Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its holdings in Newell Brands Inc. (NASDAQ:NWLFree Report) by 6.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 24,775 shares of the company’s stock after purchasing an additional 1,547 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Newell Brands were worth $224,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NWL. Principal Financial Group Inc. raised its stake in shares of Newell Brands by 368.3% during the third quarter. Principal Financial Group Inc. now owns 2,026,362 shares of the company’s stock valued at $18,298,000 after purchasing an additional 1,593,661 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Newell Brands by 408.6% during the third quarter. State of Alaska Department of Revenue now owns 237,254 shares of the company’s stock valued at $2,142,000 after purchasing an additional 190,606 shares during the period. Invenomic Capital Management LP raised its stake in shares of Newell Brands by 175.2% during the second quarter. Invenomic Capital Management LP now owns 1,615,748 shares of the company’s stock valued at $14,057,000 after purchasing an additional 1,028,622 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $416,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Newell Brands by 25.6% during the third quarter. Bank of New York Mellon Corp now owns 2,875,563 shares of the company’s stock valued at $25,966,000 after purchasing an additional 586,018 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Newell Brands Stock Performance

Newell Brands stock opened at $6.85 on Friday. The company has a market cap of $2.84 billion, a PE ratio of -5.11 and a beta of 0.94. The company has a fifty day moving average price of $8.44 and a two-hundred day moving average price of $8.62. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.24 and a quick ratio of 0.65. Newell Brands Inc. has a 12 month low of $6.49 and a 12 month high of $15.60.

Newell Brands (NASDAQ:NWLGet Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Newell Brands had a negative net margin of 6.61% and a positive return on equity of 9.12%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company earned $0.16 EPS. Newell Brands’s revenue was down 8.1% on a year-over-year basis. Research analysts expect that Newell Brands Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

NWL has been the topic of a number of analyst reports. StockNews.com upgraded shares of Newell Brands from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Morgan Stanley decreased their price target on shares of Newell Brands from $11.00 to $8.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 31st. Barclays raised their price target on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 16th. Raymond James downgraded shares of Newell Brands from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $13.00 to $10.00 in a research report on Monday, October 23rd. Finally, TheStreet downgraded shares of Newell Brands from a “c-” rating to a “d” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and a consensus price target of $9.55.

Check Out Our Latest Stock Analysis on Newell Brands

About Newell Brands

(Free Report)

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company 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 connected home and security products under the 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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