New York State Common Retirement Fund Has $7.88 Million Position in Newell Brands Inc. $NWL

New York State Common Retirement Fund increased its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,503,925 shares of the company’s stock after purchasing an additional 178,033 shares during the period. New York State Common Retirement Fund owned approximately 0.36% of Newell Brands worth $7,881,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Newell Brands by 29.2% in the first quarter. Royal Bank of Canada now owns 775,131 shares of the company’s stock valued at $4,800,000 after buying an additional 175,178 shares during the period. Goldman Sachs Group Inc. lifted its position in Newell Brands by 47.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company’s stock valued at $3,497,000 after acquiring an additional 181,113 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Newell Brands by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company’s stock worth $8,073,000 after purchasing an additional 153,658 shares during the period. Focus Partners Wealth increased its holdings in Newell Brands by 47.0% during the 1st quarter. Focus Partners Wealth now owns 63,846 shares of the company’s stock worth $396,000 after purchasing an additional 20,406 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Newell Brands in the 1st quarter valued at about $1,326,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating for the company in a report on Monday, November 3rd. Canaccord Genuity Group upped their price target on Newell Brands from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. UBS Group raised their price target on shares of Newell Brands from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. cut their price objective on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Finally, Citigroup increased their target price on shares of Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.94.

Newell Brands Stock Performance

Shares of NASDAQ NWL opened at $4.58 on Thursday. 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 company has a market capitalization of $1.92 billion, a P/E ratio of -76.32 and a beta of 0.93. Newell Brands Inc. has a 12 month low of $3.07 and a 12 month high of $10.01. The stock has a 50 day moving average of $3.96 and a 200-day moving average of $4.65.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a $0.07 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.28 dividend on an annualized basis and a yield of 6.1%. Newell Brands’s dividend payout ratio is -466.67%.

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.