International Assets Investment Management LLC Purchases 16,607 Shares of Newell Brands Inc. (NASDAQ:NWL)

International Assets Investment Management LLC boosted its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 607.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,340 shares of the company’s stock after acquiring an additional 16,607 shares during the period. International Assets Investment Management LLC’s holdings in Newell Brands were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC bought a new position in shares of Newell Brands during the third quarter valued at approximately $25,000. Handelsbanken Fonder AB boosted its position in Newell Brands by 37.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 74,700 shares of the company’s stock valued at $675,000 after acquiring an additional 20,200 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Newell Brands by 478.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 169,682 shares of the company’s stock valued at $1,532,000 after acquiring an additional 140,358 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Newell Brands by 8.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 467,694 shares of the company’s stock worth $4,223,000 after acquiring an additional 36,364 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Newell Brands by 25.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,875,563 shares of the company’s stock worth $25,966,000 after purchasing an additional 586,018 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

Shares of NWL stock opened at $7.79 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47. Newell Brands Inc. has a 12-month low of $6.49 and a 12-month high of $12.31. The business’s 50 day moving average is $7.49 and its two-hundred day moving average is $7.74. The company has a market capitalization of $3.23 billion, a P/E ratio of -10.82, a P/E/G ratio of 1.54 and a beta of 0.95.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. Analysts expect that Newell Brands Inc. will post 0.56 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 3.59%. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Analyst Ratings Changes

NWL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. UBS Group cut shares of Newell Brands from a “buy” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $8.50 in a research report on Friday, February 16th. Barclays lifted their price target on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Tuesday, January 16th. Morgan Stanley decreased their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a report on Monday, February 12th. Finally, Citigroup dropped their target price on Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.13.

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.