Newell Brands Inc. (NASDAQ:NWL) Stake Lessened by Simmons Bank

Simmons Bank decreased its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company’s stock after selling 11,765 shares during the period. Simmons Bank’s holdings in Newell Brands were worth $174,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NWL. Authentikos Wealth Advisory LLC bought a new stake in shares of Newell Brands in the 3rd quarter worth $51,000. GAMMA Investing LLC bought a new position in shares of Newell Brands during the 4th quarter valued at about $61,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Newell Brands in the 4th quarter worth approximately $88,000. RFP Financial Group LLC raised its holdings in shares of Newell Brands by 81.1% in the 3rd quarter. RFP Financial Group LLC now owns 10,050 shares of the company’s stock worth $91,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Newell Brands in the 4th quarter worth approximately $94,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Up 1.1 %

Shares of Newell Brands stock opened at $8.05 on Thursday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -11.18, a P/E/G ratio of 1.43 and a beta of 0.95. The stock has a 50-day simple moving average of $7.54 and a 200-day simple moving average of $7.78. Newell Brands Inc. has a 52-week low of $6.49 and a 52-week high of $11.61. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 0.58.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted ($0.06) EPS. Newell Brands’s quarterly revenue was down 5.8% on a year-over-year basis. On average, equities research analysts expect that Newell Brands Inc. will post 0.6 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.48%. Newell Brands’s dividend payout ratio (DPR) is currently -38.89%.

Analyst Upgrades and Downgrades

NWL has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Barclays increased their target price on Newell Brands from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Tuesday, April 30th. Canaccord Genuity Group lifted their price target on Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, April 29th. Wells Fargo & Company increased their price objective on Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, April 29th. Finally, Royal Bank of Canada lowered their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.61.

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.