Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 17.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,148,360 shares of the company's stock after purchasing an additional 170,003 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Newell Brands worth $11,438,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NWL. Charles Schwab Investment Management Inc. increased its holdings in Newell Brands by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company's stock valued at $39,761,000 after buying an additional 178,028 shares during the last quarter. Amundi increased 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. acquired a new stake in shares of Newell Brands during the 4th quarter worth about $9,877,000. Empowered Funds LLC boosted its holdings in Newell Brands by 751.9% in the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock valued at $999,000 after purchasing an additional 88,483 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC purchased a new position in Newell Brands in the fourth quarter valued at approximately $434,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Trading Down 1.5%

NWL stock traded down $0.08 on Wednesday, hitting $5.29. 9,091,391 shares of the company were exchanged, compared to its average volume of 7,442,360. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -10.17, a price-to-earnings-growth ratio of 0.95 and a beta of 0.97. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78. The business's fifty day moving average is $5.24 and its two-hundred day moving average is $7.56.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 5.3% on a year-over-year basis. As a group, research analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.29%. Newell Brands's dividend payout ratio (DPR) is presently -47.46%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NWL. 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. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Wells Fargo & Company dropped their price target on 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. Truist Financial lowered their target price on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.42.

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.