Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by KBC Group NV

KBC Group NV increased its holdings in shares of Newell Brands Inc. (NASDAQ:NWLFree Report) by 86.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,239 shares of the company’s stock after purchasing an additional 20,482 shares during the quarter. KBC Group NV’s holdings in Newell Brands were worth $384,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NWL. Philadelphia Trust Co. lifted its stake in shares of Newell Brands by 0.8% during the fourth quarter. Philadelphia Trust Co. now owns 183,357 shares of the company’s stock worth $1,592,000 after purchasing an additional 1,500 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in Newell Brands by 6.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 24,775 shares of the company’s stock worth $224,000 after acquiring an additional 1,547 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Newell Brands by 5.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 30,495 shares of the company’s stock worth $275,000 after acquiring an additional 1,562 shares during the period. Pine Valley Investments Ltd Liability Co grew its position in Newell Brands by 15.5% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 11,682 shares of the company’s stock valued at $101,000 after acquiring an additional 1,564 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Newell Brands by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 168,708 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,650 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analyst Ratings Changes

NWL has been the subject of several analyst reports. Wells Fargo & Company upped their target price on shares of Newell Brands from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th. UBS Group downgraded Newell Brands from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $8.50 in a research note on Friday, February 16th. Raymond James cut Newell Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Barclays upgraded Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price objective for the company in a research note on Tuesday, May 14th. Finally, Canaccord Genuity Group increased their target price on Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.70.

Check Out Our Latest Stock Analysis on Newell Brands

Newell Brands Stock Performance

Newell Brands stock opened at $7.37 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 0.58. Newell Brands Inc. has a 12 month low of $6.49 and a 12 month high of $11.61. The company has a fifty day moving average price of $7.64 and a two-hundred day moving average price of $7.92. The company has a market cap of $3.06 billion, a PE ratio of -10.24, a P/E/G ratio of 1.37 and a beta of 0.95.

Newell Brands (NASDAQ:NWLGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business posted ($0.06) EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Research analysts expect that Newell Brands Inc. will post 0.6 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, May 31st. Newell Brands’s dividend payout ratio (DPR) is -38.89%.

About Newell Brands

(Free Report)

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.

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

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