Bank of New Hampshire Has $29,000 Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Bank of New Hampshire lowered its holdings in shares of Newell Brands Inc. (NASDAQ:NWLFree Report) by 34.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,605 shares of the company’s stock after selling 1,880 shares during the period. Bank of New Hampshire’s holdings in Newell Brands were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NWL. FMR LLC grew its position in shares of Newell Brands by 481.6% during the 3rd quarter. FMR LLC now owns 5,406,274 shares of the company’s stock worth $48,819,000 after buying an additional 4,476,644 shares during the period. Norges Bank acquired a new position in shares of Newell Brands in the 4th quarter valued at $32,781,000. Primecap Management Co. CA raised its stake in Newell Brands by 35.1% during the 4th quarter. Primecap Management Co. CA now owns 8,511,972 shares of the company’s stock worth $73,884,000 after buying an additional 2,209,672 shares during the period. Vanguard Group Inc. lifted its holdings in Newell Brands by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company’s stock worth $389,670,000 after acquiring an additional 739,295 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Newell Brands in the fourth quarter worth about $5,843,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NWL. Canaccord Genuity Group boosted their price objective on Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Barclays upgraded shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price objective on the stock in a report on Tuesday, May 14th. Citigroup raised their price objective on shares of Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company raised their price objective on shares of Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.70.

Get Our Latest Research Report on NWL

Newell Brands Stock Performance

Shares of NWL traded up $0.01 during midday trading on Friday, reaching $6.54. The stock had a trading volume of 1,544,567 shares, compared to its average volume of 4,597,001. The firm has a 50 day simple moving average of $7.56 and a 200-day simple moving average of $7.88. Newell Brands Inc. has a one year low of $6.49 and a one year high of $11.61. The firm has a market cap of $2.72 billion, a PE ratio of -9.07, a P/E/G ratio of 1.23 and a beta of 0.95. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48.

Newell Brands (NASDAQ:NWLGet Free Report) last announced its earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. Newell Brands’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS. As a group, sell-side analysts anticipate that Newell Brands Inc. will post 0.6 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Friday, May 31st. Newell Brands’s payout ratio is -38.89%.

About Newell Brands

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Newell Brands (NASDAQ:NWL)

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