Newell Brands Inc. (NASDAQ:NWL) Shares Sold by EVR Research LP

EVR Research LP cut its stake in Newell Brands Inc. (NASDAQ:NWL) by 25.2% during the 4th quarter, HoldingsChannel reports. The fund owned 1,100,000 shares of the company’s stock after selling 370,000 shares during the period. Newell Brands comprises 3.7% of EVR Research LP’s portfolio, making the stock its 12th largest position. EVR Research LP’s holdings in Newell Brands were worth $10,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Newell Brands by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock worth $39,761,000 after purchasing an additional 178,028 shares during the period. Amundi increased its stake in shares of Newell Brands by 194.4% in the fourth quarter. Amundi now owns 215,597 shares of the company’s stock valued at $2,121,000 after purchasing an additional 142,361 shares during the period. Raymond James Financial Inc. acquired a new stake in Newell Brands in the 4th quarter valued at approximately $9,877,000. Empowered Funds LLC increased its holdings in shares of Newell Brands by 751.9% during the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock valued at $999,000 after purchasing an additional 88,483 shares during the period. Finally, AssuredPartners Investment Advisors LLC bought a new position in Newell Brands in the 4th quarter valued at about $434,000. Institutional investors own 92.50% of the company’s stock.

Wall Street Analysts Forecast Growth

NWL has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Newell Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Canaccord Genuity Group decreased their price target on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group raised their target price on 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 lowered their target price on Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.14.

Newell Brands Stock Performance

Shares of NASDAQ NWL opened at $4.72 on Friday. The stock’s fifty day simple moving average is $6.45 and its 200 day simple moving average is $8.32. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -9.08, a PEG ratio of 0.95 and a beta of 0.84. 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 Inc. has a 52-week low of $4.22 and a 52-week high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its quarterly 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 period in the previous year, the company posted $0.22 EPS. As a group, sell-side analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 5.93%. 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.