Wellington Management Group LLP Acquires New Position in Newell Brands Inc. (NASDAQ:NWL)

Wellington Management Group LLP acquired a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 387,372 shares of the company's stock, valued at approximately $3,858,000. Wellington Management Group LLP owned approximately 0.09% of Newell Brands at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Newell Brands by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock valued at $467,053,000 after buying an additional 1,974,823 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Newell Brands by 21.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock valued at $180,172,000 after acquiring an additional 3,188,718 shares during the period. FMR LLC increased its holdings in Newell Brands by 233.6% in the 4th quarter. FMR LLC now owns 14,527,609 shares of the company's stock worth $144,695,000 after acquiring an additional 10,172,696 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in Newell Brands by 12.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock worth $127,091,000 after acquiring an additional 1,363,913 shares during the period. Finally, Geode Capital Management LLC raised its position in Newell Brands by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 6,938,654 shares of the company's stock worth $69,132,000 after acquiring an additional 303,371 shares during the period. Institutional investors and hedge funds own 92.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup reduced 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 report on Monday, April 14th. UBS Group lowered their target price on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Canaccord Genuity Group dropped their target price on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price target on shares of Newell Brands in a research report on Monday, April 28th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Newell Brands has an average rating of "Hold" and a consensus target price of $7.42.

Newell Brands Trading Up 0.7%

Shares of NWL traded up $0.04 during midday trading on Friday, reaching $5.54. The company had a trading volume of 11,757,452 shares, compared to its average volume of 7,509,746. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The firm has a 50 day simple moving average of $5.23 and a 200-day simple moving average of $7.53. The stock has a market cap of $2.31 billion, a PE ratio of -10.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.97.

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

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.05%. Newell Brands's payout ratio is currently -47.46%.

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.