Prime Capital Investment Advisors LLC Invests $94,000 in Newell Brands Inc. (NASDAQ:NWL)

Prime Capital Investment Advisors LLC acquired a new position in Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 10,851 shares of the company’s stock, valued at approximately $94,000.

Several other hedge funds have also recently made changes to their positions in NWL. International Assets Investment Management LLC grew its stake in shares of Newell Brands by 607.6% in the 4th quarter. International Assets Investment Management LLC now owns 19,340 shares of the company’s stock valued at $168,000 after buying an additional 16,607 shares during the period. Bell Bank grew its stake in shares of Newell Brands by 14.3% in the 4th quarter. Bell Bank now owns 599,803 shares of the company’s stock valued at $5,206,000 after buying an additional 75,113 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Newell Brands in the 4th quarter valued at about $5,843,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Newell Brands in the 4th quarter valued at about $125,000. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Newell Brands in the 4th quarter valued at about $292,000. 92.50% of the stock is owned by institutional investors.

Newell Brands Price Performance

Shares of NASDAQ NWL opened at $7.12 on Monday. Newell Brands Inc. has a twelve month low of $6.49 and a twelve month high of $12.74. The stock’s 50 day moving average price is $7.62 and its 200-day moving average price is $7.80. The company has a market capitalization of $2.96 billion, a PE ratio of -7.49, a PEG ratio of 1.40 and a beta of 0.95. The company has a quick ratio of 0.63, a current ratio of 1.16 and a debt-to-equity ratio of 1.47.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, February 9th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the business earned $0.16 EPS. The company’s revenue was down 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Newell Brands Inc. will post 0.56 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.07 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.93%. Newell Brands’s payout ratio is presently -29.47%.

Analyst Ratings Changes

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

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.