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

XTX Topco Ltd lowered its holdings in Newell Brands Inc. (NASDAQ:NWL) by 13.1% in the 4th quarter, according to its most recent Form 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 hedge funds and other institutional investors have also recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new stake in Newell Brands in the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its holdings in shares of Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after acquiring an additional 4,617 shares during the period. Versant Capital Management Inc grew its holdings in shares of Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after acquiring an additional 1,666 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Newell Brands in the fourth quarter valued at about $101,000. Finally, Seeds Investor LLC bought a new position in Newell Brands in the fourth quarter valued at about $105,000. 92.50% of the stock is owned by institutional investors.

Newell Brands Price Performance

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

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted $0.22 EPS. As a group, analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.96%. Newell Brands’s dividend payout ratio is -53.85%.

Analyst Upgrades and Downgrades

NWL has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Newell Brands from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Wednesday. Royal Bank of Canada reduced their target price on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. dropped 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 note on Friday, April 11th. Citigroup reduced their price objective on Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research note on Monday. Finally, Barclays raised their target price on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.14.

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.