Xponance Inc. Sells 8,985 Shares of Newell Brands Inc. (NASDAQ:NWL)

Xponance Inc. decreased its position in Newell Brands Inc. (NASDAQ:NWL) by 39.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,559 shares of the company’s stock after selling 8,985 shares during the quarter. Xponance Inc.’s holdings in Newell Brands were worth $118,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC bought a new position in Newell Brands in the third quarter worth $25,000. Authentikos Wealth Advisory LLC bought a new position in shares of Newell Brands during the third quarter valued at $51,000. RFP Financial Group LLC increased its holdings in shares of Newell Brands by 81.1% during the third quarter. RFP Financial Group LLC now owns 10,050 shares of the company’s stock valued at $91,000 after acquiring an additional 4,500 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Newell Brands during the fourth quarter valued at $88,000. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Newell Brands during the fourth quarter valued at $94,000. Institutional investors own 92.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NWL. Raymond James downgraded Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Morgan Stanley reduced their price target on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a report on Monday, February 12th. UBS Group downgraded Newell Brands from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $8.50 in a report on Friday, February 16th. Citigroup reduced their price target on Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.13.

Newell Brands Trading Up 12.2 %

Shares of NASDAQ:NWL opened at $7.79 on Monday. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of -10.82, a PEG ratio of 1.54 and a beta of 0.95. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. The stock’s 50-day simple moving average is $7.49 and its two-hundred day simple moving average is $7.74. Newell Brands Inc. has a 52-week low of $6.49 and a 52-week high of $12.31.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share. Analysts expect that Newell Brands Inc. will post 0.56 EPS for the current year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 annualized dividend and a yield of 3.59%. Newell Brands’s payout ratio is -38.89%.

About Newell Brands

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.