Savoir Faire Capital Management L.P. Sells 145,802 Shares of Newell Brands Inc. (NASDAQ:NWL)

Savoir Faire Capital Management L.P. trimmed its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 50.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,408 shares of the company's stock after selling 145,802 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Newell Brands were worth $883,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Newell Brands in the fourth quarter valued at approximately $33,000. Farther Finance Advisors LLC increased its holdings in Newell Brands by 212.6% during the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after buying an additional 4,169 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Newell Brands during the fourth quarter worth $46,000. NBC Securities Inc. increased its holdings in Newell Brands by 146,542.9% during the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after buying an additional 10,258 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Newell Brands during the first quarter worth $89,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Performance

Shares of Newell Brands stock traded down $0.04 during trading hours on Friday, hitting $5.60. 4,574,162 shares of the company's stock traded hands, compared to its average volume of 7,975,824. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of -9.49 and a beta of 0.96. The company has a fifty day simple moving average of $5.57 and a 200-day simple moving average of $6.54. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.13 and a quick ratio of 0.54.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The business's revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.28 annualized dividend and a dividend yield of 5.00%. Newell Brands's dividend payout ratio (DPR) is presently -47.46%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a research report on Monday, April 28th. Barclays lifted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Finally, JPMorgan Chase & Co. raised shares of Newell Brands from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $6.00 to $7.00 in a research report on Friday, June 13th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $7.83.

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.