Wealth Enhancement Advisory Services LLC Purchases 78,718 Shares of Newell Brands Inc. (NASDAQ:NWL)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 121.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,401 shares of the company's stock after acquiring an additional 78,718 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Newell Brands were worth $889,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Newell Brands by 4.7% in the 4th 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 period. Amundi boosted its holdings in Newell Brands by 194.4% in the fourth quarter. Amundi now owns 215,597 shares of the company's stock worth $2,121,000 after acquiring an additional 142,361 shares in the last quarter. Raymond James Financial Inc. bought a new position in Newell Brands in the fourth quarter worth approximately $9,877,000. AssuredPartners Investment Advisors LLC acquired a new stake in Newell Brands in the fourth quarter valued at approximately $434,000. Finally, Norges Bank bought a new stake in shares of Newell Brands during the fourth quarter valued at approximately $37,174,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Up 0.2%

NWL stock traded up $0.01 during mid-day trading on Friday, reaching $5.93. 5,482,313 shares of the company traded hands, compared to its average volume of 7,916,969. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -10.05 and a beta of 0.96. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The firm's 50 day moving average price is $5.46 and its 200 day moving average price is $6.85.

Newell Brands (NASDAQ:NWL - Get Free Report) last released 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 business 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 company's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts predict that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given 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 4.72%. Newell Brands's dividend payout ratio is currently -47.46%.

Wall Street Analyst Weigh In

NWL has been the topic of a number of recent research reports. Canaccord Genuity Group cut their target price on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. 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. Wells Fargo & Company decreased their price target on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. upgraded shares of Newell Brands from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $6.00 to $7.00 in a research note on Friday, June 13th. Finally, Citigroup decreased their price target on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.53.

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.