Newell Brands Inc. $NWL Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Newell Brands Inc. by 37.9% during the second quarter, holding 197,721 shares valued at $1.15 million.
• Analysts have mixed ratings for Newell Brands, with price targets ranging from $5.00 to $11.00, and a consensus rating of "Moderate Buy."
• The company declared a quarterly dividend of $0.07 per share, yielding 5.4%, despite a negative payout ratio of -47.46%.

Wealth Enhancement Advisory Services LLC increased its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 37.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,721 shares of the company's stock after buying an additional 54,320 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Newell Brands were worth $1,155,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NWL. Wedmont Private Capital purchased a new stake in shares of Newell Brands during the second quarter valued at $290,000. Pallas Capital Advisors LLC lifted its holdings in shares of Newell Brands by 38.6% during the second quarter. Pallas Capital Advisors LLC now owns 98,641 shares of the company's stock valued at $533,000 after purchasing an additional 27,487 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Newell Brands by 194.3% during the second quarter. Parallel Advisors LLC now owns 8,067 shares of the company's stock valued at $44,000 after purchasing an additional 5,326 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new stake in shares of Newell Brands during the second quarter valued at $58,000. Finally, Kera Capital Partners Inc. acquired a new position in Newell Brands during the second quarter valued at $71,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

NWL has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Canaccord Genuity Group lowered their price objective on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Wells Fargo & Company increased their price objective on Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. UBS Group increased their price objective on Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Citigroup increased their price objective on Newell Brands from $5.50 to $6.00 and gave the company a "neutral" rating in a report on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

Insider Activity at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total transaction of $44,968.00. Following the sale, the chief executive officer owned 52,007 shares in the company, valued at approximately $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.71% of the stock is currently owned by company insiders.

Newell Brands Stock Performance

NWL stock opened at $5.22 on Thursday. The business's 50-day moving average price is $5.63 and its two-hundred day moving average price is $5.55. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The firm has a market cap of $2.19 billion, a PE ratio of -8.85 and a beta of 1.02. 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 posted its earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The company's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. As a group, research analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Friday, August 29th. Newell Brands's 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.

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