Cwm LLC Has $474,000 Stake in Newell Brands Inc. (NASDAQ:NWL)

Cwm LLC increased its position in Newell Brands Inc. (NASDAQ:NWL) by 170.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,766 shares of the company’s stock after buying an additional 38,946 shares during the period. Cwm LLC’s holdings in Newell Brands were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Newell Brands by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company’s stock worth $389,670,000 after purchasing an additional 739,295 shares during the last quarter. Primecap Management Co. CA raised its holdings in Newell Brands by 17.7% during the second quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock valued at $90,054,000 after buying an additional 2,109,892 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after buying an additional 2,668,384 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Newell Brands by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company’s stock worth $65,558,000 after acquiring an additional 137,441 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Newell Brands by 8.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,820,147 shares of the company’s stock valued at $18,077,000 after acquiring an additional 215,759 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Up 2.5 %

Shares of NWL stock opened at $7.87 on Friday. Newell Brands Inc. has a one year low of $5.39 and a one year high of $9.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.98 and a quick ratio of 0.51. The stock has a fifty day moving average price of $7.38 and a 200 day moving average price of $7.31. The stock has a market cap of $3.27 billion, a P/E ratio of -10.93, a price-to-earnings-growth ratio of 1.29 and a beta of 0.91.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, July 26th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.15. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.05 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Analysts predict that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.07 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.56%. Newell Brands’s payout ratio is presently -38.89%.

Analyst Upgrades and Downgrades

NWL has been the subject of several analyst reports. Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Royal Bank of Canada raised their target price on shares of Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Truist Financial lifted their target price on shares of Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Canaccord Genuity Group raised their price target on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company boosted their price objective on Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Newell Brands currently has a consensus rating of “Hold” and an average price target of $8.91.

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.