NBC Securities Inc. Grows Stock Position in Newell Brands Inc. (NASDAQ:NWL)

NBC Securities Inc. grew its position in Newell Brands Inc. (NASDAQ:NWL) by 146,542.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,265 shares of the company’s stock after acquiring an additional 10,258 shares during the quarter. NBC Securities Inc.’s holdings in Newell Brands were worth $63,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in Newell Brands during the fourth quarter worth approximately $33,000. Harvest Fund Management Co. Ltd purchased a new position in Newell Brands during the fourth quarter worth approximately $46,000. Smartleaf Asset Management LLC lifted its position in Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after buying an additional 4,617 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Newell Brands during the fourth quarter worth approximately $101,000. Finally, Seeds Investor LLC purchased a new position in Newell Brands during the fourth quarter worth approximately $105,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on NWL shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 price objective on shares of Newell Brands in a research report on Monday, April 28th. Truist Financial cut their target price on Newell Brands from $17.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Wall Street Zen raised Newell Brands from a “sell” rating to a “hold” rating in a research note on Sunday, May 4th. Citigroup cut their target price on Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, Canaccord Genuity Group cut their target price on Newell Brands from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Newell Brands currently has a consensus rating of “Hold” and an average target price of $7.42.

Newell Brands Trading Down 0.2%

Shares of NASDAQ NWL opened at $5.68 on Thursday. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78. 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 stock has a fifty day simple moving average of $5.22 and a 200-day simple moving average of $7.44. The stock has a market capitalization of $2.37 billion, a PE ratio of -10.92, a PEG ratio of 0.95 and a beta of 0.97.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion. The firm’s revenue was down 5.3% compared to the same quarter last year. On average, equities analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.07 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.93%. Newell Brands’s payout ratio is presently -47.46%.

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.