Wellington Management Group LLP Has $7.32 Million Stock Position in Newell Brands Inc. $NWL

Key Points

• Wellington Management Group LLP increased its stake in Newell Brands Inc. by 204.8% to approximately $7.32 million, owning around 1,180,829 shares.
• CEO Melanie Arlene Huet sold 8,800 shares at $5.11 each, reducing her ownership by 14.47% to hold 52,007 shares valued at approximately $265,756.
• Newell Brands announced a quarterly dividend of $0.07 per share, with a yield of 4.7%, despite reporting a year-over-year revenue decline of 4.8%.

Wellington Management Group LLP lifted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 204.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,180,829 shares of the company's stock after acquiring an additional 793,457 shares during the period. Wellington Management Group LLP owned about 0.28% of Newell Brands worth $7,321,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Financial Sense Advisors Inc. purchased a new position in Newell Brands during the first quarter valued at approximately $10,187,000. Wealth Enhancement Advisory Services LLC grew its position in Newell Brands by 121.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock valued at $889,000 after purchasing an additional 78,718 shares in the last quarter. Russell Investments Group Ltd. grew its position in Newell Brands by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 3,709,248 shares of the company's stock valued at $22,999,000 after purchasing an additional 420,638 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Newell Brands by 2.4% in the first quarter. Principal Financial Group Inc. now owns 2,064,725 shares of the company's stock valued at $12,801,000 after acquiring an additional 48,904 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Newell Brands in the first quarter valued at approximately $620,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group lifted their target price on shares of Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Citigroup reiterated a "neutral" rating and issued a $6.00 target price (up from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their target price on shares of Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Canaccord Genuity Group reduced their price objective on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

Newell Brands Stock Performance

NASDAQ:NWL traded down $0.17 during trading hours on Tuesday, hitting $5.76. 6,348,385 shares of the company traded hands, compared to its average volume of 8,976,423. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -9.77 and a beta of 0.99. 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 50-day moving average of $5.60 and a 200 day moving average of $5.68. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78.

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

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 annualized dividend and a dividend yield of 4.9%. Newell Brands's dividend payout ratio is presently -47.46%.

Insider Buying and Selling at Newell Brands

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were 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 of the company's stock, valued at approximately $265,755.77. This represents a 14.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.71% of the company's stock.

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.