Newell Brands Inc. (NASDAQ:NWL) Position Decreased by Moors & Cabot Inc.

Moors & Cabot Inc. cut its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,634 shares of the company’s stock after selling 7,736 shares during the period. Moors & Cabot Inc.’s holdings in Newell Brands were worth $415,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its position in shares of Newell Brands by 18.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock valued at $127,629,000 after acquiring an additional 2,634,114 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Newell Brands by 4.8% during the third quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock valued at $113,073,000 after purchasing an additional 674,015 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Newell Brands in the 4th quarter valued at $72,431,000. Victory Capital Management Inc. boosted its position in shares of Newell Brands by 43.7% in the 4th quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company’s stock valued at $67,637,000 after purchasing an additional 2,066,599 shares during the period. Finally, Geode Capital Management LLC increased its stake in Newell Brands by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company’s stock worth $50,973,000 after purchasing an additional 115,459 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Up 0.6 %

NWL stock opened at $6.55 on Friday. The firm has a market cap of $2.73 billion, a PE ratio of -12.60, a PEG ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $11.78. The company has a fifty day simple moving average of $8.34 and a 200 day simple moving average of $8.56. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $0.22 earnings per share. Sell-side analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 4.27%. Newell Brands’s payout ratio is currently -53.85%.

Analyst Ratings Changes

Several brokerages have commented on NWL. Citigroup decreased their target price on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a report on Monday, February 10th. Canaccord Genuity Group decreased their price objective on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 10th. UBS Group boosted their target price on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Wells Fargo & Company decreased their target price 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, Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and upped their target price for the company from $10.00 to $17.00 in a report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.