Victory Capital Management Inc. Buys 2,066,599 Shares of Newell Brands Inc. (NASDAQ:NWL)

Victory Capital Management Inc. lifted its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 43.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,790,865 shares of the company's stock after purchasing an additional 2,066,599 shares during the period. Victory Capital Management Inc. owned about 1.63% of Newell Brands worth $67,637,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC acquired a new position in shares of Newell Brands in the third quarter worth about $70,000. Claro Advisors LLC acquired a new position in shares of Newell Brands in the third quarter worth about $79,000. Smartleaf Asset Management LLC boosted its holdings in shares of Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after buying an additional 4,617 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock worth $83,000 after buying an additional 1,666 shares during the period. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Newell Brands during the third quarter worth approximately $92,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Price Performance

NASDAQ NWL traded up $0.06 on Friday, hitting $6.75. 8,273,723 shares of the company were exchanged, compared to its average volume of 9,077,657. The firm has a 50 day moving average of $8.68 and a two-hundred day moving average of $8.58. The company has a market cap of $2.81 billion, a P/E ratio of -12.98, 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 1-year low of $5.39 and a 1-year high of $11.78.

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

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, February 28th. Newell Brands's payout ratio is presently -53.85%.

Analyst Ratings Changes

Several research firms recently commented on NWL. Royal Bank of Canada decreased their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a report on Monday, February 10th. UBS Group raised their price target on shares of Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. 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 report on Monday, February 10th. Citigroup reduced their target price on shares of Newell Brands from $10.50 to $7.75 and set a "neutral" rating for the company in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.81.

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.