Wellington Management Group LLP bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 387,372 shares of the company's stock, valued at approximately $3,858,000. Wellington Management Group LLP owned approximately 0.09% of Newell Brands as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of NWL. O Shaughnessy Asset Management LLC grew its position in Newell Brands by 40.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 63,566 shares of the company's stock worth $633,000 after buying an additional 18,399 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Newell Brands during the 4th quarter valued at $15,383,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Newell Brands by 214.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,349,136 shares of the company's stock worth $33,357,000 after purchasing an additional 2,282,949 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Newell Brands in the fourth quarter worth $178,000. Finally, Norges Bank acquired a new position in Newell Brands in the fourth quarter valued at about $37,174,000. Institutional investors own 92.50% of the company's stock.
Newell Brands Trading Down 5.2 %
NASDAQ NWL traded down $0.26 on Tuesday, hitting $4.73. The company's stock had a trading volume of 9,191,488 shares, compared to its average volume of 6,629,921. The company's 50-day moving average is $6.36 and its 200 day moving average is $8.30. The firm has a market cap of $1.98 billion, a PE ratio of -9.10, a PEG ratio of 0.95 and a beta of 0.84. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64.
Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $0.16 EPS 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 prior year, the firm posted $0.22 EPS. As a group, analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.
Newell Brands Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date was Friday, February 28th. Newell Brands's dividend payout ratio is presently -53.85%.
Analysts Set New Price Targets
NWL has been the topic of several recent analyst reports. Citigroup decreased their target price on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a report on Monday. UBS Group boosted their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Canaccord Genuity Group reduced their target price on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Barclays raised their price objective on Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. 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 a consensus price target of $9.81.
Check Out Our Latest Report on Newell Brands
About Newell Brands
(
Free Report)
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.
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