JPMorgan Chase & Co. Increases Stake in Newell Brands Inc. (NASDAQ:NWL)

JPMorgan Chase & Co. lifted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 679,491 shares of the company's stock after purchasing an additional 99,871 shares during the quarter. JPMorgan Chase & Co. owned about 0.16% of Newell Brands worth $6,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NWL. Vanguard Group Inc. raised its position in Newell Brands by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock valued at $467,053,000 after purchasing an additional 1,974,823 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Newell Brands during the 4th quarter valued at about $72,431,000. Victory Capital Management Inc. lifted its position in Newell Brands by 43.7% in the 4th quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company's stock worth $67,637,000 after buying an additional 2,066,599 shares during the last quarter. Geode Capital Management LLC boosted its stake in Newell Brands by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company's stock worth $50,973,000 after buying an additional 115,459 shares in the last quarter. Finally, King Luther Capital Management Corp grew its position in Newell Brands by 2.7% during the fourth quarter. King Luther Capital Management Corp now owns 4,291,213 shares of the company's stock valued at $42,740,000 after acquiring an additional 111,614 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

NWL has been the subject of a number of recent research reports. Royal Bank of Canada lowered their target price on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a research note on Monday, February 10th. Citigroup cut their target price on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays increased their price target on shares of Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Canaccord Genuity Group dropped their target price on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a report on Monday, February 10th. Finally, UBS Group reduced their price target on Newell Brands from $8.00 to $5.50 and set a "neutral" rating on the stock in a report on Thursday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Newell Brands currently has an average rating of "Hold" and an average price target of $9.14.

Newell Brands Stock Up 1.5 %

Shares of NWL stock traded up $0.07 during trading hours on Friday, hitting $4.70. 6,670,824 shares of the company's stock traded hands, compared to its average volume of 6,692,593. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -9.04, a PEG ratio of 0.95 and a beta of 0.84. The stock's fifty day simple moving average is $6.11 and its two-hundred day simple moving average is $8.21. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced 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 quarter in the prior year, the company earned $0.22 earnings per share. On average, analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.

About Newell Brands

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.