89,532 Shares in Newell Brands Inc. (NASDAQ:NWL) Acquired by AXQ Capital LP

AXQ Capital LP bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 89,532 shares of the company's stock, valued at approximately $892,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Newell Brands in the 4th quarter worth $46,000. Smartleaf Asset Management LLC lifted its position in Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock valued at $79,000 after purchasing an additional 4,617 shares during the period. Versant Capital Management Inc boosted its holdings in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock valued at $83,000 after purchasing an additional 1,666 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in Newell Brands during the 3rd quarter worth approximately $92,000. Finally, iSAM Funds UK Ltd acquired a new position in Newell Brands during the 3rd quarter worth approximately $94,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. UBS Group lifted their price target on Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Royal Bank of Canada lowered their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research note on Monday, February 10th. Canaccord Genuity Group reduced their price objective on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Truist Financial raised shares of Newell Brands from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company dropped their target price on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.81.

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Newell Brands Trading Down 1.4 %

Shares of NASDAQ:NWL traded down $0.09 during mid-day trading on Wednesday, hitting $6.49. The stock had a trading volume of 3,914,868 shares, compared to its average volume of 6,159,864. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $11.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The company has a market cap of $2.70 billion, a PE ratio of -12.48, a P/E/G ratio of 0.95 and a beta of 0.88. The company's 50 day moving average is $7.80 and its 200-day moving average is $8.52.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping 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 prior year, the business earned $0.22 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Friday, February 28th. Newell Brands's dividend payout ratio (DPR) is currently -53.85%.

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.