Corient Private Wealth LLC Sells 5,683 Shares of Newell Brands Inc. (NASDAQ:NWL)

Corient Private Wealth LLC trimmed its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 17.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,508 shares of the company’s stock after selling 5,683 shares during the period. Corient Private Wealth LLC’s holdings in Newell Brands were worth $274,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after buying an additional 4,617 shares during the last quarter. Versant Capital Management Inc increased its position 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 worth $83,000 after acquiring an additional 1,666 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Newell Brands in the 4th quarter worth about $101,000. Jones Financial Companies Lllp lifted its position in Newell Brands by 35.3% in the 4th quarter. Jones Financial Companies Lllp now owns 11,311 shares of the company’s stock valued at $113,000 after acquiring an additional 2,954 shares in the last quarter. Finally, Accurate Wealth Management LLC lifted its position in Newell Brands by 14.8% in the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock valued at $116,000 after acquiring an additional 1,531 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Performance

NASDAQ NWL opened at $6.20 on Tuesday. The company has a market capitalization of $2.58 billion, a PE ratio of -11.92, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78. The company has a 50-day simple moving average of $7.58 and a 200 day simple moving average of $8.51.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company posted $0.22 earnings per share. On average, research analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 4.52%. Newell Brands’s payout ratio is presently -53.85%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NWL. Barclays boosted their price objective on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. UBS Group increased their price target on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Canaccord Genuity Group dropped their price objective on Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Citigroup reduced their target price on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. raised 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, January 16th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.81.

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.