Point72 Asset Management L.P. Takes Position in Newell Brands Inc. (NASDAQ:NWL)

Point72 Asset Management L.P. purchased a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 548,790 shares of the company's stock, valued at approximately $5,466,000. Point72 Asset Management L.P. owned 0.13% of Newell Brands at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Newell Brands by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock valued at $467,053,000 after buying an additional 1,974,823 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Newell Brands by 21.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after purchasing an additional 3,188,718 shares during the period. FMR LLC boosted its position 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 purchasing an additional 10,172,696 shares during the period. Deprince Race & Zollo Inc. boosted its position in shares of Newell Brands by 12.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock worth $127,091,000 after purchasing an additional 1,363,913 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Newell Brands by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 6,938,654 shares of the company's stock worth $69,132,000 after purchasing an additional 303,371 shares during the period. Hedge funds and other institutional investors own 92.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NWL. JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Citigroup lowered their price objective on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research report on Monday, April 14th. UBS Group lowered 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 report on Thursday, May 1st. Barclays increased their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Truist Financial reduced their target price on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.42.

Newell Brands Price Performance

Shares of NWL opened at $5.69 on Tuesday. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78. The firm's fifty day simple moving average is $5.51 and its 200-day simple moving average is $7.84. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -10.94, a PEG ratio of 0.95 and a beta of 0.92. 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 (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Newell Brands's revenue was down 5.3% compared to the same quarter last year. Equities analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.07 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.92%. Newell Brands's payout ratio is -47.46%.

Newell Brands 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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