Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its stake in Newell Brands Inc. by 27.3%, acquiring an additional 282,761 shares to hold a total of 1,319,253 shares valued at approximately $8.18 million.
• Newell Brands reported a quarterly earnings per share (EPS) of $0.24, matching analysts' expectations, while its revenue was slightly below forecast at $1.94 billion.
• The company declared a quarterly dividend of $0.07 per share, with an annualized yield of 5.1%, to be paid on September 15th.

Public Sector Pension Investment Board grew its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,319,253 shares of the company's stock after acquiring an additional 282,761 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Newell Brands worth $8,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in Newell Brands by 25.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock worth $129,249,000 after buying an additional 4,273,541 shares during the period. Dimensional Fund Advisors LP increased its stake in Newell Brands by 21.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after buying an additional 3,188,718 shares during the period. Financial Sense Advisors Inc. purchased a new position in Newell Brands in the 1st quarter worth about $10,187,000. Nuveen LLC purchased a new position in Newell Brands in the 1st quarter worth about $8,545,000. Finally, Deprince Race & Zollo Inc. increased its stake in Newell Brands by 12.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock worth $127,091,000 after buying an additional 1,363,913 shares during the period. Hedge funds and other institutional investors own 92.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on NWL. JPMorgan Chase & Co. reduced their price target on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Barclays raised their price target 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. Royal Bank Of Canada reissued a "sector perform" rating and set a $9.00 target price on shares of Newell Brands in a research report on Monday, April 28th. Wells Fargo & Company raised their target price on shares of Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Citigroup reissued a "neutral" rating and set a $6.00 target price (up previously from $5.00) on shares of Newell Brands in a research report on Tuesday, July 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.44.

Newell Brands Stock Up 1.3%

Shares of NASDAQ:NWL traded up $0.07 during trading on Friday, reaching $5.46. The stock had a trading volume of 7,308,357 shares, compared to its average volume of 8,500,771. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. The company has a market capitalization of $2.29 billion, a P/E ratio of -9.25 and a beta of 0.96. 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's 50-day simple moving average is $5.53 and its 200 day simple moving average is $5.90.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, meeting analysts' consensus estimates of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same period last year, the business earned $0.36 EPS. The company's revenue was down 4.8% compared to the same quarter last year. As a group, research analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, August 29th. Newell Brands's dividend payout ratio (DPR) is currently -47.46%.

Insider Buying and Selling at Newell Brands

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the sale, the chief executive officer directly owned 52,007 shares in the company, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company's stock.

About Newell Brands

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.