Capital Investment Advisors LLC Decreases Position in Newell Brands Inc. (NASDAQ:NWL)

Capital Investment Advisors LLC decreased its position in shares of Newell Brands Inc. (NASDAQ:NWLGet Rating) by 3.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,101 shares of the company’s stock after selling 674 shares during the quarter. Capital Investment Advisors LLC’s holdings in Newell Brands were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of Newell Brands by 24.5% in the first quarter. Bank of America Corp DE now owns 3,405,566 shares of the company’s stock valued at $72,913,000 after buying an additional 669,232 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Newell Brands by 65.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,904 shares of the company’s stock worth $1,411,000 after purchasing an additional 25,963 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of Newell Brands by 5.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 23,486 shares of the company’s stock worth $503,000 after purchasing an additional 1,226 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Newell Brands by 26.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 205,872 shares of the company’s stock worth $4,408,000 after purchasing an additional 42,977 shares during the period. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Newell Brands during the 1st quarter worth approximately $5,353,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insider Activity at Newell Brands

In related news, Director Brett Icahn sold 71,304 shares of Newell Brands stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $16.89, for a total transaction of $1,204,324.56. Following the completion of the sale, the director now owns 953,003 shares of the company’s stock, valued at $16,096,220.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Newell Brands news, Director Brett Icahn sold 71,304 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $16.89, for a total transaction of $1,204,324.56. Following the transaction, the director now directly owns 953,003 shares in the company, valued at $16,096,220.67. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Courtney Mather sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $18.17, for a total value of $908,500.00. Following the transaction, the director now owns 10,691 shares in the company, valued at $194,255.47. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Newell Brands Stock Performance

NWL opened at $16.30 on Monday. The firm has a market cap of $6.74 billion, a PE ratio of 9.59 and a beta of 0.76. The business has a fifty day simple moving average of $19.35 and a 200-day simple moving average of $20.63. The company has a quick ratio of 0.48, a current ratio of 1.03 and a debt-to-equity ratio of 0.96. Newell Brands Inc. has a fifty-two week low of $16.08 and a fifty-two week high of $26.45.

Newell Brands (NASDAQ:NWLGet Rating) last issued its earnings results on Friday, July 29th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.47 by $0.10. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Newell Brands had a return on equity of 19.96% and a net margin of 6.89%. Newell Brands’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share. As a group, equities analysts predict that Newell Brands Inc. will post 1.63 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.64%. Newell Brands’s payout ratio is 54.12%.

Wall Street Analyst Weigh In

Several analysts recently commented on NWL shares. Deutsche Bank Aktiengesellschaft lowered their target price on Newell Brands from $21.00 to $17.00 in a research report on Wednesday, September 7th. UBS Group lowered their target price on Newell Brands from $27.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, September 7th. Barclays lowered their target price on Newell Brands from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, September 12th. Morgan Stanley lowered their target price on Newell Brands from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 3rd. Finally, Wells Fargo & Company lowered their price target on Newell Brands from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 7th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

About Newell Brands

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Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

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

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