Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by QSM Asset Management Ltd

QSM Asset Management Ltd raised its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 33.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,078,450 shares of the company's stock after purchasing an additional 270,000 shares during the quarter. Newell Brands accounts for approximately 4.9% of QSM Asset Management Ltd's investment portfolio, making the stock its 13th biggest holding. QSM Asset Management Ltd owned 0.26% of Newell Brands worth $6,579,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its holdings in Newell Brands by 61.6% during the fourth quarter. Sanctuary Advisors LLC now owns 28,124 shares of the company's stock worth $294,000 after buying an additional 10,716 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Newell Brands by 4.8% during the fourth quarter. Handelsbanken Fonder AB now owns 106,200 shares of the company's stock worth $1,058,000 after buying an additional 4,900 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Newell Brands by 36.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,026,323 shares of the company's stock worth $40,102,000 after buying an additional 1,083,921 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Newell Brands by 21.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 18,491 shares of the company's stock worth $184,000 after acquiring an additional 3,248 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Newell Brands during the 4th quarter worth about $128,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Price Performance

NWL stock traded up $0.24 during midday trading on Friday, reaching $5.44. The stock had a trading volume of 13,826,697 shares, compared to its average volume of 7,830,339. The company's fifty day simple moving average is $5.37 and its 200 day simple moving average is $7.05. The company has a current ratio of 1.13, a quick ratio of 0.54 and a debt-to-equity ratio of 1.68. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -9.22 and a beta of 0.97. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.54 billion. The firm's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, sell-side analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Friday, May 30th. Newell Brands's dividend payout ratio (DPR) is presently -47.46%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NWL. Wells Fargo & Company lowered their target price on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Royal Bank Of Canada reiterated a "sector perform" rating and set a $9.00 target price on shares of Newell Brands in a research report on Monday, April 28th. Truist Financial decreased their target price on Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays increased their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, UBS Group decreased their price objective on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Newell Brands currently has an average rating of "Hold" and a consensus price target of $7.53.

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.