Blueshift Asset Management LLC Acquires Shares of 99,498 Newell Brands Inc. (NASDAQ:NWL)

Blueshift Asset Management LLC bought a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 99,498 shares of the company's stock, valued at approximately $991,000.

Other large investors have also recently modified their holdings of the company. PFG Investments LLC lifted its holdings in Newell Brands by 6.6% in the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after buying an additional 981 shares during the period. TriaGen Wealth Management LLC grew its stake in Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after purchasing an additional 991 shares during the period. Arizona State Retirement System raised its holdings in Newell Brands by 0.9% in the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock worth $1,202,000 after purchasing an additional 1,125 shares in the last quarter. Optas LLC raised its holdings in Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company's stock worth $123,000 after purchasing an additional 1,306 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Newell Brands by 3.5% during the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company's stock valued at $304,000 after buying an additional 1,345 shares during the period. Institutional investors own 92.50% of the company's stock.

Newell Brands Stock Performance

Newell Brands stock traded up $0.28 during midday trading on Monday, hitting $6.73. The stock had a trading volume of 6,728,141 shares, compared to its average volume of 6,148,138. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78. The company has a market capitalization of $2.80 billion, a PE ratio of -12.94, a P/E/G ratio of 0.95 and a beta of 0.88. The firm's fifty day moving average is $7.94 and its two-hundred day moving average is $8.54. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64.

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Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the company earned $0.22 earnings per share. On average, research analysts forecast 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 4.16%. Newell Brands's payout ratio is -53.85%.

Analyst Ratings Changes

NWL has been the subject of several research reports. Canaccord Genuity Group decreased their price target 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. JPMorgan Chase & Co. raised their target price on shares of Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and boosted their price target for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Barclays lifted their price objective on Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Finally, Citigroup dropped their target price on Newell Brands from $10.50 to $7.75 and set a "neutral" rating on the stock in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $10.81.

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.