Parallax Volatility Advisers L.P. Purchases Shares of 200,000 Newell Brands Inc. $NWL

Parallax Volatility Advisers L.P. acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the 2nd quarter, Holdings Channel reports. The fund acquired 200,000 shares of the company’s stock, valued at approximately $1,228,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new position in Newell Brands in the second quarter valued at $436,133,000. Pzena Investment Management LLC acquired a new stake in Newell Brands in the 2nd quarter worth about $294,663,000. AQR Capital Management LLC grew its holdings in Newell Brands by 197.8% in the 4th quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock valued at $78,741,000 after buying an additional 14,059,209 shares during the period. Rubric Capital Management LP acquired a new position in shares of Newell Brands during the 3rd quarter valued at about $68,120,000. Finally, Primecap Management Co. CA purchased a new position in shares of Newell Brands during the 2nd quarter worth about $36,003,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ NWL opened at $5.96 on Thursday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59. Newell Brands Inc. has a 1-year low of $3.07 and a 1-year high of $7.13. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -11.25, a PEG ratio of 1.47 and a beta of 0.88. The business has a 50-day moving average of $5.62 and a 200-day moving average of $4.62.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, July 31st. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.20 by $0.22. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The company’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. On average, equities analysts anticipate that Newell Brands Inc. will post 0.76 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.07 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.28 annualized dividend and a dividend yield of 4.7%. Newell Brands’s dividend payout ratio is -52.83%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Morgan Stanley restated an “underweight” rating and issued a $5.75 target price on shares of Newell Brands in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Barclays lifted their target price on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price target on shares of Newell Brands in a research note on Monday, August 3rd. Finally, Zacks Research raised Newell Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus target price of $6.66.

Insider Buying and Selling at Newell Brands

In related news, insider Bradford R. Turner sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the sale, the insider directly owned 433,398 shares of the company’s stock, valued at approximately $2,669,731.68. This trade represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.64% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.