Advisory Services Network LLC Buys 3,020 Shares of Newell Brands Inc. (NASDAQ:NWL)

Advisory Services Network LLC boosted its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,163 shares of the company’s stock after purchasing an additional 3,020 shares during the quarter. Advisory Services Network LLC’s holdings in Newell Brands were worth $211,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NWL. Charles Schwab Investment Management Inc. increased its stake in Newell Brands by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock worth $39,761,000 after purchasing an additional 178,028 shares in the last quarter. Amundi increased its position in shares of Newell Brands by 194.4% during the fourth quarter. Amundi now owns 215,597 shares of the company’s stock worth $2,121,000 after acquiring an additional 142,361 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Newell Brands in the 4th quarter valued at $9,877,000. Empowered Funds LLC increased its holdings in Newell Brands by 751.9% during the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock worth $999,000 after purchasing an additional 88,483 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new stake in shares of Newell Brands in the fourth quarter valued at about $434,000. Institutional investors own 92.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NWL shares. Barclays lifted 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. UBS Group cut their price target on shares of Newell Brands from $8.00 to $5.50 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup lowered their target price on Newell Brands from $7.75 to $4.75 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada lowered their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus price target of $9.14.

Newell Brands Stock Up 1.5 %

Newell Brands stock opened at $4.70 on Friday. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78. The stock has a market cap of $1.96 billion, a P/E ratio of -9.04, a P/E/G ratio of 0.95 and a beta of 0.84. The company’s 50-day moving average price is $6.11 and its two-hundred day moving average price is $8.22. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64.

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

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.96%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is -53.85%.

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.