Cambridge Investment Research Advisors Inc. Has $895,000 Position in Newell Brands Inc. (NASDAQ:NWL)

Cambridge Investment Research Advisors Inc. decreased its stake in Newell Brands Inc. (NASDAQ:NWL – Get Rating) by 54.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,395 shares of the company’s stock after selling 80,588 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Newell Brands were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NWL. Mariner LLC increased its position in shares of Newell Brands by 3.3% during the first quarter. Mariner LLC now owns 16,544 shares of the company’s stock worth $355,000 after buying an additional 532 shares during the period. Private Advisor Group LLC increased its position in shares of Newell Brands by 5.0% during the first quarter. Private Advisor Group LLC now owns 12,567 shares of the company’s stock worth $269,000 after buying an additional 593 shares during the period. Kinneret Advisory LLC grew its stake in Newell Brands by 2.3% during the first quarter. Kinneret Advisory LLC now owns 33,080 shares of the company’s stock worth $708,000 after purchasing an additional 739 shares during the period. Daiwa Securities Group Inc. grew its stake in Newell Brands by 2.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 26,664 shares of the company’s stock worth $349,000 after purchasing an additional 740 shares during the period. Finally, Yousif Capital Management LLC grew its stake in Newell Brands by 1.3% during the first quarter. Yousif Capital Management LLC now owns 58,920 shares of the company’s stock worth $1,261,000 after purchasing an additional 745 shares during the period. 92.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Mark J. Erceg purchased 9,515 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were acquired at an average cost of $9.99 per share, for a total transaction of $95,054.85. Following the completion of the acquisition, the chief financial officer now owns 153,140 shares in the company, valued at $1,529,868.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Mark J. Erceg bought 9,515 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were purchased at an average cost of $9.99 per share, for a total transaction of $95,054.85. Following the completion of the purchase, the chief financial officer now directly owns 153,140 shares in the company, valued at $1,529,868.60. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark J. Erceg bought 28,282 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was bought at an average price of $13.00 per share, for a total transaction of $367,666.00. Following the completion of the purchase, the chief financial officer now owns 94,982 shares of the company’s stock, valued at $1,234,766. The disclosure for this purchase can be found here. 0.58% of the stock is owned by corporate insiders.

Newell Brands Stock Down 3.2 %

Shares of NASDAQ NWL opened at $8.69 on Friday. The stock has a market capitalization of $3.60 billion, a P/E ratio of -29.97 and a beta of 0.92. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.23 and a quick ratio of 0.55. Newell Brands Inc. has a 1 year low of $8.65 and a 1 year high of $21.88. The company has a 50-day moving average price of $11.46 and a 200-day moving average price of $13.12.

Newell Brands (NASDAQ:NWL – Get Rating) last announced its earnings results on Friday, April 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Newell Brands had a negative net margin of 1.31% and a positive return on equity of 13.59%. The firm’s quarterly revenue was down 24.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. On average, equities research analysts forecast that Newell Brands Inc. will post 0.97 EPS for the current fiscal year.

Newell Brands Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.22%. The ex-dividend date is Tuesday, May 30th. Newell Brands’s dividend payout ratio (DPR) is presently -96.55%.

Wall Street Analyst Weigh In

Several research firms recently commented on NWL. Raymond James decreased their target price on Newell Brands from $18.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Monday, February 13th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Newell Brands from $14.00 to $13.00 in a report on Monday, May 1st. Citigroup started coverage on shares of Newell Brands in a report on Thursday, February 16th. They issued a “neutral” rating and a $15.00 price target for the company. Barclays reduced their price target on shares of Newell Brands from $13.00 to $11.00 and set an “underweight” rating for the company in a report on Tuesday, February 14th. Finally, StockNews.com started coverage on shares of Newell Brands in a report on Thursday, March 16th. They issued a “sell” rating for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.18.

Newell Brands Profile

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Newell Brands, Inc engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment includes commercial cleaning and maintenance solutions, closet and garage organization, hygiene systems and material handling solutions, connected home and security, and smoke and carbon monoxide alarms.