Newell Brands Inc. (NASDAQ:NWL) Shares Bought by Ascent Group LLC

Ascent Group LLC lifted its position in Newell Brands Inc. (NASDAQ:NWLGet Rating) by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,644 shares of the company’s stock after acquiring an additional 4,289 shares during the quarter. Ascent Group LLC’s holdings in Newell Brands were worth $999,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in Newell Brands during the 4th quarter valued at approximately $25,000. Tcwp LLC acquired a new position in Newell Brands during the 1st quarter valued at approximately $26,000. Fairfield Bush & CO. acquired a new position in Newell Brands during the 1st quarter valued at approximately $26,000. Tyler Stone Wealth Management bought a new stake in Newell Brands during the 4th quarter valued at $30,000. Finally, CWM LLC raised its stake in Newell Brands by 123.8% during the 1st quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $43,000 after acquiring an additional 1,112 shares in the last quarter. Institutional investors and hedge funds own 84.07% of the company’s stock.

Newell Brands Stock Performance

Shares of NASDAQ NWL opened at $21.42 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 1.03 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 12.60 and a beta of 0.75. The stock’s fifty day simple moving average is $19.60 and its 200 day simple moving average is $21.52. Newell Brands Inc. has a 52-week low of $17.40 and a 52-week high of $26.45.

Newell Brands (NASDAQ:NWLGet Rating) last issued its earnings results on Friday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Newell Brands had a return on equity of 19.96% and a net margin of 6.89%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. As a group, sell-side analysts forecast that Newell Brands Inc. will post 1.84 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Tuesday, August 30th. Newell Brands’s payout ratio is 54.12%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NWL shares. Deutsche Bank Aktiengesellschaft cut their target price on Newell Brands from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, June 21st. TheStreet raised Newell Brands from a “c+” rating to a “b” rating in a research note on Friday, April 29th. Morgan Stanley cut their target price on Newell Brands from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 3rd. Barclays cut their target price on Newell Brands from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 2nd. Finally, UBS Group dropped their price objective on Newell Brands from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.86.

Newell Brands Company Profile

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Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

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Institutional Ownership by Quarter for Newell Brands (NASDAQ:NWL)

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