Newell Brands Inc. $NWL Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 73.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,552 shares of the company’s stock after selling 967,448 shares during the period. Citigroup Inc. owned 0.08% of Newell Brands worth $1,805,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NWL. Cooper Creek Partners Management LLC boosted its stake in shares of Newell Brands by 48.8% in the second quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock worth $140,322,000 after acquiring an additional 8,526,698 shares during the last quarter. Norges Bank purchased a new stake in shares of Newell Brands during the second quarter worth approximately $20,196,000. Deprince Race & Zollo Inc. raised its stake in Newell Brands by 23.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 18,670,804 shares of the company’s stock valued at $97,835,000 after purchasing an additional 3,549,220 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in Newell Brands in the 2nd quarter valued at $12,973,000. Finally, Empowered Funds LLC lifted its holdings in Newell Brands by 1,499.9% in the 2nd quarter. Empowered Funds LLC now owns 1,532,050 shares of the company’s stock valued at $8,273,000 after purchasing an additional 1,436,292 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Newell Brands in a report on Monday, December 29th. UBS Group reissued a “neutral” rating and issued a $5.00 price target on shares of Newell Brands in a research note on Monday, February 9th. Citigroup boosted their price target on shares of Newell Brands from $4.25 to $5.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Canaccord Genuity Group increased their price objective on shares of Newell Brands from $7.00 to $8.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Morgan Stanley raised their target price on shares of Newell Brands from $4.25 to $4.50 and gave the stock an “equal weight” rating in a research note on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.11.

Newell Brands Trading Down 1.4%

Shares of Newell Brands stock opened at $4.24 on Monday. The stock has a 50 day moving average of $4.33 and a 200 day moving average of $4.50. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.57 and a current ratio of 1.07. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -6.24 and a beta of 0.91. Newell Brands Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $7.02.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, February 6th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. Newell Brands had a positive return on equity of 9.17% and a negative net margin of 3.96%.The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. Newell Brands has set its Q1 2026 guidance at -0.120–0.080 EPS. As a group, research analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.28 dividend on an annualized basis and a yield of 6.6%. Newell Brands’s dividend payout ratio is presently -41.18%.

Newell Brands Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.