QSM Asset Management Ltd Has $6.58 Million Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

QSM Asset Management Ltd lifted its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 33.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,078,450 shares of the company's stock after purchasing an additional 270,000 shares during the period. Newell Brands makes up about 4.9% of QSM Asset Management Ltd's holdings, making the stock its 13th biggest position. QSM Asset Management Ltd owned 0.26% of Newell Brands worth $6,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System grew its position in Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after purchasing an additional 1,125 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Newell Brands by 12.4% during the fourth quarter. Signaturefd LLC now owns 14,025 shares of the company's stock worth $140,000 after buying an additional 1,550 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Newell Brands by 14.5% in the 4th quarter. Quadrant Capital Group LLC now owns 13,551 shares of the company's stock valued at $135,000 after purchasing an additional 1,713 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Newell Brands by 10.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 18,149 shares of the company's stock valued at $181,000 after buying an additional 1,780 shares during the period. Finally, Argent Trust Co grew its holdings in shares of Newell Brands by 9.3% during the 4th quarter. Argent Trust Co now owns 23,447 shares of the company's stock worth $234,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Stock Up 4.1%

NASDAQ NWL traded up $0.22 during trading hours on Tuesday, reaching $5.62. 11,129,814 shares of the company's stock were exchanged, compared to its average volume of 7,841,787. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.54 and a current ratio of 1.13. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of -9.53 and a beta of 0.97. The company's 50-day moving average is $5.39 and its two-hundred day moving average is $6.95. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78.

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, topping the consensus estimate of ($0.07) by $0.06. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. The company's quarterly revenue was down 5.3% compared to the same quarter last year. On average, 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 was paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 4.98%. Newell Brands's dividend payout ratio is currently -47.46%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NWL shares. Barclays upped their target price on shares of 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 reaffirmed a "sector perform" rating and issued a $9.00 price target on shares of Newell Brands in a report on Monday, April 28th. Citigroup reduced their price objective on Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group lowered 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, UBS Group dropped their price objective on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Newell Brands presently has a consensus rating of "Hold" and a consensus price target of $7.53.

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.