Accurate Wealth Management LLC Increases Stake in Newell Brands Inc. (NASDAQ:NWL)

Accurate Wealth Management LLC grew its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,865 shares of the company’s stock after purchasing an additional 1,531 shares during the quarter. Accurate Wealth Management LLC’s holdings in Newell Brands were worth $116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NWL. Quarry LP raised its holdings in Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Newell Brands by 24.8% during the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after acquiring an additional 1,666 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Newell Brands during the third quarter worth about $70,000. Claro Advisors LLC bought a new stake in shares of Newell Brands in the third quarter worth about $79,000. Finally, Atomi Financial Group Inc. bought a new stake in shares of Newell Brands in the third quarter worth about $79,000. Institutional investors own 92.50% of the company’s stock.

Insider Buying and Selling at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Newell Brands Stock Up 1.8 %

Shares of Newell Brands stock opened at $10.16 on Friday. The company has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $8.26. The stock has a market capitalization of $4.23 billion, a PE ratio of -16.93, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. On average, analysts anticipate that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

Analyst Upgrades and Downgrades

NWL has been the subject of several research analyst reports. Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. Canaccord Genuity Group lifted their price target on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company boosted their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Newell Brands currently has a consensus rating of “Hold” and a consensus target price of $10.60.

Newell Brands Company 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.