Lloyd Advisory Services LLC. Buys 63,240 Shares of Newell Brands Inc. (NASDAQ:NWL)

Lloyd Advisory Services LLC. increased its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 464.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,860 shares of the company’s stock after buying an additional 63,240 shares during the period. Lloyd Advisory Services LLC.’s holdings in Newell Brands were worth $617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pathstone Family Office LLC bought a new position in shares of Newell Brands during the third quarter worth $182,000. HighTower Advisors LLC grew its holdings in Newell Brands by 138.3% in the 3rd quarter. HighTower Advisors LLC now owns 46,306 shares of the company’s stock valued at $416,000 after buying an additional 26,877 shares in the last quarter. Rhumbline Advisers increased its position in Newell Brands by 22.5% during the third quarter. Rhumbline Advisers now owns 870,636 shares of the company’s stock worth $7,862,000 after acquiring an additional 159,776 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Newell Brands by 29.9% during the third quarter. PNC Financial Services Group Inc. now owns 67,134 shares of the company’s stock worth $606,000 after purchasing an additional 15,440 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings in Newell Brands by 5.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 30,495 shares of the company’s stock valued at $275,000 after acquiring an additional 1,562 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

NASDAQ NWL opened at $6.68 on Tuesday. The firm’s 50-day simple moving average is $7.52 and its two-hundred day simple moving average is $7.85. Newell Brands Inc. has a 52 week low of $6.47 and a 52 week high of $11.61. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48.

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

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Friday, May 31st. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Analysts Set New Price Targets

NWL has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Canaccord Genuity Group increased their price target on Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Barclays raised shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 target price for the company in a research note on Tuesday, May 14th. Finally, Citigroup increased their price target on Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.70.

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.