Sei Investments Co. Sells 121,934 Shares of Newell Brands Inc. (NASDAQ:NWL)

Sei Investments Co. cut its position in shares of Newell Brands Inc. (NASDAQ:NWL – Free Report) by 29.

1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,791 shares of the company’s stock after selling 121,934 shares during the period. Sei Investments Co.



owned 0.07% of Newell Brands worth $2,956,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently modified their holdings of NWL.

Harvest Fund Management Co. Ltd acquired a new stake in Newell Brands during the 4th quarter valued at $46,000. Smartleaf Asset Management LLC raised its position in shares of Newell Brands by 140.

1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after purchasing an additional 4,617 shares during the period. Versant Capital Management Inc lifted its stake in shares of Newell Brands by 24.

8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after buying an additional 1,666 shares during the last quarter. Glenmede Trust Co.

NA bought a new stake in shares of Newell Brands during the 3rd quarter worth about $92,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Newell Brands during the 3rd quarter worth about $94,000. 92.

50% of the stock is owned by institutional investors. Newell Brands Price PerformanceNWL stock opened at $5.47 on Friday.

The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.

64. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -10.

52, a PEG ratio of 0.95 and a beta of 0.88.

The company’s fifty day simple moving average is $7.32 and its 200 day simple moving average is $8.46.

Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $11.

78. Newell Brands (NASDAQ:NWL – Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.

16 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $0.22 earnings per share. On average, analysts expect that Newell Brands Inc.

will post 0.72 earnings per share for the current year. Newell Brands Announces DividendThe business also recently declared a quarterly dividend, which was paid on Friday, March 14th.

Investors 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 annualized dividend and a yield of 5.12%.

Newell Brands’s dividend payout ratio (DPR) is currently -53.85%. Analysts Set New Price TargetsA number of research firms recently commented on NWL.

Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and raised their price target for the stock from $10.00 to $17.00 in a research report on Monday, December 9th.

Barclays raised their target price on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th.

UBS Group boosted their price target on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th.

Royal Bank of Canada reduced 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, Wells Fargo & Company dropped their price objective on Newell Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday.

Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.

58.Check Out Our Latest Research Report on Newell BrandsAbout Newell Brands (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.Further ReadingFive stocks we like better than Newell BrandsWhat is a SEC Filing?Shares of RH Down Nearly 40%: Where Investors Can Turn To NowWhat is a Special Dividend?Tariffs, Spin-Out, and R2 Updates Are Positive Signs for RivianWhat is a support level?Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy?.