Wedmont Private Capital Takes Position in Newell Brands Inc. $NWL

Key Points

• Wedmont Private Capital has acquired a new stake in Newell Brands, purchasing 49,544 shares valued at approximately $290,000 in the second quarter of 2023.
• Newell Brands reported $1.94 billion in revenue for the last quarter, slightly missing analyst expectations, with a net margin of -3.29% and earnings per share consistent with estimates at $0.24.
• The company's recent quarterly dividend of $0.07 reflects an annualized yield of 5.1%, despite a payout ratio of -47.46%.

Wedmont Private Capital bought a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 49,544 shares of the company's stock, valued at approximately $290,000.

Other institutional investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth $33,000. Farther Finance Advisors LLC grew its stake in Newell Brands by 212.6% in the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after acquiring an additional 4,169 shares during the period. Parallel Advisors LLC grew its stake in Newell Brands by 194.3% in the second quarter. Parallel Advisors LLC now owns 8,067 shares of the company's stock valued at $44,000 after acquiring an additional 5,326 shares during the period. NBC Securities Inc. grew its stake in Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock valued at $63,000 after acquiring an additional 10,258 shares during the period. Finally, Vident Advisory LLC acquired a new position in Newell Brands in the first quarter valued at about $66,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Performance

NWL opened at $5.53 on Monday. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week high of $11.78. The firm has a market capitalization of $2.32 billion, a PE ratio of -9.37 and a beta of 0.99. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12. The business's 50-day simple moving average is $5.70 and its 200 day simple moving average is $5.61.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. Newell Brands's 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 expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.07 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.28 annualized dividend and a yield of 5.1%. Newell Brands's dividend payout ratio is currently -47.46%.

Analyst Upgrades and Downgrades

NWL has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price 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. Citigroup boosted their target price on Newell Brands from $5.50 to $6.00 and gave the company a "neutral" rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. decreased their target price on Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. UBS Group boosted their target price on Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Canaccord Genuity Group decreased their target price on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.44.

Insider Transactions at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the company'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 sale, the chief executive officer owned 52,007 shares in the company, valued at $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is owned by corporate insiders.

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.

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