Wells Fargo & Company MN Lowers Position in Newell Brands Inc. (NASDAQ:NWL)

Wells Fargo & Company MN trimmed its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 177,957 shares of the company’s stock after selling 3,561 shares during the period. Wells Fargo & Company MN’s holdings in Newell Brands were worth $1,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new position in shares of Newell Brands during the fourth quarter valued at about $46,000. Smartleaf Asset Management LLC grew its holdings in Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after buying an additional 4,617 shares in the last quarter. Versant Capital Management Inc increased its stake in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after acquiring an additional 1,666 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Newell Brands during the 4th quarter worth approximately $101,000. Finally, Parametrica Management Ltd purchased a new position in shares of Newell Brands in the fourth quarter valued at $107,000. 92.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NWL has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price target on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. Canaccord Genuity Group dropped their price target on Newell Brands from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group reduced their price objective on Newell Brands from $8.00 to $5.50 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Barclays boosted their target price on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.92.

Newell Brands Stock Performance

Shares of Newell Brands stock opened at $5.01 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The stock’s fifty day moving average is $5.90 and its two-hundred day moving average is $8.13. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a market capitalization of $2.09 billion, a PE ratio of -9.63, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period in the prior year, the firm posted $0.22 EPS. As a group, analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 5.59%. Newell Brands’s payout ratio is currently -53.85%.

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.