Innealta Capital LLC Has $126,000 Holdings in Newell Brands Inc. (NASDAQ:NWL)

Innealta Capital LLC grew its stake in Newell Brands Inc. (NASDAQ:NWL) by 82.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,394 shares of the company’s stock after purchasing an additional 7,422 shares during the period. Innealta Capital LLC’s holdings in Newell Brands were worth $126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NWL. Rothschild Investment LLC bought a new stake in shares of Newell Brands in the second quarter valued at about $26,000. Gradient Investments LLC bought a new stake in shares of Newell Brands in the 2nd quarter worth approximately $46,000. Quarry LP increased its position in shares of Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after purchasing an additional 4,056 shares during the period. GAMMA Investing LLC increased its position in shares of Newell Brands by 40.4% during the second quarter. GAMMA Investing LLC now owns 11,860 shares of the company’s stock valued at $76,000 after purchasing an additional 3,412 shares during the period. Finally, Atomi Financial Group Inc. acquired a new position in shares of Newell Brands in the third quarter valued at $79,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on NWL shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada lifted their price objective on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. Wells Fargo & Company upped their price objective on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Citigroup cut Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.90.

Newell Brands Price Performance

Shares of NWL stock opened at $8.79 on Monday. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.68. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm’s 50 day moving average is $7.60 and its 200-day moving average is $7.38. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -14.65, a PEG ratio of 0.82 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Sell-side analysts forecast that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.19%. Newell Brands’s payout ratio is presently -46.67%.

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.