Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 41,940 Newell Brands Inc. (NASDAQ:NWL)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 41,940 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in Newell Brands by 233.6% during the fourth quarter. FMR LLC now owns 14,527,609 shares of the company’s stock valued at $144,695,000 after purchasing an additional 10,172,696 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Newell Brands by 25.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company’s stock worth $129,249,000 after acquiring an additional 4,273,541 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Newell Brands by 21.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company’s stock valued at $180,172,000 after acquiring an additional 3,188,718 shares during the last quarter. FIL Ltd grew its position in shares of Newell Brands by 109.2% in the 4th quarter. FIL Ltd now owns 5,720,884 shares of the company’s stock valued at $56,980,000 after acquiring an additional 2,986,426 shares during the period. Finally, Financial Sense Advisors Inc. acquired a new position in shares of Newell Brands during the 1st quarter worth about $10,187,000. 92.50% of the stock is owned by institutional investors.

Newell Brands Stock Up 4.4%

Newell Brands stock opened at $4.97 on Tuesday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -8.42 and a beta of 0.96. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week high of $11.78. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12. The firm has a 50 day moving average price of $5.58 and a two-hundred day moving average price of $6.20.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $0.36 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. Equities analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands’s payout ratio is -47.46%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NWL. Royal Bank Of Canada reissued a “sector perform” rating and issued a $9.00 price objective on shares of Newell Brands in a research report on Monday, April 28th. Citigroup restated a “neutral” rating and set a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. Barclays lifted their price target on Newell Brands from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. UBS Group lifted their target price on Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Truist Financial reduced their target price on shares of Newell Brands from $17.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.44.

Newell Brands 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.