As of its most recent Form 13F filing with the Securities & Exchange Commission, Nisa Investment Advisors LLC has reduced its stake in Newell Brands Inc. (NASDAQ:NWL) by 35.2% during the fourth quarter. The fund owned 68,688 shares of the company’s stock after selling 37,365 shares during the period. Nisa Investment Advisors’ holdings in Newell Brands were worth $898,000 as of its most recent SEC filing.
Newell Brands Inc. recently disclosed a quarterly dividend payment on Wednesday, March 15th. Investors of record on Tuesday, February 28th were paid a $0.23 dividend, representing a $0.92 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date for NWL was Monday, February 27th, while its payout ratio is at a staggering rate of 180.40%.
The stock came under scrutiny from multiple analysts who released their reports on various dates associated with last year’s trading cycle.
In early February of 2023, Raymond James cut target prices on Newell Brands shares from $18.00 to $17.00 and set a “strong-buy” rating for the company through research issues in relation to investment trends.
As if to cement this negative outlook even further than before, Royal Bank Canada decreased their target price on Newell Brands from $17.00 to $15.00 and set a “sector perform” rating for the firm just days after Raymond James’ report was issued.
However, it wasn’t all bad news for investors; JPMorgan Chase & Co., for example, upped their price target on Newell Brands from $16.00 to $18.00 and gave the stock an “overweight” rating back in January.
Deutsche Bank Aktiengesellschaft also weighed in with their opinion in March with a reduced target price on Newell Brands from $16.00 to $14.00, marking one of many lowered predictions among financial analysts. However, Wells Fargo & Company painted a rosier picture with a price increase from $13.00 to $15.00 and an “equal weight” rating shared in January.
According to data from Bloomberg, the company presently has an average rating of “Hold” and a consensus price target of $17.27.”
The volatile market trends now common across sectors have led to fluctuating prices for stocks, with the prices often being driven by factors outside traders’ control. It’s hard to say what exactly will happen moving forward for NWL, but it seems clear that multiple experts hold conflicting opinions at the moment about the company’s future prospects.
As always in trading and investing, nothing is certain – only time will tell how this will all play out over time.
Investors and Hedge Funds Eye Newell Brands Inc. Despite Notable Insider Transactions and High Volatility
Newell Brands Inc., a company that specializes in consumer goods, has recently been under the radar of many hedge funds and institutional investors. According to reports, several hedge funds have added or reduced their stakes in the company’s stock, including Fairfield Bush & CO., Wipfli Financial Advisors LLC, Ellevest Inc., RFP Financial Group LLC, and the Canada Pension Plan Investment Board. These investments come after Newell Brands reported its quarterly earnings for February 2023, where they topped the consensus estimate of $0.12 by $0.04 with an EPS of $0.16.
Despite these investments, however, there have been notable insider transactions involving Newell Brands as well. CFO Mark J. Erceg has bought 28,282 shares of the stock at an average price of $13 per share on March 9th, while director Brett Icahn sold 107,372 shares of the stock on February 16th at an average price of $15.37 per share.
In terms of dividends, Newell Brands has recently declared a quarterly dividend that was paid out to investors on March 15th. This translates to a $0.92 dividend on an annualized basis and a dividend yield of 7.74%.
Looking at its numbers as a whole, Newell Brands’ stock is currently trading at $11.88 as of April 28th, 2023. Its market cap is valued at $4.92 billion with a P/E ratio of 23.29 and a beta value of 0.91.
With all these developments surrounding the company’s stocks and investment opportunities for interested parties and traders alike seem to be abound should they choose to capitalize on them while maintaining careful attention to rising trends along with cautious risk management strategies which are most effective when dealing with high volatility stocks such as this one..
