Orion Portfolio Solutions LLC Makes New $178,000 Investment in Newell Brands Inc. (NASDAQ:NWL)

Orion Portfolio Solutions LLC acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,906 shares of the company’s stock, valued at approximately $178,000.

A number of other large investors have also modified their holdings of NWL. Hennessy Advisors Inc. bought a new position in Newell Brands during the fourth quarter worth about $72,431,000. Norges Bank bought a new position in shares of Newell Brands during the 4th quarter worth approximately $37,174,000. Victory Capital Management Inc. boosted its stake in Newell Brands by 43.7% in the 4th quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company’s stock valued at $67,637,000 after buying an additional 2,066,599 shares in the last quarter. Vanguard Group Inc. grew its position in Newell Brands by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company’s stock valued at $467,053,000 after acquiring an additional 1,974,823 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Newell Brands by 36.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,026,323 shares of the company’s stock worth $40,102,000 after acquiring an additional 1,083,921 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Performance

NWL stock opened at $4.55 on Friday. The company has a 50 day moving average price of $6.55 and a 200 day moving average price of $8.33. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The stock has a market capitalization of $1.90 billion, a PE ratio of -8.75, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 company earned $0.22 earnings per share. Analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The firm 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. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 6.15%. Newell Brands’s payout ratio is presently -53.85%.

Analyst Ratings Changes

NWL has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted 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. Citigroup decreased their price objective on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research note on Monday, February 10th. UBS Group lifted their target price on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note 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. Finally, Barclays raised their price target on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report 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, the company currently has a consensus rating of “Hold” and a consensus target price of $10.58.

Newell Brands 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.