Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its holdings in Newell Brands Inc. (NASDAQ:NWLFree Report) by 30.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,813 shares of the company’s stock after selling 5,246 shares during the period. Sequoia Financial Advisors LLC’s holdings in Newell Brands were worth $95,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP increased its position in shares of Newell Brands by 106.2% during the fourth quarter. Quarry LP now owns 4,731 shares of the company’s stock worth $41,000 after purchasing an additional 2,437 shares in the last quarter. NBC Securities Inc. increased its position in shares of Newell Brands by 50.5% during the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after purchasing an additional 1,780 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth about $45,000. GAMMA Investing LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth about $61,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth about $88,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Price Performance

Shares of NWL opened at $5.73 on Thursday. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.61. The stock’s 50 day moving average is $7.27 and its two-hundred day moving average is $7.65. The firm has a market capitalization of $2.38 billion, a PE ratio of -7.96, a P/E/G ratio of 1.14 and a beta of 0.89. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48.

Newell Brands (NASDAQ:NWLGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting 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 company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company earned ($0.06) EPS. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. Research analysts anticipate 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 was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.89%. Newell Brands’s payout ratio is -38.89%.

Wall Street Analysts Forecast Growth

NWL has been the topic of a number of research analyst reports. Citigroup lifted 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. Wells Fargo & Company lowered their price target on Newell Brands from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Wednesday. Barclays raised Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price target on the stock in a report on Tuesday, May 14th. Finally, Canaccord Genuity Group raised their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Newell Brands presently has a consensus rating of “Hold” and an average target price of $8.52.

View Our Latest Stock Report on Newell Brands

Newell Brands Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Newell Brands (NASDAQ:NWL)

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