Picton Mahoney Asset Management Acquires Shares of 47,814 Newell Brands Inc. (NASDAQ:NWL)

Picton Mahoney Asset Management bought a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 47,814 shares of the company’s stock, valued at approximately $414,000.

Other large investors also recently made changes to their positions in the company. FMR LLC increased its holdings in Newell Brands by 481.6% in the third quarter. FMR LLC now owns 5,406,274 shares of the company’s stock valued at $48,819,000 after purchasing an additional 4,476,644 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of Newell Brands by 4.5% during the 3rd quarter. Pzena Investment Management LLC now owns 54,796,231 shares of the company’s stock worth $494,810,000 after buying an additional 2,373,356 shares during the period. Primecap Management Co. CA increased its stake in shares of Newell Brands by 35.9% in the 3rd 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 during the last quarter. Principal Financial Group Inc. raised its position in shares of Newell Brands by 368.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,026,362 shares of the company’s stock valued at $18,298,000 after acquiring an additional 1,593,661 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Newell Brands in the 3rd quarter valued at approximately $9,575,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Trading Up 1.1 %

NASDAQ NWL opened at $8.05 on Thursday. Newell Brands Inc. has a 12 month low of $6.49 and a 12 month high of $11.61. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The stock has a 50 day moving average of $7.54 and a 200-day moving average of $7.78. The company has a market cap of $3.34 billion, a PE ratio of -11.18, a PEG ratio of 1.43 and a beta of 0.95.

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

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.48%. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Analyst Upgrades and Downgrades

NWL has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Citigroup boosted their target price on Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Royal Bank of Canada dropped their price target on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research report on Monday, February 12th. UBS Group cut Newell Brands from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $8.50 in a report on Friday, February 16th. Finally, Barclays increased their target price on Newell Brands from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 30th. One 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 stock. Based on data from MarketBeat, Newell Brands currently has an average 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.