Ameriprise Financial Inc. Trims Position in Newell Brands Inc. (NASDAQ:NWL)

Ameriprise Financial Inc. lowered its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,973,091 shares of the company's stock after selling 92,229 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.47% of Newell Brands worth $19,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd purchased a new position in Newell Brands in the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC lifted its holdings in shares of Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after buying an additional 4,617 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Newell Brands in the fourth quarter worth $101,000. Seeds Investor LLC bought a new position in shares of Newell Brands during the fourth quarter worth $105,000. Finally, Parametrica Management Ltd purchased a new position in Newell Brands during the fourth quarter valued at $107,000. Institutional investors own 92.50% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on NWL. Truist Financial dropped their price objective on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, April 24th. StockNews.com upgraded Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. JPMorgan Chase & Co. reduced their price objective 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. UBS Group lowered their target price on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Canaccord Genuity Group reduced their price target on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.42.

Newell Brands Trading Down 3.6%

NASDAQ NWL traded down $0.21 on Monday, hitting $5.69. 9,880,398 shares of the stock were exchanged, compared to its average volume of 7,109,753. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week high of $11.78. The firm has a market capitalization of $2.38 billion, a P/E ratio of -10.94, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The stock has a fifty day moving average price of $5.53 and a two-hundred day moving average price of $7.86.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates 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 quarterly 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands's dividend payout ratio is currently -47.46%.

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.