Comerica Bank Has $1.95 Million Holdings in Newell Brands Inc. (NASDAQ:NWL)

Comerica Bank lifted its stake in Newell Brands Inc. (NASDAQ:NWL) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 195,865 shares of the company’s stock after acquiring an additional 3,250 shares during the quarter. Comerica Bank’s holdings in Newell Brands were worth $1,951,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC increased its position in Newell Brands by 227.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 160,147 shares of the company’s stock worth $1,595,000 after buying an additional 111,247 shares during the period. Northern Trust Corp increased its position in Newell Brands by 20.1% during the fourth quarter. Northern Trust Corp now owns 2,972,331 shares of the company’s stock worth $29,604,000 after acquiring an additional 496,780 shares during the period. The Manufacturers Life Insurance Company raised its stake in Newell Brands by 6.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 81,841 shares of the company’s stock valued at $815,000 after purchasing an additional 4,619 shares during the last quarter. Quarry LP boosted its holdings in Newell Brands by 35.0% in the 4th quarter. Quarry LP now owns 19,602 shares of the company’s stock valued at $195,000 after purchasing an additional 5,086 shares during the period. Finally, Boothbay Fund Management LLC raised its position in shares of Newell Brands by 32.4% during the fourth quarter. Boothbay Fund Management LLC now owns 51,230 shares of the company’s stock valued at $510,000 after buying an additional 12,544 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group decreased their target price on Newell Brands from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Barclays upped their target price on Newell Brands from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of Newell Brands in a report on Monday, April 28th. Citigroup lowered their target price on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Wells Fargo & Company decreased their price objective on Newell Brands from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.42.

Newell Brands Price Performance

Newell Brands stock opened at $5.22 on Friday. The business’s fifty day moving average is $5.60 and its two-hundred day moving average is $7.96. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The firm has a market cap of $2.18 billion, a P/E ratio of -10.04, a P/E/G ratio of 0.95 and a beta of 0.92. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.36%. The ex-dividend date is Friday, May 30th. Newell Brands’s dividend payout ratio (DPR) is presently -47.46%.

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.