SG Americas Securities LLC Sells 17,333 Shares of Newell Brands Inc. (NASDAQ:NWL)

SG Americas Securities LLC lowered its position in Newell Brands Inc. (NASDAQ:NWL – Get Rating) by 67.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,508 shares of the company’s stock after selling 17,333 shares during the period. SG Americas Securities LLC’s holdings in Newell Brands were worth $111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairfield Bush & CO. bought a new position in shares of Newell Brands during the 1st quarter valued at about $26,000. Wipfli Financial Advisors LLC bought a new position in shares of Newell Brands in the 3rd quarter valued at about $34,000. Ellevest Inc. lifted its holdings in shares of Newell Brands by 40.4% in the 3rd quarter. Ellevest Inc. now owns 4,836 shares of the company’s stock valued at $67,000 after acquiring an additional 1,392 shares during the last quarter. RFP Financial Group LLC bought a new position in shares of Newell Brands in the 4th quarter valued at about $73,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Newell Brands by 711.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,107 shares of the company’s stock valued at $88,000 after acquiring an additional 3,601 shares during the last quarter. Institutional investors own 92.31% of the company’s stock.

Insider Buying and Selling

In other Newell Brands news, Director Brett Icahn sold 107,372 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $15.37, for a total transaction of $1,650,307.64. Following the sale, the director now directly owns 845,631 shares in the company, valued at approximately $12,997,348.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Brett Icahn sold 107,372 shares of the firm’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $15.37, for a total value of $1,650,307.64. Following the sale, the director now directly owns 845,631 shares in the company, valued at approximately $12,997,348.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark J. Erceg bought 28,282 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was bought at an average cost of $13.00 per share, for a total transaction of $367,666.00. Following the completion of the transaction, the chief financial officer now directly owns 94,982 shares in the company, valued at $1,234,766. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Newell Brands Stock Performance

Newell Brands stock opened at $8.75 on Wednesday. The firm has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $13.25. Newell Brands Inc. has a 1-year low of $8.73 and a 1-year high of $23.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.23 and a quick ratio of 0.55. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of -30.17 and a beta of 0.92.

Newell Brands (NASDAQ:NWL – Get Rating) last posted its quarterly earnings results on Friday, April 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $1.81 billion during 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 business’s quarterly revenue was down 24.4% on a year-over-year basis. During the same period last year, the company earned $0.36 EPS. On average, analysts expect that Newell Brands Inc. will post 0.98 EPS for the current year.

Newell Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.20%. Newell Brands’s payout ratio is currently -317.24%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Newell Brands from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Monday, February 13th. Wells Fargo & Company boosted their target price on shares of Newell Brands from $13.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 24th. Barclays decreased their price objective on shares of Newell Brands from $13.00 to $11.00 and set an “underweight” rating for the company in a research report on Tuesday, February 14th. StockNews.com began coverage on shares of Newell Brands in a research report on Thursday, March 16th. They issued a “sell” rating for the company. Finally, Morgan Stanley reduced their price target on shares of Newell Brands from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and a consensus 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.