Newell Brands (NASDAQ:NWL) Stock Price Down 5.1% - Should You Sell?

Newell Brands Inc. (NASDAQ:NWL - Get Free Report)'s stock price traded down 5.1% during mid-day trading on Monday . The company traded as low as $5.21 and last traded at $5.14. 1,780,134 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 7,717,420 shares. The stock had previously closed at $5.41.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Wells Fargo & Company cut their target price on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Royal Bank Of Canada restated a "sector perform" rating and issued a $9.00 price objective on shares of Newell Brands in a research report on Monday, April 28th. UBS Group dropped their price objective on shares of 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, Barclays boosted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $7.53.

Newell Brands Price Performance

The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68. The firm has a market cap of $2.17 billion, a P/E ratio of -8.82 and a beta of 0.97. The business has a fifty day moving average of $5.32 and a 200 day moving average of $7.20.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. The company's quarterly revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.28 annualized dividend and a yield of 5.38%. Newell Brands's dividend payout ratio is currently -47.46%.

Institutional Investors Weigh In On Newell Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in NWL. Vanguard Group Inc. increased its holdings in shares of 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 buying an additional 1,974,823 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Newell Brands by 25.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock worth $129,249,000 after buying an additional 4,273,541 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Newell Brands by 12.9% during the first quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company's stock worth $126,646,000 after buying an additional 2,336,840 shares in the last quarter. FMR LLC increased its holdings in shares of Newell Brands by 233.6% during the fourth quarter. FMR LLC now owns 14,527,609 shares of the company's stock worth $144,695,000 after buying an additional 10,172,696 shares in the last quarter. Finally, Primecap Management Co. CA increased its holdings in shares of Newell Brands by 2.5% during the first quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company's stock worth $89,888,000 after buying an additional 351,610 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

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.

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