Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 27.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 363,555 shares of the company's stock after selling 137,111 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.09% of Newell Brands worth $3,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hennessy Advisors Inc. purchased a new stake in shares of Newell Brands during the 4th quarter worth $72,431,000. Victory Capital Management Inc. lifted its position in shares of Newell Brands by 43.7% during the fourth quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company's stock valued at $67,637,000 after buying an additional 2,066,599 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Newell Brands by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock valued at $467,053,000 after buying an additional 1,974,823 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Newell Brands by 36.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,026,323 shares of the company's stock valued at $40,102,000 after buying an additional 1,083,921 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Newell Brands in the 4th quarter worth approximately $9,877,000. Institutional investors own 92.50% of the company's stock.

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Newell Brands Stock Performance

NWL traded down $0.80 on Thursday, reaching $5.47. The stock had a trading volume of 10,611,449 shares, compared to its average volume of 8,605,738. The business's 50-day moving average price is $7.42 and its two-hundred day moving average price is $8.48. The company has a market cap of $2.28 billion, a P/E ratio of -10.52, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $11.78. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64.

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 positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period last year, the firm posted $0.22 earnings per share. Sell-side analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands's dividend payout ratio is presently -53.85%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NWL. Truist Financial upgraded shares of Newell Brands from a "hold" rating to a "buy" rating and raised their target price for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Barclays raised their price objective on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Royal Bank of Canada reduced their target price on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research report on Monday, February 10th. UBS Group raised their price target on Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $10.58.

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.