Polar Asset Management Partners Inc. Invests $1.94 Million in Newell Brands Inc. (NASDAQ:NWL)

Polar Asset Management Partners Inc. bought a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 195,000 shares of the company's stock, valued at approximately $1,942,000.

Several other institutional investors also recently bought and sold shares of the business. Quantinno Capital Management LP increased its stake in shares of Newell Brands by 89.1% in the fourth quarter. Quantinno Capital Management LP now owns 660,790 shares of the company's stock worth $6,581,000 after buying an additional 311,425 shares during the last quarter. Nomura Holdings Inc. bought a new position in Newell Brands during the 4th quarter valued at $2,050,000. Nuveen Asset Management LLC raised its holdings in shares of Newell Brands by 96.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,153,611 shares of the company's stock worth $21,450,000 after purchasing an additional 1,057,046 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of Newell Brands during the fourth quarter valued at $158,000. Finally, Lazard Asset Management LLC grew its position in Newell Brands by 56.3% during the 4th quarter. Lazard Asset Management LLC now owns 144,133 shares of the company's stock worth $1,435,000 after purchasing an additional 51,913 shares in the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Stock Down 1.2%

Shares of NWL stock opened at $5.90 on Friday. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week high of $11.78. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -11.35, a PEG ratio of 0.95 and a beta of 0.92. The firm's 50-day moving average is $5.53 and its 200-day moving average is $7.87. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.54 billion. The firm's quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands's payout ratio is -47.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NWL shares. JPMorgan Chase & Co. reduced their price target on Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, April 11th. StockNews.com upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Citigroup reduced their target price on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays increased their price target on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, UBS Group lowered their price target on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $7.42.

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.

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