XTX Topco Ltd Sells 11,864 Shares of Newell Brands Inc. (NASDAQ:NWL)

XTX Topco Ltd trimmed its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,720 shares of the company’s stock after selling 11,864 shares during the quarter. XTX Topco Ltd’s holdings in Newell Brands were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. MML Investors Services LLC raised its stake in shares of Newell Brands by 35.4% during the third quarter. MML Investors Services LLC now owns 42,821 shares of the company’s stock valued at $329,000 after acquiring an additional 11,201 shares during the last quarter. M&T Bank Corp raised its position in Newell Brands by 6.7% during the 3rd quarter. M&T Bank Corp now owns 50,694 shares of the company’s stock valued at $389,000 after purchasing an additional 3,202 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Newell Brands by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company’s stock worth $50,973,000 after buying an additional 115,459 shares during the period. Virtu Financial LLC bought a new stake in shares of Newell Brands in the 3rd quarter worth approximately $225,000. Finally, World Investment Advisors LLC bought a new stake in shares of Newell Brands in the 3rd quarter worth approximately $326,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Performance

Shares of NWL opened at $4.70 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The stock has a market cap of $1.96 billion, a P/E ratio of -9.04, a P/E/G ratio of 0.95 and a beta of 0.84. The business’s 50 day moving average price is $6.16 and its 200-day moving average price is $8.23. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78.

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

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.96%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is -53.85%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NWL shares. Barclays upped their target price on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. UBS Group dropped their target price on shares of Newell Brands from $8.00 to $5.50 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company lowered their price objective on shares of Newell Brands from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Canaccord Genuity Group reduced their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.14.

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.