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Fintel reports that on May 14, 2024, Barclays upgraded their outlook for Newell Brands (NasdaqGS:NWL) from Underweight to Equal-Weight.

Analyst Price Forecast Suggests 4.67% Downside

As of May 8, 2024, the average one-year price target for Newell Brands is 8.31. The forecasts range from a low of 7.07 to a high of $10.50. The average price target represents a decrease of 4.67% from its latest reported closing price of 8.72.

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The projected annual revenue for Newell Brands is 9,386MM, an increase of 17.60%. The projected annual non-GAAP EPS is 1.70.

Newell Brands Declares $0.07 Dividend

On February 15, 2024 the company declared a regular quarterly dividend of $0.07 per share ($0.28 annualized). Shareholders of record as of February 29, 2024 received the payment on March 15, 2024. Previously, the company paid $0.07 per share.

At the current share price of 8.72 / share, the stocks dividend yield is {1}%.

The current dividend yield is 1.12 standard deviations below the historical average.

Additionally, the companys dividend payout ratio is {0}. The payout ratio tells us how much of a companys income is paid out in dividends. A payout ratio of one (1.0) means 100% of the companys income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The companys 3-Year dividend growth rate is {0}%.

What is the Fund Sentiment?

There are 774 funds or institutions reporting positions in Newell Brands. This is an decrease of 201 owner(s) or 20.62% in the last quarter. Average portfolio weight of all funds dedicated to NWL is 0.11%, an increase of 10.25%. Total shares owned by institutions increased in the last three months by 4.36% to 465,887K shares.

The put/call ratio of NWL is 0.78, indicating a bullish outlook.

What are Other Shareholders Doing?

Pzena Investment Management holds 53,791K shares representing 12.96% ownership of the company. In its prior filing, the firm reported owning 54,097K shares , representing a decrease of 0.57%. The firm decreased its portfolio allocation in NWL by 17.88% over the last quarter.

Pacer Advisors holds 36,162K shares representing 8.71% ownership of the company. In its prior filing, the firm reported owning 8,042K shares , representing an increase of 77.76%. The firm increased its portfolio allocation in NWL by 237.92% over the last quarter.

IJR - iShares Core S&P Small-Cap ETF holds 25,489K shares representing 6.14% ownership of the company. In its prior filing, the firm reported owning 25,734K shares , representing a decrease of 0.96%. The firm decreased its portfolio allocation in NWL by 17.66% over the last quarter.

Massachusetts Financial Services holds 14,008K shares representing 3.37% ownership of the company. In its prior filing, the firm reported owning 13,747K shares , representing an increase of 1.86%. The firm decreased its portfolio allocation in NWL by 86.52% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,511K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 12,453K shares , representing an increase of 0.46%. The firm decreased its portfolio allocation in NWL by 13.70% over the last quarter.

Newell Brands Background Information
(This description is provided by the company.)

Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid®, Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer's®, Coleman®, Marmot®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Contigo®, First Alert®, Mapa®, Spontex® and Yankee Candle®. Newell Brands is committed to enhancing the lives of consumers around the world with planet friendly, innovative and attractive products that create moments of joy and provide peace of mind.

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This story originally appeared on Fintel.

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