Boyar Asset Management Inc. Cuts Position in Newell Brands Inc. $NWL

Boyar Asset Management Inc. lessened its holdings in Newell Brands Inc. (NASDAQ:NWL) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,938 shares of the company’s stock after selling 3,744 shares during the period. Boyar Asset Management Inc.’s holdings in Newell Brands were worth $118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock worth $38,000 after buying an additional 4,169 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Newell Brands by 194.3% in the 2nd quarter. Parallel Advisors LLC now owns 8,067 shares of the company’s stock worth $44,000 after buying an additional 5,326 shares during the last quarter. HB Wealth Management LLC purchased a new position in Newell Brands in the second quarter valued at approximately $55,000. NBC Securities Inc. lifted its stake in Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after purchasing an additional 10,258 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in Newell Brands in the first quarter valued at approximately $66,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NWL shares. Citigroup upped their price objective on Newell Brands from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Canaccord Genuity Group dropped their price objective on Newell Brands from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. UBS Group upped their price objective on Newell Brands from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. dropped their price objective on Newell Brands from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Finally, Wells Fargo & Company upped their price objective on Newell Brands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Newell Brands presently has a consensus rating of “Hold” and an average target price of $7.44.

Insider Buying and Selling at Newell Brands

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the transaction, the chief executive officer owned 52,007 shares of the company’s stock, valued at approximately $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.71% of the company’s stock.

Newell Brands Trading Up 3.7%

Shares of NWL stock opened at $5.39 on Friday. The company’s fifty day simple moving average is $5.60 and its two-hundred day simple moving average is $5.54. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -9.14 and a beta of 1.02.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. As a group, analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a yield of 5.2%. Newell Brands’s payout ratio is presently -47.46%.

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.