Two Sigma Investments LP Has $7.13 Million Holdings in Newell Brands Inc. (NASDAQ:NWL)

Two Sigma Investments LP lessened its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 715,964 shares of the company's stock after selling 164,651 shares during the period. Two Sigma Investments LP owned 0.17% of Newell Brands worth $7,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Merit Financial Group LLC acquired a new position in Newell Brands during the 4th quarter valued at about $138,000. SG Americas Securities LLC acquired a new position in shares of Newell Brands during the fourth quarter valued at approximately $220,000. PFG Investments LLC raised its holdings in Newell Brands by 6.6% during the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after purchasing an additional 981 shares in the last quarter. KBC Group NV raised its holdings in Newell Brands by 27.7% during the fourth quarter. KBC Group NV now owns 32,344 shares of the company's stock worth $322,000 after purchasing an additional 7,017 shares in the last quarter. Finally, TriaGen Wealth Management LLC lifted its position in Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after purchasing an additional 991 shares during the period. Institutional investors own 92.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Barclays lifted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Wells Fargo & Company cut their target price on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.42.

Newell Brands Stock Down 0.3%

NASDAQ NWL traded down $0.01 during trading on Friday, reaching $5.37. 1,660,148 shares of the company's stock were exchanged, compared to its average volume of 7,271,854. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The company's fifty day simple moving average is $5.34 and its 200-day simple moving average is $7.66. The firm has a market capitalization of $2.24 billion, a PE ratio of -10.36, a P/E/G ratio of 0.95 and a beta of 0.92.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.06. The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. Newell Brands's quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 annualized dividend and a dividend yield of 5.22%. Newell Brands's dividend payout ratio is -47.46%.

About Newell Brands

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.