Wellington Management Group LLP Purchases Shares of 387,372 Newell Brands Inc. (NASDAQ:NWL)

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

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Newell Brands by 70.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 64,683 shares of the company's stock worth $644,000 after acquiring an additional 26,688 shares in the last quarter. QSM Asset Management Ltd purchased a new stake in Newell Brands in the fourth quarter worth about $8,089,000. Polar Asset Management Partners Inc. bought a new position in shares of Newell Brands during the fourth quarter valued at approximately $1,942,000. Forum Financial Management LP bought a new position in shares of Newell Brands during the fourth quarter valued at approximately $160,000. Finally, Castlekeep Investment Advisors LLC purchased a new position in shares of Newell Brands during the fourth quarter valued at approximately $33,000. Institutional investors own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NWL. Barclays upped their price target on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company lowered their price target on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. UBS Group cut their price objective on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7.42.

Newell Brands Stock Performance

Shares of NASDAQ:NWL traded up $0.04 during midday trading on Friday, reaching $5.54. 11,757,461 shares of the company's stock traded hands, compared to its average volume of 7,552,720. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. The company has a market cap of $2.31 billion, a price-to-earnings ratio of -10.65, a P/E/G ratio of 0.95 and a beta of 0.97. The stock has a 50 day moving average of $5.22 and a 200 day moving average of $7.49.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.54 billion. The business's quarterly revenue was down 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued 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 yield of 5.05%. Newell Brands's dividend 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.