Neo Ivy Capital Management Invests $1.03 Million in Newell Brands Inc. (NASDAQ:NWL)

Neo Ivy Capital Management acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 161,336 shares of the company’s stock, valued at approximately $1,034,000.

A number of other large investors have also modified their holdings of NWL. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 739,295 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Newell Brands by 5.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,747,330 shares of the company’s stock worth $119,327,000 after purchasing an additional 660,347 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Newell Brands by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,623,470 shares of the company’s stock worth $74,855,000 after purchasing an additional 434,762 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Newell Brands by 35.1% during the fourth quarter. Primecap Management Co. CA now owns 8,511,972 shares of the company’s stock worth $73,884,000 after purchasing an additional 2,209,672 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Newell Brands by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,211,350 shares of the company’s stock worth $36,555,000 after purchasing an additional 151,772 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

Newell Brands stock traded down $0.09 during mid-day trading on Tuesday, reaching $7.31. The company had a trading volume of 528,485 shares, compared to its average volume of 4,979,305. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $10.72. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.98 and a quick ratio of 0.51. The company has a market capitalization of $3.04 billion, a P/E ratio of -10.28, a P/E/G ratio of 1.47 and a beta of 0.88. The stock’s 50-day simple moving average is $6.90 and its 200-day simple moving average is $7.39.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, equities analysts predict that Newell Brands Inc. will post 0.64 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.83%. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays upgraded shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price objective for the company in a research note on Tuesday, May 14th. Royal Bank of Canada upped their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Wells Fargo & Company upped their price objective on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Canaccord Genuity Group upped their price objective on shares of Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Newell Brands currently has a consensus rating of “Hold” and a consensus price target of $8.82.

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.