Vanguard Group Inc. Reduces 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. decreased its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 approximately 11.04% of Newell Brands worth $285,915,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC raised its position in shares of 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 acquiring an additional 2,808 shares in the last quarter. Cerity Partners LLC increased its holdings in Newell Brands by 6.1% during the 4th quarter. Cerity Partners LLC now owns 97,350 shares of the company's stock worth $933,000 after purchasing an additional 5,627 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Newell Brands by 16.6% in the fourth quarter. Advisory Services Network LLC now owns 21,163 shares of the company's stock valued at $211,000 after acquiring an additional 3,020 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of Newell Brands in the fourth quarter valued at approximately $161,000. Finally, Bridgewater Associates LP lifted its stake in Newell Brands by 374.1% in the fourth quarter. Bridgewater Associates LP now owns 66,405 shares of the company's stock valued at $661,000 after purchasing an additional 52,397 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NWL shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a research note on Monday, April 28th. Wells Fargo & Company raised their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Truist Financial reduced their price target on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Canaccord Genuity Group reduced their price target on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Finally, Barclays lifted their target price 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. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $7.44.

Newell Brands Stock Performance

NASDAQ:NWL traded down $0.0750 during trading hours on Thursday, reaching $5.4950. The company had a trading volume of 2,466,401 shares, compared to its average volume of 9,068,113. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The firm's 50 day moving average price is $5.53 and its 200-day moving average price is $5.84. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -9.33 and a beta of 0.96.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. On average, analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.1%. Newell Brands's dividend payout ratio (DPR) is currently -47.46%.

Insider Activity

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the transaction, the chief executive officer owned 52,007 shares of the company's stock, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.71% of the company's stock.

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.