Atria Wealth Solutions Inc. Acquires Shares of 11,204 Newell Brands Inc. $NWL

Atria Wealth Solutions Inc. acquired a new stake in Newell Brands Inc. (NASDAQ:NWL) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,204 shares of the company’s stock, valued at approximately $69,000.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Newell Brands in the 4th quarter valued at approximately $33,000. Farther Finance Advisors LLC increased its position in shares of Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after purchasing an additional 4,169 shares during the last quarter. NBC Securities Inc. increased its position in shares of Newell Brands by 146,542.9% in the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after purchasing an additional 10,258 shares during the last quarter. MQS Management LLC purchased a new stake in shares of Newell Brands in the 1st quarter valued at approximately $89,000. Finally, Whitegate Investment Counselors Inc. purchased a new stake in shares of Newell Brands in the 1st quarter valued at approximately $94,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the transaction, the chief executive officer directly owned 52,007 shares of the company’s stock, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NWL. JPMorgan Chase & Co. dropped their price objective on shares of Newell Brands from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Barclays increased their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Citigroup reaffirmed a “neutral” rating and issued a $6.00 target price (up from $5.00) on shares of Newell Brands in a research report on Tuesday, July 15th. Canaccord Genuity Group dropped their target price on shares of Newell Brands from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Finally, Wells Fargo & Company increased their target price on shares of Newell Brands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus price target of $7.44.

Newell Brands Trading Up 1.3%

Shares of Newell Brands stock opened at $5.46 on Monday. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12. The company has a market capitalization of $2.29 billion, a P/E ratio of -9.25 and a beta of 0.96. The company’s fifty day moving average is $5.53 and its two-hundred day moving average is $5.87.

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

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, August 29th. Newell Brands’s dividend payout ratio (DPR) is presently -47.46%.

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.