Jones Financial Companies Lllp Raises Position in Newell Brands Inc. (NASDAQ:NWL)

Jones Financial Companies Lllp increased its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 35.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,311 shares of the company’s stock after purchasing an additional 2,954 shares during the period. Jones Financial Companies Lllp’s holdings in Newell Brands were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. PFG Investments LLC raised its holdings in shares of Newell Brands by 6.6% during the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock valued at $157,000 after purchasing an additional 981 shares during the last quarter. TriaGen Wealth Management LLC raised its holdings in shares of Newell Brands by 1.7% during the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock valued at $583,000 after purchasing an additional 991 shares during the last quarter. Optas LLC raised its holdings in shares of Newell Brands by 11.8% during the fourth quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after purchasing an additional 1,306 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Newell Brands by 3.5% during the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock valued at $304,000 after purchasing an additional 1,345 shares during the last quarter. Finally, Accurate Wealth Management LLC raised its holdings in shares of Newell Brands by 14.8% during the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock valued at $116,000 after purchasing an additional 1,531 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Performance

NWL opened at $6.55 on Friday. The firm has a market cap of $2.73 billion, a P/E ratio of -12.60, a PEG ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $11.78. The company has a 50 day simple moving average of $8.34 and a two-hundred day simple moving average of $8.56. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period last year, the company earned $0.22 earnings per share. Equities analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.27%. Newell Brands’s dividend payout ratio is -53.85%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a report on Monday, February 10th. Barclays upped their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and upped their target price for the company from $10.00 to $17.00 in a report on Monday, December 9th. UBS Group upped their target price on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, Canaccord Genuity Group reduced their target price on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.81.

Newell Brands Company 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.