Algert Global LLC Has $268,000 Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Algert Global LLC lowered its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 85.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,827 shares of the company's stock after selling 251,513 shares during the quarter. Algert Global LLC's holdings in Newell Brands were worth $268,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of NWL. NBC Securities Inc. lifted its stake in Newell Brands by 50.5% in the first quarter. NBC Securities Inc. now owns 5,302 shares of the company's stock valued at $42,000 after buying an additional 1,780 shares during the period. Arizona State Retirement System grew its holdings in shares of Newell Brands by 2.1% during the second quarter. Arizona State Retirement System now owns 116,226 shares of the company's stock worth $745,000 after buying an additional 2,394 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Newell Brands by 3.0% during the first quarter. Tidal Investments LLC now owns 83,559 shares of the company's stock worth $671,000 after buying an additional 2,407 shares in the last quarter. Quarry LP grew its holdings in shares of Newell Brands by 106.2% during the fourth quarter. Quarry LP now owns 4,731 shares of the company's stock worth $41,000 after buying an additional 2,437 shares in the last quarter. Finally, Raymond James Trust N.A. grew its holdings in shares of Newell Brands by 9.9% during the second quarter. Raymond James Trust N.A. now owns 27,541 shares of the company's stock worth $177,000 after buying an additional 2,490 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NWL. JPMorgan Chase & Co. decreased their price objective on Newell Brands from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Monday, July 22nd. Wells Fargo & Company raised their price target on Newell Brands from $6.00 to $9.00 and gave the company an "equal weight" rating in a research note on Monday, July 29th. Citigroup downgraded Newell Brands from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 13th. Royal Bank of Canada raised their price target on Newell Brands from $7.50 to $9.50 and gave the company a "sector perform" rating in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Newell Brands from $8.00 to $9.00 and gave the company a "hold" rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.82.

Newell Brands Price Performance

Shares of NWL traded up $0.10 during midday trading on Thursday, hitting $7.51. The company's stock had a trading volume of 3,856,980 shares, compared to its average volume of 5,381,694. Newell Brands Inc. has a one year low of $5.39 and a one year high of $9.24. The company's fifty day simple moving average is $7.39 and its two-hundred day simple moving average is $7.31. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -10.53, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.15. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the company posted $0.24 EPS. The company's revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, equities analysts expect that Newell Brands Inc. will post 0.65 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.73%. Newell Brands's dividend payout ratio is currently -38.89%.

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.