Vanguard Group Inc. Lowers Holdings in Newell Brands Inc. $NWL

Key Points

• Vanguard Group Inc. reduced its stake in Newell Brands Inc. by 1.7% to 11.04%, owning approximately $285.92 million worth of shares after selling 777,610 shares in the first quarter.
• Newell Brands reported $1.94 billion in revenue for the latest quarter, which was slightly below analysts' expectations, and had an EPS of $0.24, matching consensus estimates.
• The company announced a quarterly dividend of $0.07 per share, representing a potential yield of 5.1%, with a payout ratio currently at -47.46%.

Vanguard Group Inc. cut its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,115,272 shares of the company's stock after selling 777,610 shares during the quarter. Vanguard Group Inc. owned about 11.04% of Newell Brands worth $285,915,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Zacks Investment Management increased its holdings in Newell Brands by 9.5% in the 4th quarter. Zacks Investment Management now owns 25,828 shares of the company's stock worth $257,000 after buying an additional 2,234 shares in the last quarter. LPL Financial LLC increased its holdings in Newell Brands by 3.0% in the 4th quarter. LPL Financial LLC now owns 96,294 shares of the company's stock worth $959,000 after buying an additional 2,808 shares in the last quarter. Advisory Services Network LLC increased its holdings in Newell Brands by 16.6% in the 4th quarter. Advisory Services Network LLC now owns 21,163 shares of the company's stock worth $211,000 after buying an additional 3,020 shares in the last quarter. Comerica Bank increased its holdings in Newell Brands by 1.7% in the 4th quarter. Comerica Bank now owns 195,865 shares of the company's stock worth $1,951,000 after buying an additional 3,250 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in Newell Brands in the 4th quarter worth about $33,000. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Performance

Shares of NWL stock traded up $0.28 during trading hours on Friday, reaching $5.77. 5,676,544 shares of the company traded hands, compared to its average volume of 8,788,757. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57. The company has a market cap of $2.42 billion, a P/E ratio of -9.78 and a beta of 0.96. The firm has a 50-day moving average price of $5.55 and a 200 day moving average price of $5.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 8.48% and a negative net margin of 3.29%.The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the previous year, the firm earned $0.36 EPS. The business's quarterly revenue was down 4.8% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, August 29th. Newell Brands's payout ratio is presently -47.46%.

Insider Buying and Selling at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the transaction, the chief executive officer directly owned 52,007 shares of the company's stock, valued at approximately $265,755.77. The trade was a 14.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NWL shares. Wells Fargo & Company boosted their price target on Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Truist Financial cut their price target on Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wall Street Zen upgraded Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 price target on shares of Newell Brands in a research note on Monday, April 28th. Finally, Barclays boosted their price target on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $7.44.

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.