Newell Brands shares rose 2.9% this evening to a price of $8.23. The stock is still trading within range of its average target price of $7.88, and over the last 52 weeks, it has recorded a -35.0% performance. Analysts have given the mid-cap Plastics stock target prices ranging from $5.0 to $12.0 dollars per share, with an average rating of hold.
Newell Brands has an average level of shares sold short, at 6.2% of its total share float. The stock's short ratio (also called days to cover) is 2.5. Only 0.4% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders.
Institutional investors own 98.8% of Newell Brands's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Newell Brands
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Blackrock Inc. | 16% | 69,029,690 | $568,114,317 |
| 2023-09-30 | Pzena Investment Management Llc | 13% | 54,796,231 | $450,972,956 |
| 2023-09-30 | Vanguard Group Inc | 10% | 44,153,548 | $363,383,679 |
| 2023-09-30 | State Street Corporation | 4% | 16,948,836 | $139,488,912 |
| 2023-09-30 | JP Morgan Chase & Company | 4% | 16,347,272 | $134,538,041 |
| 2023-09-30 | Massachusetts Financial Services Co. | 3% | 13,086,983 | $107,705,864 |
| 2023-09-30 | Deprince, Race & Zollo, Inc. | 3% | 10,881,706 | $89,556,435 |
| 2023-09-30 | Nuveen Asset Management, LLC | 3% | 10,748,251 | $88,458,100 |
| 2023-09-30 | Dimensional Fund Advisors LP | 2% | 8,188,708 | $67,393,063 |
| 2023-09-30 | Marshall Wace LLP | 2% | 6,541,471 | $53,836,303 |
