Financial Counselors Inc. Sells 3,705 Shares of Newell Brands Inc. (NASDAQ:NWL)

Financial Counselors Inc. lessened its holdings in Newell Brands Inc. (NASDAQ:NWL) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,005 shares of the company’s stock after selling 3,705 shares during the quarter. Financial Counselors Inc.’s holdings in Newell Brands were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Citigroup Inc. grew its holdings in Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock worth $9,476,000 after acquiring an additional 88,164 shares during the period. Cerity Partners LLC grew its stake in shares of Newell Brands by 130.9% during the third quarter. Cerity Partners LLC now owns 91,723 shares of the company’s stock worth $704,000 after purchasing an additional 51,992 shares during the period. FMR LLC increased its holdings in Newell Brands by 21.5% in the third quarter. FMR LLC now owns 4,354,913 shares of the company’s stock valued at $33,446,000 after purchasing an additional 770,717 shares during the last quarter. Bridgewater Associates LP acquired a new position in Newell Brands in the third quarter valued at about $108,000. Finally, Glenmede Trust Co. NA bought a new position in Newell Brands during the third quarter worth about $92,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NWL. Barclays increased their price target on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. UBS Group lifted their price target on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Royal Bank of Canada reduced their target price on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, February 10th. Finally, Canaccord Genuity Group lowered their price target on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.81.

Newell Brands Trading Down 1.8 %

NASDAQ NWL opened at $6.39 on Friday. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $11.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The stock’s 50 day moving average price is $7.66 and its two-hundred day moving average price is $8.51. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -12.29, a PEG ratio of 0.95 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $0.22 EPS. As a group, analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 4.38%. Newell Brands’s dividend payout ratio is -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.