GAMMA Investing LLC Has $52,000 Holdings in Newell Brands Inc. $NWL

GAMMA Investing LLC lessened its stake in Newell Brands Inc. (NASDAQ:NWL) by 41.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,562 shares of the company’s stock after selling 6,662 shares during the quarter. GAMMA Investing LLC’s holdings in Newell Brands were worth $52,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its stake in Newell Brands by 25.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company’s stock worth $129,249,000 after purchasing an additional 4,273,541 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Newell Brands by 12.9% during the first quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company’s stock worth $126,646,000 after buying an additional 2,336,840 shares during the period. Primecap Management Co. CA boosted its position in shares of Newell Brands by 2.5% during the first quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company’s stock worth $89,888,000 after buying an additional 351,610 shares during the period. AQR Capital Management LLC boosted its position in shares of Newell Brands by 401.2% during the first quarter. AQR Capital Management LLC now owns 10,588,136 shares of the company’s stock worth $65,382,000 after buying an additional 8,475,385 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Newell Brands by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,090,178 shares of the company’s stock worth $25,359,000 after buying an additional 98,102 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on NWL. Canaccord Genuity Group reduced their price target on Newell Brands from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, August 4th. UBS Group increased their target price on shares of Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Newell Brands in a research note on Saturday, September 27th. Wells Fargo & Company increased their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Newell Brands from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.44.

Newell Brands Trading Up 3.7%

Shares of Newell Brands stock opened at $5.39 on Friday. The business has a fifty day simple moving average of $5.60 and a two-hundred day simple moving average of $5.53. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -9.14 and a beta of 1.02. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. Newell Brands’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Friday, August 29th. Newell Brands’s dividend payout ratio (DPR) is presently -47.46%.

Insiders Place Their Bets

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is owned by company insiders.

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.