Kestra Private Wealth Services LLC Has $191,000 Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Kestra Private Wealth Services LLC lessened its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 11.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,980 shares of the company’s stock after selling 2,795 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Newell Brands were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System lifted its position in shares of Newell Brands by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 112,012 shares of the company’s stock worth $1,011,000 after buying an additional 1,508 shares during the period. Kestra Advisory Services LLC raised its position in Newell Brands by 5.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 30,495 shares of the company’s stock valued at $275,000 after purchasing an additional 1,562 shares during the last quarter. Xcel Wealth Management LLC raised its position in Newell Brands by 8.6% in the 4th quarter. Xcel Wealth Management LLC now owns 21,370 shares of the company’s stock valued at $185,000 after purchasing an additional 1,700 shares during the last quarter. CM Wealth Advisors LLC raised its position in Newell Brands by 15.6% in the 3rd quarter. CM Wealth Advisors LLC now owns 27,400 shares of the company’s stock valued at $247,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Signaturefd LLC raised its position in Newell Brands by 36.0% in the 4th quarter. Signaturefd LLC now owns 16,656 shares of the company’s stock valued at $145,000 after purchasing an additional 4,413 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Stock Up 2.2 %

Shares of Newell Brands stock opened at $8.23 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. Newell Brands Inc. has a 12 month low of $6.49 and a 12 month high of $11.61. The business has a fifty day simple moving average of $7.55 and a 200 day simple moving average of $7.78. The stock has a market cap of $3.42 billion, a PE ratio of -11.32, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, April 26th. The company reported ($0.07) 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 period in the previous year, the firm earned ($0.06) earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. Research analysts predict that Newell Brands Inc. will post 0.6 EPS for the current year.

Newell Brands Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on NWL. Morgan Stanley cut their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Citigroup boosted their target price on Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Raymond James downgraded Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Royal Bank of Canada dropped their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a research report on Monday, February 12th. Finally, Barclays boosted their target price on Newell Brands from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.61.

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.