SG Americas Securities LLC boosted its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 446.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,735 shares of the company's stock after buying an additional 98,637 shares during the quarter. SG Americas Securities LLC's holdings in Newell Brands were worth $749,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its stake 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 acquiring an additional 10,172,696 shares in the last quarter. Norges Bank purchased a new stake in shares of Newell Brands during the fourth quarter valued at $37,174,000. Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 3,188,718 shares during the period. FIL Ltd boosted its position in shares of Newell Brands by 109.2% in the 4th quarter. FIL Ltd now owns 5,720,884 shares of the company's stock valued at $56,980,000 after purchasing an additional 2,986,426 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Newell Brands by 214.1% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.
Newell Brands Stock Down 2.4%
Shares of NASDAQ:NWL traded down $0.13 during trading on Monday, reaching $5.28. 12,250,472 shares of the company traded hands, compared to its average volume of 7,755,832. The firm has a fifty day simple moving average of $5.32 and a 200 day simple moving average of $7.20. 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 Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The firm has a market cap of $2.21 billion, a P/E ratio of -8.95 and a beta of 0.97.
Newell Brands (NASDAQ:NWL - Get Free Report) last issued its 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. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. Newell Brands's revenue was down 5.3% on a year-over-year basis. Analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.
Newell Brands Dividend Announcement
The firm also recently announced 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 5.30%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands's dividend payout ratio is -47.46%.
Analysts Set New Price Targets
NWL has been the topic of several analyst reports. Truist Financial dropped their target price on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. UBS Group decreased their price objective 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. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Canaccord Genuity Group reduced their target price on Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Wells Fargo & Company lowered their price target on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.53.
View Our Latest Stock Report on NWL
Newell Brands Company Profile
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Free Report)
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.
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