1 week Ago By Defense World Staff
Pictet Asset Management Holding SA trimmed its holdings in shares of Newell Brands Inc. ( NASDAQ:NWL – Free Report ) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 86,488 shares of the company’s stock after selling 4,716 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Newell Brands were worth $861,000 at the end of the most recent quarter. Several other institutional investors also recently bought and sold shares of NWL.
PFG Investments LLC raised its stake in shares of Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock valued at $157,000 after acquiring an additional 981 shares in the last quarter.
TriaGen Wealth Management LLC grew its holdings in Newell Brands by 1.7% during the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock valued at $583,000 after purchasing an additional 991 shares during the last quarter.
Arizona State Retirement System raised its position in shares of Newell Brands by 0.9% in the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock valued at $1,202,000 after purchasing an additional 1,125 shares during the period.
Optas LLC lifted its stake in shares of Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company’s stock worth $123,000 after buying an additional 1,306 shares during the last quarter.
Finally, Accurate Wealth Management LLC boosted its holdings in shares of Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock worth $116,000 after buying an additional 1,531 shares during the period.
92.50% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Several research analysts recently commented on NWL shares.
Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $17.00 in a report on Monday, December 9th.
UBS Group lifted their price objective on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th.
Canaccord Genuity Group decreased their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 10th.
Wells Fargo & Company dropped their price target on Newell Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd.
Finally, Royal Bank of Canada cut their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th.
Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.58.
Newell Brands Stock Down 6.4 % Shares of NWL stock opened at $5.12 on Monday.
Newell Brands Inc. has a one year low of $4.83 and a one year high of $11.
78. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.
14 and a quick ratio of 0.56. The stock has a fifty day moving average price of $7.
21 and a 200 day moving average price of $8.46. The stock has a market cap of $2.
14 billion, a P/E ratio of -9.85, a price-to-earnings-growth ratio of 0.95 and a beta of 0.
84. Newell Brands ( NASDAQ:NWL – Get Free Report ) last released 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 quarter in the prior year, the business posted $0.22 earnings per share. Analysts predict that Newell Brands Inc.
will post 0.72 earnings per share for the current year. Newell Brands Dividend Announcement The business 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 of this dividend was Friday, February 28th.
This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.47%.
Newell Brands’s payout ratio is presently -53.85%. Newell Brands Company Profile ( Free Report ) 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. Read More Five stocks we like better than Newell Brands Ride Out The Recession With These Dividend Kings Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential? Uptrend Stocks Explained: Learn How to Trade Using Uptrends Disney 2025 Shareholders: Major Updates for Investors How to Buy Gold Stock and Invest in Gold Advance Auto Parts Stock: A Classic Rebound Play in the Making Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.
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