EP Wealth Advisors LLC Purchases Shares of 28,421 Newell Brands Inc. (NASDAQ:NWL)

EP Wealth Advisors LLC purchased a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,421 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rothschild Investment LLC acquired a new stake in shares of Newell Brands in the 2nd quarter valued at $26,000. Gradient Investments LLC acquired a new stake in shares of Newell Brands during the second quarter worth $46,000. Quarry LP grew its position in shares of Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after buying an additional 4,056 shares during the period. Innealta Capital LLC bought a new stake in Newell Brands in the second quarter valued at approximately $58,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of Newell Brands in the 3rd quarter valued at $70,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NWL has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Canaccord Genuity Group increased their target price on shares of Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their target price on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Barclays upgraded shares of Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. Finally, Truist Financial upgraded 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Insider Buying and Selling at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the business’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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the sale, the insider now directly owns 230,254 shares in the company, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Newell Brands Stock Down 3.8 %

NWL stock opened at $11.01 on Friday. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of -18.35, a PEG ratio of 1.06 and a beta of 0.90. The business’s fifty day moving average price is $8.96 and its two-hundred day moving average price is $7.77.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $0.39 EPS. The business’s revenue was down 2.6% on a year-over-year basis. On average, equities analysts anticipate that Newell Brands Inc. will post 0.66 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.54%. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

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.