Nomura Holdings Inc. bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 205,800 shares of the company's stock, valued at approximately $2,050,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nuveen Asset Management LLC increased its position in shares of Newell Brands by 96.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,153,611 shares of the company's stock worth $21,450,000 after acquiring an additional 1,057,046 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of Newell Brands during the fourth quarter worth about $158,000. Lazard Asset Management LLC increased its position in shares of Newell Brands by 56.3% during the fourth quarter. Lazard Asset Management LLC now owns 144,133 shares of the company's stock worth $1,435,000 after acquiring an additional 51,913 shares during the last quarter. Graham Capital Management L.P. acquired a new position in Newell Brands in the fourth quarter worth about $197,000. Finally, Focus Partners Wealth grew its stake in Newell Brands by 168.8% in the fourth quarter. Focus Partners Wealth now owns 43,440 shares of the company's stock worth $434,000 after purchasing an additional 27,278 shares in the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.
Newell Brands Stock Performance
Shares of NWL stock opened at $5.90 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The business has a 50 day moving average of $5.53 and a two-hundred day moving average of $7.87. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a market cap of $2.46 billion, a P/E ratio of -11.35, a PEG ratio of 0.95 and a beta of 0.92.
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 the consensus estimate of ($0.07) by $0.06. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. Newell Brands's quarterly revenue was down 5.3% on a year-over-year basis. As a group, analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.
Newell Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 annualized dividend and a dividend yield of 4.75%. Newell Brands's dividend payout ratio is presently -47.46%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Barclays lifted 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. UBS Group decreased their price target on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. StockNews.com upgraded Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Canaccord Genuity Group decreased their price target on Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their price target on Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Newell Brands has an average rating of "Hold" and a consensus price target of $7.42.
Check Out Our Latest Research Report on Newell Brands
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Newell Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newell Brands wasn't on the list.
While Newell Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
