Campbell & CO Investment Adviser LLC Decreases Stock Holdings in Newell Brands Inc. $NWL

Campbell & CO Investment Adviser LLC lessened its stake in Newell Brands Inc. (NASDAQ:NWL) by 38.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,478 shares of the company’s stock after selling 29,122 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Newell Brands were worth $256,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. acquired a new stake in shares of Newell Brands in the second quarter valued at about $567,000. Freestone Capital Holdings LLC boosted its holdings in Newell Brands by 41.0% in the 2nd quarter. Freestone Capital Holdings LLC now owns 70,033 shares of the company’s stock worth $378,000 after buying an additional 20,375 shares during the last quarter. Earned Wealth Advisors LLC acquired a new stake in Newell Brands in the 2nd quarter worth about $60,000. Brighton Jones LLC purchased a new stake in Newell Brands during the 2nd quarter worth approximately $185,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Newell Brands by 11.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 333,944 shares of the company’s stock valued at $1,803,000 after acquiring an additional 34,020 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Price Performance

NWL opened at $3.34 on Tuesday. The stock’s 50-day moving average price is $4.78 and its 200 day moving average price is $5.30. Newell Brands Inc. has a 12-month low of $3.07 and a 12-month high of $11.78. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -55.66 and a beta of 1.02.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, October 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Newell Brands had a positive return on equity of 8.64% and a negative net margin of 0.33%.The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the company earned $0.16 earnings per share. Newell Brands’s quarterly revenue was down 7.2% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. As a group, sell-side analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Friday, November 28th. Newell Brands’s dividend payout ratio is currently -466.67%.

Analyst Ratings Changes

A number of research firms recently weighed in on NWL. Morgan Stanley restated a “hold” rating and set a $4.25 price target on shares of Newell Brands in a research report on Monday, November 3rd. Royal Bank Of Canada lowered their target price on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. Canaccord Genuity Group dropped their price target on Newell Brands from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Newell Brands in a report on Thursday. Finally, Citigroup lowered their price objective on Newell Brands from $5.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Newell Brands has a consensus rating of “Hold” and a consensus price target of $5.86.

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.