JPMorgan Chase & Co. Raises Holdings in Newell Brands Inc. (NASDAQ:NWL)

JPMorgan Chase & Co. grew its stake in Newell Brands Inc. (NASDAQ:NWL) by 17.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 679,491 shares of the company’s stock after buying an additional 99,871 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of Newell Brands worth $6,768,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Newell Brands by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock worth $39,761,000 after buying an additional 178,028 shares during the last quarter. Amundi raised its position in Newell Brands by 194.4% in the 4th quarter. Amundi now owns 215,597 shares of the company’s stock valued at $2,121,000 after purchasing an additional 142,361 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Newell Brands during the 4th quarter worth $9,877,000. Empowered Funds LLC grew its position in Newell Brands by 751.9% during the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock worth $999,000 after purchasing an additional 88,483 shares during the last quarter. Finally, AXQ Capital LP acquired a new position in Newell Brands in the fourth quarter valued at $892,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

NWL has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on Newell Brands from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Citigroup dropped their target price on Newell Brands from $7.75 to $4.75 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. decreased their price target on Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Barclays boosted their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, UBS Group lifted their target price on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Newell Brands has an average rating of “Hold” and an average price target of $9.69.

Newell Brands Stock Down 2.1 %

NWL stock opened at $4.63 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average price is $6.21 and its 200 day moving average price is $8.25. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a market cap of $1.93 billion, a P/E ratio of -8.90, a P/E/G ratio of 0.95 and a beta of 0.84.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period in the prior year, the firm earned $0.22 EPS. On average, research analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.05%. Newell Brands’s dividend payout ratio (DPR) is -53.85%.

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.