JPMorgan Chase & Co. Purchases 99,871 Shares of Newell Brands Inc. (NASDAQ:NWL)

JPMorgan Chase & Co. boosted its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 679,491 shares of the company's stock after acquiring an additional 99,871 shares during the quarter. JPMorgan Chase & Co. owned about 0.16% of Newell Brands worth $6,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Newell Brands in the 4th quarter worth $46,000. Smartleaf Asset Management LLC boosted its position in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock valued at $79,000 after purchasing an additional 4,617 shares during the period. Versant Capital Management Inc increased its stake in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock worth $83,000 after purchasing an additional 1,666 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Newell Brands during the 4th quarter worth about $101,000. Finally, Parametrica Management Ltd purchased a new stake in Newell Brands during the fourth quarter valued at about $107,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NWL shares. Barclays lifted their target price on shares of Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Canaccord Genuity Group lowered their price objective on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. UBS Group reduced their target price on Newell Brands from $8.00 to $5.50 and set a "neutral" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company dropped their price target on Newell Brands from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup decreased their price objective on Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $9.14.

Newell Brands Stock Up 3.7 %

NASDAQ:NWL traded up $0.17 during mid-day trading on Tuesday, reaching $4.72. The stock had a trading volume of 7,724,205 shares, compared to its average volume of 6,716,052. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The stock has a market cap of $1.97 billion, a P/E ratio of -9.08, a PEG ratio of 0.95 and a beta of 0.84. The business's 50 day moving average is $6.01 and its 200 day moving average is $8.18. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the prior year, the company posted $0.22 EPS. As a group, sell-side analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands's dividend payout ratio is -53.85%.

Newell Brands 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.