HB Wealth Management LLC Acquires Shares of 10,201 Newell Brands Inc. $NWL

HB Wealth Management LLC acquired a new stake in Newell Brands Inc. (NASDAQ:NWL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,201 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Newell Brands by 212.6% in the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after acquiring an additional 4,169 shares during the period. Parallel Advisors LLC boosted its stake in Newell Brands by 194.3% in the second quarter. Parallel Advisors LLC now owns 8,067 shares of the company’s stock valued at $44,000 after acquiring an additional 5,326 shares during the period. OMNI 360 Wealth Inc. acquired a new position in Newell Brands in the second quarter valued at approximately $58,000. NBC Securities Inc. boosted its stake in Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after acquiring an additional 10,258 shares during the period. Finally, Vident Advisory LLC bought a new position in Newell Brands in the 1st quarter worth about $66,000. 92.50% of the stock is owned by institutional investors.

Insider Transactions at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the sale, the chief executive officer directly owned 52,007 shares of the company’s stock, 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 this hyperlink. 0.71% of the stock is currently owned by company insiders.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $5.03 on Thursday. The company’s fifty day moving average is $5.55 and its two-hundred day moving average is $5.51. 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 12-month low of $4.22 and a 12-month high of $11.78. The company has a market cap of $2.11 billion, a P/E ratio of -8.53 and a beta of 1.02.

Newell Brands (NASDAQ:NWL) last announced its earnings results 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 negative net margin of 3.29% and a positive return on equity of 8.48%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $0.36 EPS. The company’s revenue was down 4.8% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Equities analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Friday, August 29th. Newell Brands’s payout ratio is -47.46%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Newell Brands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. UBS Group boosted their price objective on Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Newell Brands in a research report on Wednesday. Citigroup boosted their price objective on Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Finally, Canaccord Genuity Group reduced their price objective 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. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.