Newell Brands (NASDAQ:NWL) Stock Price Down 4.3% After Analyst Downgrade

Newell Brands Inc. (NASDAQ:NWL - Get Free Report)'s stock price was down 4.3% during mid-day trading on Tuesday after UBS Group lowered their price target on the stock from $8.00 to $5.50. UBS Group currently has a neutral rating on the stock. Newell Brands traded as low as $4.82 and last traded at $4.78. Approximately 1,037,097 shares were traded during trading, a decline of 84% from the average daily volume of 6,599,211 shares. The stock had previously closed at $4.99.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada decreased their target price on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, February 10th. Canaccord Genuity Group cut their price objective on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Wells Fargo & Company decreased their target price on shares of Newell Brands from $7.00 to $6.00 and set an "equal weight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Barclays raised their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Six research 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, Newell Brands has a consensus rating of "Hold" and an average price target of $9.14.

Hedge Funds Weigh In On Newell Brands

Hedge funds have recently modified their holdings of the stock. MML Investors Services LLC increased its position in Newell Brands by 35.4% in the 3rd quarter. MML Investors Services LLC now owns 42,821 shares of the company's stock worth $329,000 after purchasing an additional 11,201 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Newell Brands by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company's stock valued at $50,973,000 after buying an additional 115,459 shares in the last quarter. Virtu Financial LLC acquired a new position in Newell Brands in the third quarter worth approximately $225,000. World Investment Advisors LLC bought a new position in Newell Brands during the third quarter valued at approximately $326,000. Finally, Principal Financial Group Inc. lifted its stake in Newell Brands by 4.4% in the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock valued at $15,050,000 after acquiring an additional 82,337 shares during the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Price Performance

The stock's 50 day simple moving average is $6.11 and its 200-day simple moving average is $8.21. The stock has a market capitalization 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 company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) 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 in the previous year, the firm earned $0.22 earnings per share. On average, analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

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

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.