Vanguard Group Inc. Decreases Stake in Newell Brands Inc. $NWL

Vanguard Group Inc. reduced its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 45,827,100 shares of the company’s stock after selling 188,733 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Newell Brands worth $170,477,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NWL. Rubric Capital Management LP purchased a new stake in shares of Newell Brands during the 3rd quarter worth $68,120,000. Candlestick Capital Management LP purchased a new stake in shares of Newell Brands in the 3rd quarter worth about $31,786,000. Squarepoint Ops LLC boosted its position in shares of Newell Brands by 1,568.3% in the 3rd quarter. Squarepoint Ops LLC now owns 3,795,058 shares of the company’s stock worth $19,886,000 after buying an additional 3,567,581 shares in the last quarter. Philosophy Capital Management LLC purchased a new stake in shares of Newell Brands in the 3rd quarter worth about $8,184,000. Finally, Millennium Management LLC boosted its position in shares of Newell Brands by 98.9% in the 3rd quarter. Millennium Management LLC now owns 2,345,892 shares of the company’s stock worth $12,292,000 after buying an additional 1,166,368 shares in the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Stock Performance

Shares of NWL stock opened at $4.54 on Monday. The firm has a 50-day moving average price of $3.99 and a 200 day moving average price of $4.01. Newell Brands Inc. has a twelve month low of $3.07 and a twelve month high of $6.64. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -6.78, a PEG ratio of 5.54 and a beta of 1.06. The company has a current ratio of 1.04, a quick ratio of 0.51 and a debt-to-equity ratio of 1.94.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, May 1st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.04. Newell Brands had a negative net margin of 3.91% and a positive return on equity of 8.89%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. Research analysts forecast that Newell Brands Inc. will post 0.57 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.2%. Newell Brands’s dividend payout ratio is currently -41.79%.

Analyst Upgrades and Downgrades

NWL has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Citigroup boosted their price objective on shares of Newell Brands from $4.00 to $4.75 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Royal Bank Of Canada set a $4.00 price objective on shares of Newell Brands in a research report on Thursday, April 9th. Barclays decreased their price objective on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Finally, Canaccord Genuity Group boosted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.06.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.