Atlas Capital Advisors Inc. Buys New Shares in Newell Brands Inc. (NASDAQ:NWL)

Atlas Capital Advisors Inc. purchased a new position in shares of Newell Brands Inc. (NASDAQ:NWL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 48,516 shares of the company’s stock, valued at approximately $483,000.

A number of other large investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new position in shares of Newell Brands in the 4th quarter valued at about $72,431,000. Norges Bank acquired a new position in Newell Brands in the fourth quarter valued at approximately $37,174,000. Arrowstreet Capital Limited Partnership boosted its position in Newell Brands by 214.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,349,136 shares of the company’s stock worth $33,357,000 after purchasing an additional 2,282,949 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Newell Brands by 43.7% during the 4th quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company’s stock worth $67,637,000 after purchasing an additional 2,066,599 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Newell Brands by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company’s stock valued at $467,053,000 after purchasing an additional 1,974,823 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

Shares of NASDAQ:NWL opened at $5.12 on Friday. The business’s 50 day moving average price is $7.21 and its 200-day moving average price is $8.44. Newell Brands Inc. has a 1 year low of $4.83 and a 1 year high of $11.78. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The firm has a market capitalization of $2.14 billion, a PE ratio of -9.85, a P/E/G ratio of 0.95 and a beta of 0.84.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter last year, the business earned $0.22 earnings per share. As a group, equities research analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio is currently -53.85%.

Analysts Set New Price Targets

Several analysts recently commented on NWL shares. Canaccord Genuity Group dropped their price target on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Royal Bank of Canada dropped their target price on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Barclays raised their price objective on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, UBS Group upped their target price on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.58.

About Newell Brands

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.