Newell Brands Inc. (NASDAQ:NWL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Newell Brands Inc. (NASDAQ:NWL) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,080 shares of the company’s stock after acquiring an additional 11,450 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Newell Brands were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Everence Capital Management Inc. raised its holdings in shares of Newell Brands by 37.1% during the fourth quarter. Everence Capital Management Inc. now owns 50,860 shares of the company’s stock worth $441,000 after purchasing an additional 13,760 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of Newell Brands during the 4th quarter valued at about $556,000. Lecap Asset Management Ltd. acquired a new stake in Newell Brands during the fourth quarter worth about $509,000. Louisiana State Employees Retirement System bought a new position in Newell Brands in the fourth quarter worth about $1,655,000. Finally, Xcel Wealth Management LLC lifted its holdings in Newell Brands by 8.6% in the fourth quarter. Xcel Wealth Management LLC now owns 21,370 shares of the company’s stock worth $185,000 after acquiring an additional 1,700 shares during the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Performance

NWL stock opened at $8.05 on Tuesday. The company has a 50-day simple moving average of $7.49 and a 200 day simple moving average of $7.75. The company has a market capitalization of $3.34 billion, a P/E ratio of -11.18, a PEG ratio of 1.54 and a beta of 0.95. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. Newell Brands Inc. has a fifty-two week low of $6.49 and a fifty-two week high of $12.02.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted ($0.06) EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Sell-side analysts predict that Newell Brands Inc. will post 0.56 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Wall Street Analyst Weigh In

NWL has been the topic of a number of research reports. UBS Group cut Newell Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $8.50 in a research report on Friday, February 16th. Royal Bank of Canada dropped their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research report on Monday, February 12th. Morgan Stanley cut their target price on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Citigroup upped their price target on shares of Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Newell Brands presently has an average rating of “Hold” and a consensus target price of $8.52.

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.