Amundi Increases Stake in Newell Brands Inc. (NASDAQ:NWL)

Amundi raised its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 194.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,597 shares of the company's stock after acquiring an additional 142,361 shares during the quarter. Amundi owned approximately 0.05% of Newell Brands worth $2,121,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NWL. Hennessy Advisors Inc. purchased a new stake in Newell Brands during the 4th quarter worth approximately $72,431,000. Massachusetts Financial Services Co. MA increased its position in shares of Newell Brands by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company's stock worth $127,629,000 after acquiring an additional 2,634,114 shares during the period. Victory Capital Management Inc. raised its stake in shares of Newell Brands by 43.7% in the fourth quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company's stock valued at $67,637,000 after acquiring an additional 2,066,599 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Newell Brands by 36.8% in the fourth quarter. Bank of New York Mellon Corp now owns 4,026,323 shares of the company's stock valued at $40,102,000 after purchasing an additional 1,083,921 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Newell Brands during the 4th quarter worth $9,877,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Stock Performance

Shares of Newell Brands stock traded down $0.09 on Friday, hitting $6.45. The stock had a trading volume of 9,596,785 shares, compared to its average volume of 6,129,680. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -12.40, a P/E/G ratio of 0.95 and a beta of 0.88. 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 Inc. has a 52-week low of $5.39 and a 52-week high of $11.78. The company's 50 day moving average price is $8.06 and its 200 day moving average price is $8.53.

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

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.34%. The ex-dividend date was Friday, February 28th. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.

Analyst Ratings Changes

NWL has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price target 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. 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. Wells Fargo & Company dropped their price objective on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Citigroup decreased their price objective on shares of Newell Brands from $10.50 to $7.75 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, Barclays increased their target price on Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $10.81.

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.