Elevated Capital Advisors LLC Has $546,000 Holdings in Newell Brands Inc. (NASDAQ:NWL)

Elevated Capital Advisors LLC cut its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,041 shares of the company’s stock after selling 1,973 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Newell Brands were worth $546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. lifted its holdings in shares of Newell Brands by 5.9% during the second quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock worth $203,000 after purchasing an additional 1,762 shares during the period. Arizona State Retirement System increased its position in shares of Newell Brands by 2.1% during the second quarter. Arizona State Retirement System now owns 116,226 shares of the company’s stock worth $745,000 after acquiring an additional 2,394 shares in the last quarter. Tidal Investments LLC grew its position in Newell Brands by 3.0% in the 1st quarter. Tidal Investments LLC now owns 83,559 shares of the company’s stock worth $671,000 after purchasing an additional 2,407 shares in the last quarter. Raymond James Trust N.A. grew its position in Newell Brands by 9.9% in the 2nd quarter. Raymond James Trust N.A. now owns 27,541 shares of the company’s stock worth $177,000 after purchasing an additional 2,490 shares in the last quarter. Finally, Xcel Wealth Management LLC grew its position in Newell Brands by 8.3% in the 2nd quarter. Xcel Wealth Management LLC now owns 32,773 shares of the company’s stock worth $210,000 after purchasing an additional 2,500 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Newell Brands Price Performance

Shares of Newell Brands stock opened at $7.32 on Thursday. The firm has a market cap of $3.04 billion, a PE ratio of -10.17, a price-to-earnings-growth ratio of 1.29 and a beta of 0.91. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.24. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The company’s fifty day simple moving average is $7.40 and its two-hundred day simple moving average is $7.31.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the company posted $0.24 EPS. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. As a group, equities analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.07 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.83%. Newell Brands’s dividend payout ratio is -38.89%.

Analyst Ratings Changes

A number of analysts recently commented on NWL shares. Wells Fargo & Company upped their price target on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Canaccord Genuity Group increased their price target on shares of Newell Brands from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a report on Monday, July 29th. Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Finally, Royal Bank of Canada increased their target price on shares of Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.80.

Newell Brands 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.