EP Wealth Advisors LLC Increases Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

EP Wealth Advisors LLC grew its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,737 shares of the company’s stock after purchasing an additional 3,316 shares during the period. EP Wealth Advisors LLC’s holdings in Newell Brands were worth $316,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Newell Brands by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock worth $15,050,000 after buying an additional 82,337 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of Newell Brands in the fourth quarter valued at $565,000. Moody National Bank Trust Division boosted its holdings in Newell Brands by 24.3% in the fourth quarter. Moody National Bank Trust Division now owns 35,146 shares of the company’s stock valued at $350,000 after purchasing an additional 6,874 shares during the period. Friedenthal Financial acquired a new position in Newell Brands during the 4th quarter worth $762,000. Finally, Pallas Capital Advisors LLC increased its holdings in Newell Brands by 6.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 28,865 shares of the company’s stock worth $287,000 after purchasing an additional 1,625 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

Wall Street Analyst Weigh In

NWL has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 price objective on shares of Newell Brands in a research report on Monday, April 28th. Barclays boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Citigroup reduced their price objective on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group lowered their target price on shares of Newell Brands from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, StockNews.com upgraded Newell Brands from a “sell” rating to a “hold” rating in a research note on Sunday, May 4th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and an average target price of $7.42.

Newell Brands Stock Up 15.1%

Shares of Newell Brands stock opened at $6.01 on Tuesday. The company has a market cap of $2.51 billion, a P/E ratio of -11.56, a PEG ratio of 0.95 and a beta of 0.92. The firm has a fifty day moving average of $5.59 and a two-hundred day moving average of $7.95. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Friday, May 30th. Newell Brands’s dividend payout ratio (DPR) is -47.46%.

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.