Vanguard Personalized Indexing Management LLC Sells 17,403 Shares of Newell Brands Inc. (NASDAQ:NWL)

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 40.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,575 shares of the company’s stock after selling 17,403 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Newell Brands were worth $164,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Hsbc Holdings PLC lifted its position in Newell Brands by 100.1% in the 4th quarter. Hsbc Holdings PLC now owns 189,409 shares of the company’s stock worth $1,644,000 after buying an additional 94,729 shares during the last quarter. Parallel Advisors LLC lifted its position in Newell Brands by 42.3% in the 4th quarter. Parallel Advisors LLC now owns 17,092 shares of the company’s stock worth $148,000 after buying an additional 5,079 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Newell Brands by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 168,708 shares of the company’s stock worth $1,464,000 after buying an additional 1,650 shares during the last quarter. Bank of Nova Scotia bought a new stake in Newell Brands in the 4th quarter worth approximately $1,306,000. Finally, Campbell & CO Investment Adviser LLC lifted its position in Newell Brands by 167.9% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 150,029 shares of the company’s stock worth $1,302,000 after buying an additional 94,031 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NWL shares. Royal Bank of Canada boosted their target price on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Truist Financial boosted their price objective on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Canaccord Genuity Group boosted their price objective on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company boosted their price objective on Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.82.

Newell Brands Price Performance

NWL opened at $7.68 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.51 and a current ratio of 0.98. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $9.24. The stock has a market capitalization of $3.19 billion, a PE ratio of -10.67, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The stock’s 50 day moving average price is $7.43 and its 200-day moving average price is $7.33.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.15. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was down 7.8% compared to the same quarter last year. On average, equities research analysts predict that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 3.65%. Newell Brands’s payout ratio is -38.89%.

About Newell Brands

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.