Y Intercept Hong Kong Ltd Acquires 172,234 Shares of Newell Brands Inc. $NWL

Y Intercept Hong Kong Ltd grew its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 1,467.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,972 shares of the company’s stock after buying an additional 172,234 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Newell Brands were worth $631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in Newell Brands by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 384,848 shares of the company’s stock valued at $2,078,000 after acquiring an additional 2,108 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Newell Brands by 2.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 78,967 shares of the company’s stock worth $294,000 after purchasing an additional 2,171 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Newell Brands by 19.6% in the second quarter. Osaic Holdings Inc. now owns 14,104 shares of the company’s stock worth $76,000 after purchasing an additional 2,308 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Newell Brands by 14.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,898 shares of the company’s stock valued at $68,000 after purchasing an additional 2,456 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Newell Brands by 45.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 11,275 shares of the company’s stock valued at $42,000 after purchasing an additional 3,532 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NWL. Barclays decreased their price target on Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada set a $4.00 target price on shares of Newell Brands in a research note on Thursday, April 9th. Canaccord Genuity Group increased their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Morgan Stanley cut shares of Newell Brands from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $4.00 to $3.50 in a report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newell Brands in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.81.

Insider Buying and Selling

In related news, insider Kristine Kay Malkoski sold 10,850 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total transaction of $39,602.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Melanie Arlene Huet sold 91,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.50, for a total value of $409,500.00. Following the sale, the insider directly owned 867 shares of the company’s stock, valued at approximately $3,901.50. This trade represents a 99.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 202,750 shares of company stock worth $812,396 in the last ninety days. 1.64% of the stock is owned by insiders.

Newell Brands Stock Performance

Newell Brands stock opened at $5.14 on Tuesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.51 and a current ratio of 1.04. The firm’s fifty day moving average price is $4.54 and its 200-day moving average price is $4.26. Newell Brands Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $6.64. The stock has a market cap of $2.18 billion, a P/E ratio of -7.67, a price-to-earnings-growth ratio of 6.35 and a beta of 0.87.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, May 1st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.04. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.01) EPS. 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. On average, equities research analysts expect that Newell Brands Inc. will post 0.57 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.4%. The ex-dividend date was Friday, May 29th. Newell Brands’s dividend payout ratio is presently -41.79%.

About Newell Brands

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.