Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Newell Brands Inc. (NASDAQ:NWL) by 4.6% in the 4th quarter, Holdings Channel reports. The firm owned 6,938,654 shares of the company’s stock after acquiring an additional 303,371 shares during the quarter. Geode Capital Management LLC’s holdings in Newell Brands were worth $69,132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PFG Investments LLC lifted its stake in Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock worth $157,000 after purchasing an additional 981 shares in the last quarter. TriaGen Wealth Management LLC increased its holdings in shares of Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock valued at $583,000 after purchasing an additional 991 shares during the last quarter. Arizona State Retirement System lifted its position in Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock worth $1,202,000 after buying an additional 1,125 shares in the last quarter. Optas LLC boosted its stake in Newell Brands by 11.8% during the fourth quarter. Optas LLC now owns 12,397 shares of the company’s stock worth $123,000 after buying an additional 1,306 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its holdings in Newell Brands by 14.8% in the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock valued at $116,000 after buying an additional 1,531 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

NASDAQ:NWL opened at $4.72 on Friday. The stock has a market capitalization of $1.97 billion, a P/E ratio of -9.08, a PEG ratio of 0.95 and a beta of 0.84. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. 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 50 day moving average price of $6.45 and a 200 day moving average price of $8.32.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating 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 firm earned $0.22 earnings per share. Equities research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid 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 5.93%. Newell Brands’s dividend payout ratio (DPR) is presently -53.85%.

Analysts Set New Price Targets

Several research firms have recently commented on NWL. Citigroup reduced their price target on Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada reduced their target price on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. 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 note on Friday. Canaccord Genuity Group reduced 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 report on Monday, February 10th. Finally, Barclays upped their price objective 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.