Newell Brands Inc. $NWL Stock Holdings Increased by Wellington Management Group LLP

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% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,180,829 shares of the company's stock after acquiring an additional 793,457 shares during the quarter. Wellington Management Group LLP owned 0.28% of Newell Brands worth $7,321,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NWL. Castlekeep Investment Advisors LLC acquired a new stake in shares of Newell Brands during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC boosted its position in shares of Newell Brands by 212.6% during the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after buying an additional 4,169 shares during the period. NBC Securities Inc. boosted its position in shares of Newell Brands by 146,542.9% during the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after buying an additional 10,258 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Newell Brands during the first quarter worth approximately $69,000. Finally, MQS Management LLC acquired a new position in shares of Newell Brands during the first quarter worth approximately $89,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Trading Up 7.7%

Shares of Newell Brands stock traded up $0.45 during trading on Wednesday, hitting $6.29. The stock had a trading volume of 11,279,365 shares, compared to its average volume of 6,708,899. The stock has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $5.68. The company has a market capitalization of $2.64 billion, a PE ratio of -10.66 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68. 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 released its earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $1.94 billion for 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 firm's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. 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, research analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, August 29th. Newell Brands's dividend payout ratio is -47.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NWL. Citigroup reiterated a "neutral" rating and set a $6.00 price objective (up from $5.00) on shares of Newell Brands in a research report on Tuesday, July 15th. JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. UBS Group raised their price objective 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. Wells Fargo & Company raised their price objective 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. Finally, Canaccord Genuity Group lowered their price objective on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.44.

Insider Activity

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 52,007 shares of the company's stock, valued at $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by company insiders.

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.