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

Kestra Private Wealth Services LLC trimmed its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,980 shares of the company’s stock after selling 2,795 shares during the period. Kestra Private Wealth Services LLC’s holdings in Newell Brands were worth $191,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new stake in shares of Newell Brands during the third quarter worth $51,000. GAMMA Investing LLC purchased a new stake in shares of Newell Brands during the fourth quarter worth approximately $61,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Newell Brands during the fourth quarter worth approximately $88,000. RFP Financial Group LLC increased its stake 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 worth $91,000 after buying an additional 4,500 shares during the period. Finally, Prime Capital Investment Advisors LLC purchased a new position in Newell Brands in the fourth quarter valued at approximately $94,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWL has been the topic of several recent analyst reports. Citigroup increased their price target on shares of Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Barclays boosted their target price on shares of Newell Brands from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. Raymond James lowered shares of Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. UBS Group downgraded Newell Brands from a “buy” rating to a “neutral” rating and cut their price target for the stock from $10.00 to $8.50 in a research note on Friday, February 16th. Finally, Canaccord Genuity Group lifted their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.61.

Newell Brands Stock Up 2.2 %

Shares of NASDAQ:NWL opened at $8.23 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15. Newell Brands Inc. has a 1 year low of $6.49 and a 1 year high of $11.61. The stock has a market capitalization of $3.42 billion, a P/E ratio of -11.32, a PEG ratio of 1.43 and a beta of 0.95. The stock has a 50-day simple moving average of $7.55 and a 200-day simple moving average of $7.78.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the business earned ($0.06) EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Equities analysts forecast that Newell Brands Inc. will post 0.6 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.40%. Newell Brands’s dividend payout ratio is presently -38.89%.

Newell Brands Profile

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.