Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Venturi Wealth Management LLC

by · The Cerbat Gem

Venturi Wealth Management LLC increased its stake in shares of Newell Brands Inc. (NASDAQ:NWL – Free Report) by 30.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,940 shares of the company’s stock after purchasing an additional 2,794 shares during the period. Venturi Wealth Management LLC’s holdings in Newell Brands were worth $119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NWL. Creative Planning raised its position in shares of Newell Brands by 32.7% during the 3rd quarter. Creative Planning now owns 33,963 shares of the company’s stock worth $261,000 after purchasing an additional 8,365 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Newell Brands by 35.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,369 shares of the company’s stock worth $126,000 after purchasing an additional 4,327 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Newell Brands by 4.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 201,100 shares of the company’s stock worth $1,544,000 after purchasing an additional 8,900 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Newell Brands by 47.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,233 shares of the company’s stock worth $93,000 after purchasing an additional 3,930 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Newell Brands by 105.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,995 shares of the company’s stock worth $292,000 after purchasing an additional 19,493 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Stock Performance

Newell Brands stock opened at $6.80 on Friday. The firm has a 50 day simple moving average of $9.41 and a 200-day simple moving average of $8.63. Newell Brands Inc. has a 1-year low of $5.39 and a 1-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 market cap of $2.83 billion, a price-to-earnings ratio of -13.08, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89.

Newell Brands (NASDAQ:NWL – Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the business posted $0.22 earnings per share. On average, analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 4.12%. Newell Brands’s dividend payout ratio is currently -53.85%.

Insider Transactions at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

NWL has been the subject of several research reports. Canaccord Genuity Group dropped their price objective on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Truist Financial raised 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 note on Monday, December 9th. UBS Group upped their price objective on shares of 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 dropped their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, February 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a research note 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.81.

Read Our Latest Stock Analysis on NWL

About 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 Reading

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