International Assets Investment Management LLC Purchases 16,607 Shares of Newell Brands Inc. (NASDAQ:NWL)

International Assets Investment Management LLC boosted its position in Newell Brands Inc. (NASDAQ:NWL) by 607.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,340 shares of the company’s stock after purchasing an additional 16,607 shares during the quarter. International Assets Investment Management LLC’s holdings in Newell Brands were worth $168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC purchased a new position in Newell Brands during the 3rd quarter valued at about $25,000. Handelsbanken Fonder AB increased its stake in shares of Newell Brands by 37.1% during the third quarter. Handelsbanken Fonder AB now owns 74,700 shares of the company’s stock valued at $675,000 after purchasing an additional 20,200 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Newell Brands by 478.6% during the third quarter. Maryland State Retirement & Pension System now owns 169,682 shares of the company’s stock valued at $1,532,000 after purchasing an additional 140,358 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Newell Brands by 8.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 467,694 shares of the company’s stock worth $4,223,000 after buying an additional 36,364 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Newell Brands by 25.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,875,563 shares of the company’s stock valued at $25,966,000 after buying an additional 586,018 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NWL. Citigroup dropped their target price on Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, February 12th. Morgan Stanley decreased their target price on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a report on Monday, February 12th. UBS Group downgraded shares of Newell Brands from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $8.50 in a research report on Friday, February 16th. JPMorgan Chase & Co. upped their price objective on Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada reduced their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.13.

Newell Brands Price Performance

NASDAQ NWL opened at $7.79 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.16 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $3.23 billion, a P/E ratio of -10.82, a PEG ratio of 1.54 and a beta of 0.95. The company has a 50-day moving average price of $7.49 and a 200-day moving average price of $7.74. Newell Brands Inc. has a 52 week low of $6.49 and a 52 week high of $12.31.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the firm earned ($0.06) earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Equities research analysts anticipate that Newell Brands Inc. will post 0.56 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Wednesday, February 28th. Newell Brands’s dividend payout ratio (DPR) is currently -38.89%.

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.