Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Oak Thistle LLC

Oak Thistle LLC lessened its holdings in Newell Brands Inc. (NASDAQ:NWLFree Report) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,902 shares of the company’s stock after selling 10,136 shares during the quarter. Oak Thistle LLC’s holdings in Newell Brands were worth $694,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new position in Newell Brands in the first quarter worth $26,000. Versant Capital Management Inc boosted its holdings in shares of Newell Brands by 1,935.1% during the third quarter. Versant Capital Management Inc now owns 2,727 shares of the company’s stock valued at $25,000 after acquiring an additional 2,593 shares during the period. Avior Wealth Management LLC acquired a new position in shares of Newell Brands during the third quarter valued at $25,000. Resources Management Corp CT ADV boosted its holdings in shares of Newell Brands by 6,000.0% during the second quarter. Resources Management Corp CT ADV now owns 3,050 shares of the company’s stock valued at $27,000 after acquiring an additional 3,000 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Newell Brands by 711.7% during the first quarter. Canada Pension Plan Investment Board now owns 4,107 shares of the company’s stock valued at $88,000 after acquiring an additional 3,601 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ NWL opened at $7.60 on Wednesday. Newell Brands Inc. has a fifty-two week low of $6.49 and a fifty-two week high of $12.75. The firm’s 50-day simple moving average is $7.80 and its 200 day simple moving average is $7.89. The company has a quick ratio of 0.63, a current ratio of 1.16 and a debt-to-equity ratio of 1.47. The stock has a market cap of $3.16 billion, a P/E ratio of -8.00, a P/E/G ratio of 1.54 and a beta of 0.95.

Newell Brands (NASDAQ:NWLGet Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the business earned $0.16 earnings per share. Newell Brands’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts expect that Newell Brands Inc. will post 0.57 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.68%. The ex-dividend date was Wednesday, February 28th. Newell Brands’s dividend payout ratio (DPR) is presently -29.47%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NWL. StockNews.com raised shares of Newell Brands from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Citigroup reduced their price target on shares of Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Monday, February 12th. Morgan Stanley reduced their price target on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a report on Monday, February 12th. Raymond James downgraded shares of Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Finally, UBS Group cut shares of Newell Brands from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $8.50 in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.13.

View Our Latest Research Report on NWL

Newell Brands Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Newell Brands (NASDAQ:NWL)

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