Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Oak Thistle LLC

Key Points

• Oak Thistle LLC significantly reduced its stake in Newell Brands, selling 143,441 shares and retaining only 12,834 shares, resulting in a total investment valued at $80,000.
• Several institutional investors also modified their positions in Newell Brands, with Allianz Asset Management increasing its holdings by 202.5%, now owning approximately 1.6 million shares worth nearly $9.9 million.
• Newell Brands reported a revenue of $1.57 billion for the recent quarter, slightly exceeding expectations, although its net margin was negative at -3.26%.

Oak Thistle LLC lowered its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 91.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,834 shares of the company's stock after selling 143,441 shares during the period. Oak Thistle LLC's holdings in Newell Brands were worth $80,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NWL. Financial Sense Advisors Inc. acquired a new stake in Newell Brands in the first quarter valued at approximately $10,187,000. AssuredPartners Investment Advisors LLC acquired a new stake in Newell Brands in the fourth quarter valued at approximately $434,000. Norges Bank acquired a new stake in Newell Brands during the 4th quarter valued at $37,174,000. Trexquant Investment LP grew its holdings in Newell Brands by 84.9% during the 4th quarter. Trexquant Investment LP now owns 1,463,392 shares of the company's stock valued at $14,575,000 after purchasing an additional 671,884 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Newell Brands by 121.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock valued at $889,000 after purchasing an additional 78,718 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NWL shares. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Barclays raised their target price on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a research note on Monday, April 28th. Canaccord Genuity Group decreased their price target on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Wells Fargo & Company raised their price target on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.94.

Newell Brands Stock Performance

Newell Brands stock traded down $0.21 during mid-day trading on Tuesday, reaching $5.97. The company's stock had a trading volume of 1,155,452 shares, compared to its average volume of 9,008,174. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -10.11 and a beta of 0.96. The business has a 50 day moving average price of $5.60 and a 200-day moving average price of $6.36. The company has a current ratio of 1.13, a quick ratio of 0.54 and a debt-to-equity ratio of 1.68. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78.

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, beating the consensus estimate of ($0.07) by $0.06. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Newell Brands's revenue for the quarter was down 5.3% compared to the same quarter last year. Sell-side analysts predict that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.07 per share. The ex-dividend date was Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 4.69%. Newell Brands's dividend payout ratio is currently -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.