Invesco Ltd. lessened its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,016,576 shares of the company's stock after selling 254,491 shares during the quarter. Invesco Ltd. owned about 0.48% of Newell Brands worth $20,085,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in NWL. Vanguard Group Inc. increased its stake in Newell Brands by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock worth $467,053,000 after acquiring an additional 1,974,823 shares during the last quarter. FMR LLC boosted its holdings in shares of 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 purchasing an additional 10,172,696 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Newell Brands during the 4th quarter valued at approximately $72,431,000. Geode Capital Management LLC lifted its position in Newell Brands by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 6,938,654 shares of the company's stock worth $69,132,000 after buying an additional 303,371 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Newell Brands by 43.7% during the fourth quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company's stock worth $67,637,000 after buying an additional 2,066,599 shares during the period. Institutional investors own 92.50% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a research note on Monday, February 10th. Canaccord Genuity Group dropped their price objective on Newell Brands from $14.00 to $12.00 and set a "buy" rating for the company in a report on Wednesday. Wells Fargo & Company cut their price objective 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. Citigroup decreased their target price 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $8.92.
Get Our Latest Stock Analysis on Newell Brands
Newell Brands Stock Performance
Newell Brands stock traded up $0.10 during mid-day trading on Thursday, reaching $5.04. 926,559 shares of the company traded hands, compared to its average volume of 6,725,112. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The firm's fifty day moving average is $5.97 and its two-hundred day moving average is $8.16. 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 company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -9.68, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84.
Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period last year, the business posted $0.22 earnings per share. On average, equities research analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.
Newell Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 5.56%. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.
About Newell Brands
(
Free Report)
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.
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