EP Wealth Advisors LLC Raises Stock Position in Newell Brands Inc. $NWL

EP Wealth Advisors LLC raised its position in Newell Brands Inc. (NASDAQ:NWL) by 22.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,746 shares of the company’s stock after purchasing an additional 7,009 shares during the quarter. EP Wealth Advisors LLC’s holdings in Newell Brands were worth $240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in Newell Brands by 6.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 81,841 shares of the company’s stock worth $815,000 after acquiring an additional 4,619 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Newell Brands during the 4th quarter worth about $127,000. Captrust Financial Advisors raised its holdings in Newell Brands by 9.9% in the 4th quarter. Captrust Financial Advisors now owns 95,354 shares of the company’s stock valued at $950,000 after buying an additional 8,572 shares during the period. Focus Partners Wealth raised its holdings in Newell Brands by 168.8% in the 4th quarter. Focus Partners Wealth now owns 43,440 shares of the company’s stock valued at $434,000 after buying an additional 27,278 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in Newell Brands in the fourth quarter valued at about $197,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Stock Performance

Shares of NWL stock opened at $6.22 on Wednesday. The firm has a 50 day moving average of $5.70 and a two-hundred day moving average of $5.66. The stock has a market capitalization of $2.61 billion, a PE ratio of -10.54 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. On average, research analysts predict that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a yield of 4.5%. Newell Brands’s dividend payout ratio (DPR) is -47.46%.

Insider Transactions at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the transaction, the chief executive officer owned 52,007 shares in the company, valued at $265,755.77. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NWL. Canaccord Genuity Group dropped their price target on shares of Newell Brands from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, August 4th. Wells Fargo & Company lifted their target price on shares of Newell Brands from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. cut their target price on Newell Brands from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. UBS Group raised their price target on Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $6.00 price objective (up from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.44.

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.