Point72 Asset Management L.P. Invests $5.47 Million in Newell Brands Inc. (NASDAQ:NWL)

Point72 Asset Management L.P. acquired a new stake in shares of 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 acquired 548,790 shares of the company's stock, valued at approximately $5,466,000. Point72 Asset Management L.P. owned about 0.13% of Newell Brands as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Newell Brands by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company's stock valued at $39,761,000 after acquiring an additional 178,028 shares during the last quarter. Amundi lifted its holdings in shares of Newell Brands by 194.4% in the 4th quarter. Amundi now owns 215,597 shares of the company's stock valued at $2,121,000 after acquiring an additional 142,361 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Newell Brands in the 4th quarter valued at about $9,877,000. Empowered Funds LLC lifted its holdings in shares of Newell Brands by 751.9% in the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock valued at $999,000 after acquiring an additional 88,483 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new position in shares of Newell Brands in the 4th quarter valued at about $434,000. Institutional investors own 92.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NWL. Truist Financial lowered their price target on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Wells Fargo & Company decreased their price objective 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. Barclays raised 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. Finally, Canaccord Genuity Group decreased their price objective on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $7.42.

Newell Brands Trading Down 2.8%

Shares of NASDAQ:NWL traded down $0.16 during trading on Friday, reaching $5.48. 9,837,623 shares of the company were exchanged, compared to its average volume of 7,227,928. The firm has a market capitalization of $2.29 billion, a PE ratio of -10.54, a P/E/G ratio of 0.95 and a beta of 0.92. The business's fifty day simple moving average is $5.43 and its 200-day simple moving average is $7.74. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The firm's revenue was down 5.3% on a year-over-year basis. On average, research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Friday, May 30th. 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.