Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 446.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,735 shares of the company’s stock after purchasing an additional 98,637 shares during the period. SG Americas Securities LLC’s holdings in Newell Brands were worth $749,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Newell Brands in the 4th quarter valued at approximately $33,000. Farther Finance Advisors LLC boosted its holdings in shares of Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after buying an additional 4,169 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Newell Brands in the 4th quarter valued at $46,000. NBC Securities Inc. boosted its stake in Newell Brands by 146,542.9% during the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock worth $63,000 after purchasing an additional 10,258 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after purchasing an additional 4,617 shares during the period. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Down 0.6%

Newell Brands stock opened at $5.41 on Friday. The company has a 50-day simple moving average of $5.32 and a 200-day simple moving average of $7.24. The firm has a market capitalization of $2.26 billion, a P/E ratio of -9.17 and a beta of 0.97. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.54 and a current ratio of 1.13. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. The business’s revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date was Friday, May 30th. Newell Brands’s payout ratio is -47.46%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NWL. Citigroup cut their price objective on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. raised shares of Newell Brands from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $6.00 to $7.00 in a research report on Friday, June 13th. Wells Fargo & Company reduced their price target on shares of Newell Brands from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen raised shares of Newell Brands from a “sell” rating to a “hold” rating in a research report on Sunday, May 4th. Finally, Barclays upped their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.53.

Newell Brands Company 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.