Newell Brands Inc. (NASDAQ:NWL) Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in Newell Brands Inc. (NASDAQ:NWL) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,486 shares of the company’s stock after selling 3,998 shares during the quarter. US Bancorp DE’s holdings in Newell Brands were worth $195,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Newell Brands in the fourth quarter worth about $33,000. Farther Finance Advisors LLC raised its stake in Newell Brands by 212.6% during the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after buying an additional 4,169 shares in the last quarter. NBC Securities Inc. raised its stake in Newell Brands by 146,542.9% during the first quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after buying an additional 10,258 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Newell Brands in the 4th quarter valued at approximately $127,000. Finally, Baker Avenue Asset Management LP bought a new stake in shares of Newell Brands in the 4th quarter valued at approximately $130,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Insider Transactions at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the transaction, the chief executive officer directly owned 52,007 shares of the company’s stock, valued at $265,755.77. This represents a 14.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial lowered their price target on Newell Brands from $17.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on Newell Brands from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Wall Street Zen upgraded Newell Brands from a “sell” rating to a “hold” rating in a report on Sunday, May 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $9.00 price target on shares of Newell Brands in a report on Monday, April 28th. Finally, Citigroup reiterated a “neutral” rating and issued a $6.00 price target (up from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus price target of $7.44.

Newell Brands Stock Up 1.3%

Shares of Newell Brands stock opened at $5.46 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The business’s 50 day simple moving average is $5.53 and its 200-day simple moving average is $5.93. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -9.25 and a beta of 0.96. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. Equities research analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, August 29th. Newell Brands’s dividend payout ratio is -47.46%.

Newell Brands Company 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.