Newell Brands Inc (NWL) Holdings Lifted by Geode Capital Management LLC

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Geode Capital Management LLC boosted its stake in shares of Newell Brands Inc (NYSE:NWL) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,103,942 shares of the company’s stock after buying an additional 660,185 shares during the quarter. Geode Capital Management LLC’s holdings in Newell Brands were worth $113,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Proficio Capital Partners LLC grew its position in shares of Newell Brands by 67.8% in the fourth quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock valued at $29,000 after purchasing an additional 624 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of Newell Brands in the fourth quarter valued at approximately $31,000. JOYN Advisors Inc. grew its position in shares of Newell Brands by 232.3% in the fourth quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock valued at $32,000 after purchasing an additional 1,215 shares during the last quarter. We Are One Seven LLC acquired a new stake in shares of Newell Brands in the fourth quarter valued at approximately $49,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Newell Brands in the fourth quarter valued at approximately $63,000. Institutional investors own 98.42% of the company’s stock.

Shares of NYSE NWL opened at $15.05 on Monday. Newell Brands Inc has a 1 year low of $13.57 and a 1 year high of $28.00. The company has a market cap of $6.37 billion, a P/E ratio of 5.47, a PEG ratio of 3.82 and a beta of 0.90. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, May 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business earned $0.34 earnings per share. Newell Brands’s revenue was down 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Newell Brands Inc will post 1.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Thursday, May 30th. Newell Brands’s dividend payout ratio is currently 33.45%.

Several research firms have recently commented on NWL. Zacks Investment Research lowered shares of Newell Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Wells Fargo & Co restated an “outperform” rating and set a $21.00 target price (down previously from $36.00) on shares of Newell Brands in a research report on Tuesday, February 19th. Barclays set a $16.00 target price on shares of Newell Brands and gave the stock a “hold” rating in a research report on Tuesday, February 19th. Jefferies Financial Group restated a “hold” rating and set a $15.00 target price on shares of Newell Brands in a research report on Thursday, March 14th. Finally, Citigroup set a $24.00 target price on shares of Newell Brands and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Newell Brands currently has an average rating of “Hold” and a consensus target price of $20.80.

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Newell Brands Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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