Alaska Permanent Fund Corp Sells 45,816 Shares of Newell Brands Inc. (NASDAQ:NWL)

Alaska Permanent Fund Corp lessened its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 16.7% during the fourth quarter, Holdings Channel reports. The fund owned 229,084 shares of the company’s stock after selling 45,816 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Newell Brands were worth $1,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC boosted its position in shares of Newell Brands by 481.6% during the 3rd quarter. FMR LLC now owns 5,406,274 shares of the company’s stock worth $48,819,000 after purchasing an additional 4,476,644 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Newell Brands by 4.5% in the third quarter. Pzena Investment Management LLC now owns 54,796,231 shares of the company’s stock worth $494,810,000 after acquiring an additional 2,373,356 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of Newell Brands by 35.9% during the third quarter. Primecap Management Co. CA now owns 6,302,300 shares of the company’s stock valued at $56,910,000 after acquiring an additional 1,665,800 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Newell Brands by 368.3% during the third quarter. Principal Financial Group Inc. now owns 2,026,362 shares of the company’s stock worth $18,298,000 after purchasing an additional 1,593,661 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Newell Brands in the 3rd quarter worth $9,575,000. 92.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group cut shares of Newell Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $8.50 in a report on Friday, February 16th. Morgan Stanley lowered their price target on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Barclays upped their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. upped their price objective on shares of Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Finally, Raymond James downgraded Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Newell Brands has an average rating of “Hold” and a consensus target price of $9.13.

Newell Brands Stock Up 7.9 %

NWL opened at $7.49 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.16 and a debt-to-equity ratio of 1.47. The business’s fifty day simple moving average is $7.48 and its 200 day simple moving average is $7.73. Newell Brands Inc. has a 52 week low of $6.49 and a 52 week high of $12.31. The stock has a market cap of $3.11 billion, a PE ratio of -7.31, a P/E/G ratio of 1.39 and a beta of 0.95.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The company’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) EPS. As a group, research analysts expect that Newell Brands Inc. will post 0.56 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Wednesday, February 28th. Newell Brands’s dividend payout ratio is currently -29.47%.

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.