Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Fmr LLC

Fmr LLC raised its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 233.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,527,609 shares of the company’s stock after buying an additional 10,172,696 shares during the quarter. Fmr LLC owned about 3.49% of Newell Brands worth $144,695,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new position in shares of Newell Brands in the fourth quarter valued at approximately $72,431,000. Norges Bank purchased a new position in shares of Newell Brands during the 4th quarter worth $37,174,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Newell Brands by 214.1% during the fourth 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 during the last quarter. Victory Capital Management Inc. grew its position 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 purchasing an additional 2,066,599 shares during the period. Finally, Vanguard Group Inc. increased its stake 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 purchasing an additional 1,974,823 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Trading Up 3.7 %

NASDAQ:NWL opened at $4.72 on Monday. The business’s 50-day moving average is $6.45 and its two-hundred day moving average is $8.32. The firm has a market capitalization of $1.97 billion, a PE ratio of -9.08, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month 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.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, February 7th. The company reported $0.16 EPS 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 quarter in the prior year, the company posted $0.22 EPS. Research analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.93%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is -53.85%.

Wall Street Analyst Weigh In

NWL has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Newell Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their price target on shares of Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday. Canaccord Genuity Group cut their price target on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. 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 note on Thursday, January 16th. Finally, Citigroup cut their target price on Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.14.

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.