AssuredPartners Investment Advisors LLC Invests $434,000 in Newell Brands Inc. (NASDAQ:NWL)

AssuredPartners Investment Advisors LLC bought a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 43,581 shares of the company's stock, valued at approximately $434,000.

Several other institutional investors have also made changes to their positions in NWL. JPMorgan Chase & Co. grew its holdings in Newell Brands by 17.2% during the 4th quarter. JPMorgan Chase & Co. now owns 679,491 shares of the company's stock worth $6,768,000 after acquiring an additional 99,871 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of Newell Brands during the fourth quarter valued at approximately $107,000. United Services Automobile Association acquired a new stake in shares of Newell Brands in the fourth quarter valued at approximately $257,000. Vanguard Group Inc. raised its position in Newell Brands by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock worth $467,053,000 after purchasing an additional 1,974,823 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Newell Brands by 3.0% during the 4th quarter. LPL Financial LLC now owns 96,294 shares of the company's stock worth $959,000 after buying an additional 2,808 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Performance

Shares of NWL traded up $0.04 during mid-day trading on Tuesday, reaching $6.24. The company's stock had a trading volume of 1,447,658 shares, compared to its average volume of 6,277,503. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $11.78. The business has a 50-day simple moving average of $7.58 and a two-hundred day simple moving average of $8.51. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The stock has a market cap of $2.60 billion, a P/E ratio of -11.95, a PEG ratio of 0.95 and a beta of 0.88.

Remove Ads

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period in the previous year, the company posted $0.22 EPS. As a group, equities research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.49%. Newell Brands's payout ratio is -53.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Citigroup dropped their price objective on Newell Brands from $10.50 to $7.75 and set a "neutral" rating for the company in a report on Monday, February 10th. UBS Group raised their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Canaccord Genuity Group cut their target price on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on Newell Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.81.

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.