Graham Capital Management L.P. Buys New Position in Newell Brands Inc. (NASDAQ:NWL)

Graham Capital Management L.P. purchased a new position in Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 19,732 shares of the company’s stock, valued at approximately $197,000.

Other large investors have also modified their holdings of the company. Merit Financial Group LLC acquired a new position in shares of Newell Brands in the 4th quarter valued at $138,000. Kera Capital Partners Inc. purchased a new stake in Newell Brands during the 4th quarter valued at about $167,000. Aaron Wealth Advisors LLC acquired a new position in shares of Newell Brands in the fourth quarter valued at about $197,000. M.E. Allison & CO. Inc. purchased a new position in shares of Newell Brands in the fourth quarter worth about $139,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth about $220,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

Shares of NASDAQ NWL opened at $5.90 on Monday. The company has a market capitalization of $2.46 billion, a PE ratio of -11.35, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The company’s fifty day moving average price is $5.53 and its 200 day moving average price is $7.86. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its 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. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. The firm’s revenue was down 5.3% on a year-over-year basis. On average, research analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.75%. The ex-dividend date is Friday, May 30th. Newell Brands’s payout ratio is currently -47.46%.

Wall Street Analyst Weigh In

NWL has been the topic of several research reports. Truist Financial cut their price target on shares of Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. UBS Group dropped their price objective on shares of Newell Brands from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company reduced their target price on shares of Newell Brands from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Citigroup lowered their price target 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. Finally, StockNews.com upgraded Newell Brands from a “sell” rating to a “hold” rating in a research note on Sunday, May 4th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Newell Brands presently has an average rating of “Hold” and a consensus price target of $7.42.

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.