Newell Brands Inc. $NWL Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 40.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122,742 shares of the company's stock after acquiring an additional 320,770 shares during the period. Bank of America Corp DE owned approximately 0.26% of Newell Brands worth $3,851,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NWL. California State Teachers Retirement System grew its position in Newell Brands by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 384,848 shares of the company's stock valued at $2,078,000 after buying an additional 2,108 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Newell Brands by 2.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 78,967 shares of the company's stock valued at $294,000 after buying an additional 2,171 shares during the period. Osaic Holdings Inc. raised its position in shares of Newell Brands by 19.6% during the 2nd quarter. Osaic Holdings Inc. now owns 14,104 shares of the company's stock worth $76,000 after buying an additional 2,308 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Newell Brands by 14.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,898 shares of the company's stock worth $68,000 after buying an additional 2,456 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Newell Brands by 13.3% in the first quarter. Parallel Advisors LLC now owns 23,881 shares of the company's stock valued at $82,000 after acquiring an additional 2,795 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Insider Transactions at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the transaction, the insider directly owned 433,398 shares of the company's stock, valued at $2,669,731.68. This represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.64% of the company's stock.

Newell Brands Price Performance

NWL opened at $6.17 on Friday. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of -11.64, a PEG ratio of 1.52 and a beta of 0.88. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $7.13. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85. The stock has a fifty day moving average price of $5.66 and a 200 day moving average price of $4.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.22. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. Analysts forecast that Newell Brands Inc. will post 0.76 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.07 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.28 dividend on an annualized basis and a yield of 4.5%. Newell Brands's dividend payout ratio is currently -52.83%.

Analyst Upgrades and Downgrades

NWL has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Newell Brands from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Barclays upped their price objective on Newell Brands from $5.00 to $7.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Citigroup raised their target price on Newell Brands from $5.50 to $6.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $6.00 price target on shares of Newell Brands in a report on Monday, August 3rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Newell Brands from $4.00 to $5.00 and gave the stock a "sector perform" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.66.

About Newell Brands

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company's business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.

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