Simmons Bank Has $174,000 Position in Newell Brands Inc. (NASDAQ:NWL)

Simmons Bank reduced its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 37.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,000 shares of the company’s stock after selling 11,765 shares during the period. Simmons Bank’s holdings in Newell Brands were worth $174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of New Jersey Common Pension Fund D grew its holdings in shares of Newell Brands by 39.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 329,711 shares of the company’s stock worth $2,862,000 after purchasing an additional 93,791 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in shares of Newell Brands by 20.9% in the third quarter. Campbell & CO Investment Adviser LLC now owns 55,998 shares of the company’s stock worth $506,000 after purchasing an additional 9,662 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Newell Brands by 1,213.6% during the third quarter. Public Sector Pension Investment Board now owns 470,989 shares of the company’s stock valued at $4,253,000 after purchasing an additional 435,133 shares during the period. FMR LLC boosted its position in Newell Brands by 481.6% in the third quarter. FMR LLC now owns 5,406,274 shares of the company’s stock worth $48,819,000 after purchasing an additional 4,476,644 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Newell Brands by 88,271.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 162,604 shares of the company’s stock valued at $1,411,000 after acquiring an additional 162,420 shares during the period. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Performance

NASDAQ:NWL opened at $8.05 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 0.58. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -11.18, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. Newell Brands Inc. has a 1-year low of $6.49 and a 1-year high of $11.61. The firm’s fifty day moving average price is $7.54 and its 200 day moving average price is $7.78.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. Newell Brands’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) earnings per share. On average, sell-side analysts expect that Newell Brands Inc. will post 0.6 EPS for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.48%. Newell Brands’s payout ratio is currently -38.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Canaccord Genuity Group boosted their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Citigroup lifted their price objective on shares of Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Barclays increased their price target on Newell Brands from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Tuesday, April 30th. Morgan Stanley cut their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, UBS Group downgraded shares of Newell Brands from a “buy” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $8.50 in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.61.

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.