87,131 Shares in Newell Brands Inc. (NASDAQ:NWL) Acquired by WESPAC Advisors LLC

WESPAC Advisors LLC bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL) in the fourth quarter, HoldingsChannel reports. The firm bought 87,131 shares of the company’s stock, valued at approximately $868,000.

A number of other large investors have also bought and sold shares of the business. Handelsbanken Fonder AB increased its stake in Newell Brands by 4.8% during the 4th quarter. Handelsbanken Fonder AB now owns 106,200 shares of the company’s stock worth $1,058,000 after purchasing an additional 4,900 shares in the last quarter. Ieq Capital LLC increased its stake in Newell Brands by 230.4% during the 4th quarter. Ieq Capital LLC now owns 119,957 shares of the company’s stock worth $1,195,000 after purchasing an additional 83,649 shares in the last quarter. New York State Common Retirement Fund boosted its position in Newell Brands by 5.9% during the 4th quarter. New York State Common Retirement Fund now owns 1,313,144 shares of the company’s stock worth $13,079,000 after acquiring an additional 72,635 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Newell Brands during the 4th quarter worth approximately $101,000. Finally, Venturi Wealth Management LLC boosted its position in Newell Brands by 30.5% during the 4th quarter. Venturi Wealth Management LLC now owns 11,940 shares of the company’s stock worth $119,000 after acquiring an additional 2,794 shares during the last quarter. 92.50% of the stock is owned by institutional investors.

Newell Brands Stock Performance

Shares of Newell Brands stock opened at $6.80 on Friday. The business has a fifty day simple moving average of $9.41 and a two-hundred 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 market capitalization of $2.83 billion, a price-to-earnings ratio of -13.08, a P/E/G ratio of 0.95 and a beta of 0.89. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 prior year, the business posted $0.22 earnings per share. Research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NWL. Canaccord Genuity Group reduced their price target on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Royal Bank of Canada reduced their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company reduced their price target on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price objective on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.81.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.58% of the company’s stock.

About Newell Brands

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.