174,000. Dimensional Fund Advisors LP increased its holdings in shares of Newell Brands by 21.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock valued at $180,172,000 after acquiring an additional 3,188,718 shares during the last quarter. FIL Ltd raised 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 acquiring an additional 2,986,426 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Newell Brands by 214.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,349,136 shares of the company's stock worth $33,357,000 after purchasing an additional 2,282,949 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup dropped their price target on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group dropped their target price on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Barclays boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wells Fargo & Company cut their target price on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Finally, Truist Financial reduced their target price on Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.53.

Newell Brands Stock Performance

NWL traded down $0.05 on Tuesday, hitting $5.23. 9,564,189 shares of the company traded hands, compared to its average volume of 7,763,090. The company has a 50 day moving average of $5.32 and a 200-day moving average of $7.17. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. The stock has a market capitalization of $2.18 billion, a PE ratio of -8.86 and a beta of 0.97. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations 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. Sell-side analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current 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 issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Friday, May 30th. Newell Brands's dividend payout ratio is presently -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.