Voloridge Investment Management LLC Sells 1,754,219 Shares of Newell Brands Inc. (NASDAQ:NWL)

Voloridge Investment Management LLC lowered its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 86.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 281,065 shares of the company's stock after selling 1,754,219 shares during the quarter. Voloridge Investment Management LLC owned about 0.07% of Newell Brands worth $2,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. PFG Investments LLC raised its stake in shares of Newell Brands by 6.6% in the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after buying an additional 981 shares during the period. TriaGen Wealth Management LLC raised its stake in Newell Brands by 1.7% during the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock valued at $583,000 after purchasing an additional 991 shares during the period. Arizona State Retirement System raised its stake in Newell Brands by 0.9% during the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after purchasing an additional 1,125 shares during the period. Optas LLC raised its stake in Newell Brands by 11.8% during the 4th quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after purchasing an additional 1,306 shares during the period. Finally, Signaturefd LLC raised its stake in Newell Brands by 12.4% during the 4th quarter. Signaturefd LLC now owns 14,025 shares of the company's stock valued at $140,000 after purchasing an additional 1,550 shares during the period. Institutional investors own 92.50% of the company's stock.

Newell Brands Trading Down 2.2%

Shares of Newell Brands stock traded down $0.12 on Friday, reaching $5.33. The company had a trading volume of 14,236,476 shares, compared to its average volume of 7,344,594. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -10.25, a P/E/G ratio of 0.95 and a beta of 0.92. 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 firm's 50-day moving average price is $5.32 and its two-hundred day moving average price is $7.61. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The business's revenue for the quarter was down 5.3% on a year-over-year basis. As a group, research analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Friday, May 30th. Newell Brands's payout ratio is currently -47.46%.

Analyst Ratings Changes

Several analysts recently issued reports on NWL shares. Wells Fargo & Company decreased their target price 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. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Canaccord Genuity Group decreased their target price on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. UBS Group reduced their price objective on Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup reduced their price objective on Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Newell Brands currently has an average 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.